The impact of corruption on FDI: Is MENA an exception?

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dc.AffiliationOctober University for modern sciences and Arts (MSA)
dc.contributor.authorHelmy H.E.
dc.contributor.otherDepartment of Economics
dc.contributor.otherFaculty of Management Sciences
dc.contributor.otherModern Sciences and Arts University (MSA)
dc.contributor.other6th of October City
dc.contributor.otherEgypt
dc.date.accessioned2020-01-09T20:42:23Z
dc.date.available2020-01-09T20:42:23Z
dc.date.issued2013
dc.descriptionScopus
dc.description.abstractThe eruption of the Arab Spring in Tunisia and Egypt was ensued by deterioration in FDI inflows. Whether a new Middle East free of corruption accompanying previous dictatorships will offset the negative ramifications of the uprisings and enhance FDI in the long run remains debatable. Since the evidence on the causal relationship between corruption and FDI is inconclusive, this study attempts to take another step. The paper investigates the link between corruption and FDI flows to the Middle East and North Africa (MENA) and assesses whether or not corruption has more importance than other FDI determinants. By employing several panel settings with various econometric specifications on 21 MENA countries over the period 2003 to 2009, it is demonstrated that FDI varies positively with corruption. Additionally, FDI in MENA was found to vary positively with per capita income, openness, freedom and security of investments and negatively with the tax and homicide rates. Since corruption was not found to hinder FDI inflows, treating corruption should be based on sound legal procedures that infringe neither on the rights, freedom and security of FDI nor on the degree of openness and freedom of the economy, which are the real stimulants of FDI in MENA. � 2013 Copyright Taylor and Francis Group, LLC.en_US
dc.description.urihttps://www.scimagojr.com/journalsearch.php?q=23720&tip=sid&clean=0
dc.identifier.doihttps://doi.org/10.1080/02692171.2012.752445
dc.identifier.doiPubMed ID :
dc.identifier.issn2692171
dc.identifier.otherhttps://doi.org/10.1080/02692171.2012.752445
dc.identifier.otherPubMed ID :
dc.identifier.urihttps://t.ly/j66x0
dc.language.isoEnglishen_US
dc.relation.ispartofseriesInternational Review of Applied Economics
dc.relation.ispartofseries27
dc.subjectArab Springen_US
dc.subjectcorruptionen_US
dc.subjectdeterminantsen_US
dc.subjectfixed effectsen_US
dc.subjectforeign direct investmenten_US
dc.subjectGMMen_US
dc.subjectMiddle East and North Africa (MENA)en_US
dc.subjectpanel data analysisen_US
dc.subjectArab worlden_US
dc.subjectcapital flowen_US
dc.subjectcorruptionen_US
dc.subjectforeign direct investmenten_US
dc.subjectpanel dataen_US
dc.subjectpopular protesten_US
dc.subjectEgypten_US
dc.subjectMiddle Easten_US
dc.subjectTunisiaen_US
dc.titleThe impact of corruption on FDI: Is MENA an exception?en_US
dc.typeArticleen_US
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