IDEAS home Printed from https://ideas.repec.org/p/grs/wpegrs/2007-01.html
   My bibliography  Save this paper

Free Trade Agreements and Foreign Direct Investment : Institutional proximity as attractiveness factor The case of banks and telecoms in Morocco (In French)

Author

Listed:
  • Malika HATTAB-CHRISTMANN (LEREPS-GRES)

Abstract

As all the Southern and Eastern Mediterranean countries, Morocco has been engaged into euro-mediterranean agreements to increase international investors trust. Another objective was to influence Multinational firms localisation choices,, as these firms are seen to be the main way to develop industries, employment, technology transfert and to reach an important growth level. In this paper, evolution of the foreign direct investment flows and their sectorial affectation since 1996 allowed us to conclude that euro-mediterranean agreements as well as world trade organisation agreement could be seen as last step of Structural Adjustment Plans. Indeed, they allowed to depeen reforms, essentially with the openness to competition of several own-stated sectors. Evolution path of foreign greenfield investment did not radically change but the important movement of mergers and acquisitions has been translated in a modification of domestic firms shareholding, especially in the banking sector and telecom. Therfore, Free Trade Agreements could be seen as the mean to fasten institutional change.

Suggested Citation

  • Malika HATTAB-CHRISTMANN (LEREPS-GRES), 2007. "Free Trade Agreements and Foreign Direct Investment : Institutional proximity as attractiveness factor The case of banks and telecoms in Morocco (In French)," Cahiers du GRES (2002-2009) 2007-01, Groupement de Recherches Economiques et Sociales.
  • Handle: RePEc:grs:wpegrs:2007-01
    as

    Download full text from publisher

    File URL: http://cahiersdugres.u-bordeaux4.fr/2007/2007-01.pdf
    Download Restriction: no

    More about this item

    Keywords

    foreign direct investment; Free Trade Agreements; euro-mediterranean partnership; shareholding; banks; telecoms; Morocco; institutional change;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:grs:wpegrs:2007-01. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vincent Frigant). General contact details of provider: http://edirc.repec.org/data/gressfr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.