أثر الحوكمة الجيدة على الاستثمار الأجنبي المباشر في دول شمال إفريقيا للفترة (2016-1996)‎ : دراسة قياسية باستعمال نموذج الانحدار الذاتي بالتأخيرات الموزعة على معطيات بانل

Abstract EN

This paper examines the effects of the six components of good governance on foreign direct investment (FDI) inflows in North Africa countries during the period 1996-2016 using a Panel ARDL model.

The results showed that all the effects of governance indicators are insignificant in the short term.

In other words, governance does not contribute to attracting foreign investment in the short term.

In contrast to the long term, the effects are statistically significant.

Where the indicators of the Government Effectiveness, political stability, control of corruption and Voice and Accountability by negative signal there is an inverse relationship between these indicators and foreign direct investment and this due to several reasons, including the political and security situation in the region during the study period, while the rule of law indicator and regulatory quality came as positive as expected.

It can be said that there are determinants not included in the study are more important in interpreting foreign direct investment movement in North African countries than governance.