Determinants of foreign direct investment in Tunisia: Empirical assessment based on an application of the autoregressive distributed Lag model
Journal Title: Economics, Management and Sustainability - Year 2017, Vol 2, Issue 1
Abstract
In recent years, the changing economic and political environment in Tunisia led to a renewed interest on the drivers of foreign direct investment, given its potential important gains. In this study, we investigated the impact of various factors over the period 1980-2012. In doing this, three categories of determinants were considered: economic, political and sociocultural variables. Empirical findings drawn from the autoregressive distributed lag bounds testing approach show that variation in foreign direct investment inflow in the short-run and long-run is affected by the majority of variables considered, except exchange rate, urban population and gross domestic savings. As a matter of policy, it is essential that government should continue its efforts to create a macroeconomic environment which is attractive to foreign direct investment.
Authors and Affiliations
Teheni El Ghak, Abdelkader Zribi, Nadia Zrelli, Hazar Temmi
Keywords
Related Articles
- EP ID EP223929
- DOI 10.14254/jems.2017.2-1.4
- Views 110
- Downloads 0
The evaluation of effective criteria on site selection for energy production units from cellulosic biomass in Iran
Both Analytical Hierarchy Process (AHP) and benefits, opportunities, costs and risks (BOCR) techniques were used successfully to evaluate the effective criteria on site selection for energy production unit development fr...
The ranking of insurance companies from Romania based on multicriterial analysis
The article is based on a wider study conducted by the author, on a sample of 10 of the most long-lived insurance companies, with different levels of gross premiums charged, activating on the Romanian insurance market. S...
Determining effective criteria on sustainable development of fluting paper making industry
Fluting paper industry seems to be significant from environmental view point. Accordingly, study on sustainable development criteria in this sector of Iran’s industry is regarded as a national necessity. The intent of th...
European economies suffer a crisis of combination
In Europe, where the financial crisis was transformed into national debt crises in several countries, the current phase of the denial cycle marked by an official policy approach predicated on the assumption that normal r...
The capital structure of mature French SMEs and impact of the great recession: A dynamic panel data analysis (2002-2010)
Two main theories of the capital structure are tested upon a balanced panel dataset of 2,370 French SMEs during nine years over the period 2003-2007 and the period 2008-2010, assessing the impact of the 2008 crisis accor...