Does Economic Freedom Enhance the Impact of Foreign Direct Investment on Economic Growth in North African Countries? A Panel Data Analysis

被引：42

作者：

Zghidi, Nahed ^{[1
]}

Mohamed Sghaier, Imen ^{[1
]}

Abida, Zouheir ^{[1
]}

机构：

[1] Univ Sfax, Sfax, Tunisia

来源：

AFRICAN DEVELOPMENT REVIEW-REVUE AFRICAINE DE DEVELOPPEMENT | 2016年 / 28卷 / 01期

关键词：

INSTITUTIONS; SPILLOVERS; GOVERNANCE;

D O I：

10.1111/1467-8268.12167

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This article investigates the causal interactions between foreign direct investment (FDI), economic freedom and economic growth on a panel of four North African countries (Tunisia, Morocco, Algeria and Egypt), over a 5-year period from 1980 to 2013. Using the System Generalized Method of Moments (GMM) in a panel data analysis, we found strong evidence of a positive link between FDI and economic growth. We also found that economic freedom appears to be working as a complement to FDI and that the effect of FDI is more pronounced in the presence of the economic freedom variable. This means that the countries which promote greater freedom of economic activities benefit more from the presence of multinational corporations (MNCs).

引用

页码：64 / 74

页数：11

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