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Institutional and Economic Determinants of FDI: A Comparison between the European Union and the MENA Region

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  • Galego Aurora

    (Universidade de Évora and CEFAGE-UE)

  • Caetano José Manuel

    (University of Évora and CEFAGE-UE)

Abstract

FDI flows to the MENA region have been relatively low when compared to neighboring countries. This paper aims at investigating whether there are significant region-specific factors for FDI performance in MENA and EU regions. We employ a panel data approach and use the inward FDI performance index as dependent variable, including both institutional and macroeconomic variables as FDI determinants. The results reveal similar impact of the economic factors but significant differences between the two regions with regard to institutional determinants particularly investment climate, government size and trade barriers. This leads to the conclusion that more appropriate policies are needed in the MENA region in order to develop a friendly economic and institutional environment to attract foreign investors.

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Bibliographic Info

Article provided by De Gruyter in its journal Review of Middle East Economics and Finance.

Volume (Year): 8 (2012)
Issue (Month): 1 (August)
Pages: 1-23

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Handle: RePEc:bpj:rmeecf:v:8:y:2012:i:1:n:1

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  1. Blonigen, Bruce A., 2002. "Tariff-jumping antidumping duties," Journal of International Economics, Elsevier, vol. 57(1), pages 31-49, June.
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Cited by:
  1. Antonio Baez, 2014. "“A panel data analysis of FDI and informal labor markets”," IREA Working Papers 201404, University of Barcelona, Research Institute of Applied Economics, revised Feb 2014.
  2. Antonio Baez, 2014. "“A panel data analysis of FDI and informal labor markets”," AQR Working Papers 201402, University of Barcelona, Regional Quantitative Analysis Group, revised Feb 2014.

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