الاستثمار الأجنبي المباشر و دوره في نمو القطاع الصناعي المصري : دراسة قياسية للفترة 1977-2017

Abstract EN

Foreign direct investment is an important factor in achieving the economic growth of all countries of different types This study aims to study the role of foreign direct investment in the growth of the industrial sector in Egypt for the period from 1977 to 2017.

To achieve this objective we analyze the long-term relationship between the following variables : the added value of the industrial sector as a percentage of GDP as a dependent variable and foreign direct investment and domestic investment as independent variables (all as a percentage of GDP).

The JOHMS method was used, as well as VECM.

The results of the study showed that foreign direct investment had an insignificant negative impact on industrial sector in Egypt, an insignificant positive effect for domestic investment on the growth of the industrial sector in the short run with a significant relationship from independent variables to industrial output in the long- run.

The study recommended that the government should shift its focus and guidance from the extractive sector (petroleum and natural gas) To the manufacturing sector because there is an increase in domestic production and consequently in the added value of the national economy and increase exports and reduce imports.

Also, there is a need to improve strategies to enhance the competitiveness of the Egyptian industrial sector in attracting foreign direct investment.