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The law of growth and attraction: an endogenous model of absorptive capacities, FDI and income for MENA countries

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Author Info
Alaya MAROUANE (Université de Tunis)
Dalila NICET-CHENAF (GREThA-GRES)
Eric ROUGIER (GREThA-GRES)

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Abstract

In this paper, we build a structural model of growth and we estimate it on panel data. We go further than the previous studies of Bende et al. (2000, 2003) or Li & Liu (2005), because we not only control for the endogenity of FDI towards growth, but we also control for the endogenity of FDI towards the other variables (trade openness, domestic investment, human development) that are likely to increase the effects of foreign investments on growth through the absorption capacities building. We show that this model brings in new and interesting results about the interactions between attraction, FDI and growth in MENA countries (Middle East and North Africa countries).

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Paper provided by Groupement de Recherches Economiques et Sociales in its series Cahiers du GRES with number 2008-21.

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Date of creation: 2008
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Handle: RePEc:grs:wpegrs:2008-21

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Related research
Keywords: FDI; Human capital; Growth; simultaneous equations; MENA;

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Find related papers by JEL classification:
F1 - International Economics - - Trade
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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