Threshold effects in the capital account liberalization and foreign direct investment relationship
Joint Authors
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2014, Issue 825-900 (31 Dec. 2014), pp.1-20, 20 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2014-12-31
Country of Publication
Egypt
No. of Pages
20
Main Subjects
Economics & Business Administration
Topics
Abstract AR
تبحث هذه الورقة في آثار تحرير حساب رأس المال (CAL) على الاستثمار الأجنبي المباشر (FDI).
نستخدم النظام المعمم - (GMM) لنموذج ديناميكي لعينة من 14 بلدا في الشرق الأوسط من عام 1985 إلى عام 2009.
و نجد أدلة جديدة على أن الدول التي تكون قادرة على جني ثمار سياسة الانفتاح في رأس المال تلبى شروط معينة فيما يتعلق بمستوى التنمية المالية وجودة المؤسسات.
نتائجنا ذات الصلة لدول الشرق الأوسط و التي تشير إلى أن العديد منهم قد تشارك في عملية تحرير رأس المال، لديهم ضعف في المؤسسات و إطار مالي غير مناسب.
Abstract EN
This paper examines the effects of capital account liberalization (CAL) on Foreign Direct Investment (FDI).
We use the System Generalized-Method-of-Moments (GMM) estimator developed for the dynamic panel model for a sample of 14 Middle East countries from 1985 to 2009.
We find new evidence that countries that are able to reap the benefits of the capital openness policy satisfy certain threshold conditions regarding the level of financial development and institutional quality.
Our results are relevant for Middle East countries since many of them have engaged in a process of liberalization, have weak institutions and an inappropriate financial framework.
American Psychological Association (APA)
Gammoudi, Muna& Sharif, Mundhir. 2014. Threshold effects in the capital account liberalization and foreign direct investment relationship. Economic Research Forum : Working Paper Series،Vol. 2014, no. 825-900, pp.1-20.
https://search.emarefa.net/detail/BIM-428210
Modern Language Association (MLA)
Gammoudi, Muna& Sharif, Mundhir. Threshold effects in the capital account liberalization and foreign direct investment relationship. Economic Research Forum : Working Paper Series No. 825-900 (2014), pp.1-20.
https://search.emarefa.net/detail/BIM-428210
American Medical Association (AMA)
Gammoudi, Muna& Sharif, Mundhir. Threshold effects in the capital account liberalization and foreign direct investment relationship. Economic Research Forum : Working Paper Series. 2014. Vol. 2014, no. 825-900, pp.1-20.
https://search.emarefa.net/detail/BIM-428210
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 15-20
Record ID
BIM-428210
