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Libéralisation commerciale et investissement privé : une analyse en données de panel pour les entreprises manufacturières en Tunisie

Author

Listed:
  • Mourad ZMAMI

    (Northern Border University, College of Business Administration, KSA and University of Tunis)

Abstract

L’objectif de ce travail consiste à analyser les effets de la libéralisation commerciale sur l'investissement privé en utilisant un échantillon d'entreprises opérant dans l’industrie manufacturière en Tunisie durant la période 1997-2007. L'estimation du modèle économétrique en données de panel par la méthode de GMM en système montre que la libéralisation des inputs intermédiaires importés stimule l'investissement privé, alors que la libéralisation de la production domestique favorise l'entrée des importations qui concurrencent les produits locaux et diminue, par conséquent, la profitabilité et l'investissement des entreprises. L'effet net des réformes commerciales demeure positif. Les autres estimations effectuées en tenant compte de la taille des entreprises montrent que la réaction de l'investissement à la libéralisation commerciale est relativement plus élevée chez les PME comparativement aux grandes entreprises. L’analyse économétrique suggère, également, que la libéralisation commerciale exerce des effets plus importants chez les firmes locales comparativement aux firmes étrangères qui n'ajustent pas leurs investissements à la libéralisation commerciale. Les différents tests de robustesse confirment les résultats trouvés précédemment.

Suggested Citation

  • Mourad ZMAMI, 2017. "Libéralisation commerciale et investissement privé : une analyse en données de panel pour les entreprises manufacturières en Tunisie," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 45, pages 79-97.
    • Handle: RePEc:tou:journl:v:45:y:2017:p:79-97
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    References listed on IDEAS

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    More about this item

    Keywords

    Investissement ; Libéralisation commerciale ; Méthode GMM en système ; Tunisie;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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