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Volatilité Du Taux De Change Et Investissement Direct Etranger A Madagascar

Author

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  • Rindra Tsiferana Rajaonson

    (Université de Fianarantsoa)

Abstract

Cette étude examine l'impact de la volatilité du taux de change sur les investissements directs étrangers (IDE) à Madagascar entre 1987 et 2021, en utilisant le modèle ARDL. Les résultats indiquent une relation de cointégration entre les variables, confirmée par un test statistique significatif. À long terme, la croissance économique influence positivement les IDE, tandis qu'une plus grande ouverture extérieure peut initialement réduire les IDE en raison de la concurrence accrue. À court terme, une augmentation de la volatilité du taux de change peut attirer les IDE, mais une volatilité prolongée tend à les réduire. Une hausse immédiate de l'ouverture extérieure réduit également les IDE, bien qu'une plus grande ouverture puisse les favoriser à plus long terme. Enfin, une croissance de la production nationale renforce l'attractivité de Madagascar pour les investisseurs étrangers.

Suggested Citation

  • Rindra Tsiferana Rajaonson, 2024. "Volatilité Du Taux De Change Et Investissement Direct Etranger A Madagascar," Post-Print hal-05553174, HAL.
    • Handle: RePEc:hal:journl:hal-05553174
    Note: View the original document on HAL open archive server: https://hal.science/hal-05553174v1
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    References listed on IDEAS

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