Rôle de la stabilité politique dans la promotion de l’investissement direct étranger en Afrique du Nord
Keywords:
Stabilité politique, Investissement direct étranger, Afrique
Abstract
La stabilité politique a connu récemment un regain d’intérêt pour la manière dont elle affecte les décisions des investisseurs étrangers dans de nombreux pays en Afrique du Nord . L’objectif de cet article est de mettre en évidence le rôle crucial qu’elle joue dans l’attractivité des investissements directs étrangers, et d’analyser l’environnement politique des pays de cette région. Ainsi, à travers une évaluation empirique des données de panel, et selon le test d’Hausman, le modèle à effets fixes demeure le plus adapté pour notre analyse. Il a, ainsi, été conclu que la stabilité politique a un lien significatif et positif avec l’attractivité des investissements directs étrangers dans les cinq pays étudiés.
Recently, political stability has seen a resurgence of interest in how it affects the decisions of foreign investors in many countries in North Africa. The objective of this article is to highlight the crucial role it plays in the attractiveness of foreign direct investment, and to analyze the political environment of the countries of this region. Thus, through an empirical evaluation of the panel data, and according to the Hausman test, the fixedeffects model remains the most suitable for our analysis. It was thus concluded that political stability has a significant and positive link with the attractiveness of foreign direct investment in the five countries studied.
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References
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2. African Development Bank Group, (2019), Perspectives économiques en Afrique du Nord 2019.
3. Aharoni, Y. (1966). The foreign investment decision process. Boston: Division of Research, Graduate School of Business Administration, Harvard University.
4. Akhtar, M. H. (2000). The determinants of foreign direct investment in Pakistan: An econometric analysis. The Lahore Journal of Economics, 5(1), 1-22.
5. Alaya M, (2004), Investissement direct étranger et croissance économique: Le cas de la Tunisie, C.E.D, Université Montesquieu-Bordeaux IV
6. Amin, M (2014), Foreign Direct Investment and Economic Growth Literature Review from 1994 to 2012, Procedia Social and Behavioral Sciences, Volume 129, 15 May 2014, Pages 206-213, Available at: http://www.sciencedirect.com/ science/article/pii/S187704281402850X
7. Basi, R. (1966). Determinants of US direct investment in foreign countries. Kent, OH: Kent University Press.
8. Bauer, Raymond A., (1967), Ithiel de Sola Poole, and Lewis Anthony Dexter. American Business and Public Policy. New York: Atherton
9. Blaydes, L, (22 Avril 2019), Challenges to Stability in Egypt, Hoover Institution, Spring Series, Issue 519.
10. Blemmion, S. (2010). A review of the empirical literature on FDI determinants. Atlantic economic review. Austria press. Australia
11. Eljarh, M, (2018), The Libyan Crisis: Internal Barriers to Conflict Resolution and the Role of Multilateral Eljarh, M, (2018), The Libyan Crisis: Internal Barriers to Conflict Resolution and the Role of Multilateral Cooperation
12. Enders, W., Sachsida, A., & Sandler, T. (2006). The impact of transnational terrorism on US foreign direct investment. Political Research Quarterly, 59(4), 517-531
13. EuroMed Droit, (2021), Proceedings from the HRDC consortium webinars Compiled and edited by Luis Martinez & Rasmus Alienus Boserup.
14. Forum économique mondial. (2018). The Global Competitiveness Report 2017–2018
15. Gani, A., & Al-Abri, A. S. (2013). Indicators of business environment, institutional quality and foreign direct investment in Gulf Cooperation Council (GCC) countries. International Review of Applied Economics, 27(4), 515-530.
16. Gani, A., & Al-Abri, A. S. (2013). Indicators of business environment, institutional quality and foreign direct investment in Gulf Cooperation Council (GCC) countries. International Review of Applied Economics, 27(4), 515-530.
17. Grewal, S, (22 Janvier 2021), Ten years in, Tunisian democracy remains a work in progress, Order from Chaos
18. Groznykh, R , Mariev, O , Plotnikov, S , Fominykh, M, (2020), The role of political stability in foreign direct investment attraction: cross-country analysis, Cbu International Conference On Innovations In Science And Education 2020 (Economics And Business), Prague, Czech Republic
19. Hur, J., Parinduri, R. A., & Riyanto, Y. E. (2011). Cross‐Border M&A inflows and quality of country governance: Developing versus developed countries. Pacific Economic Review, 16(5), 638-655.
20. Kim, H. (2010). Political stability and foreign direct investment. International Journal of Economics and Finance, 2(3), 59-71
21. Lucas, Robert E., Jr. (1990). Why does not Capital Flow from Rich to Poor Countries. American Economic Review 80: 92–6
22. Lucke, N., & Eichler, S. (2016). Foreign direct investment: The role of institutional and cultural determinants. Applied Economics, 48(11), 935-956.
23. Luiz, J. M., & Ruplal, M. (2013). Foreign direct investment, institutional voids, and the internationalization of mining companies into Africa. Emerging Markets Finance and Trade, 49(4), 113-129.
24. Morrissey, O., & Udomkerdmongkol, M. (2012). Governance, private investment and foreign direct investment in developing countries. World Development, 40(3), 437-445.
25. OCDE (2018), États de fragilité 2018, Éditions OCDE, Paris. https://doi.org/10.1787/9789264308916-fr
26. Okafor, G. (2015). Locational determinants of us outward FDI into Sub-Saharan Africa. The Journal of Developing Areas, 49(1), 187-205.
27. Rashid, M., Looi, X. H., & Wong, S. J. (2017). Political stability and FDI in the most competitive Asia Pacific countries. Journal of Financial Economic Policy, 9(02), 140- 155.
28. Sachwald, F, (1995), Politique étrangère, 60(3), 776-778. Retrieved September 5, 2021, from http://www.jstor.org/stable/42713464
29. Salako, H. A., & Adebusuyi, B. S. (2001). Determinants of foreign direct investment (FDI) in Nigeria: An empirical investigation. CBN Economic and Financial Review, 39(1), 20- 39.
30. See Cook, S. A. (2007). Ruling but not governing: The military and political development in Egypt, Algeria, and Turkey. The John Hopkins University Press.
31. Serrano, F, (17 Fevrier 2021), Two years after the start of Algeria’s popular uprising, the regime is far from stable
32. Spencer Feingold, (29 Août 2018), Egypt’s President Sisi Ratifies New Internet Control Law, CNN.
33. UNDP, (2015), Instability and Insecurity in Libya.
34. Vernon, R., (1974), The Location of Economic Activity,in Economic Analysis and the Multinational Enterprise, ed. by John H. Dunning (London: Allen and Unwin)
35. Wernick, D. A., Haar, J., & Singh, S. (2009). Do governing institutions affect foreign direct investment inflows? New evidence from emerging economies. International Journal of Economics and Business Research, 1(3), 317-332.
36. World Bank (1996). Governance. World Bank, Washington, DC. Retrieved from www.worldbank.org/governance/wgi/pdf/pv.pdf.
37. World Bank, (2011), Middle East and North Africa: Investing for Growth and Jobs, Economic Developments and Prospects Report, Office of the Chief Economist, Middle East and North Africa, the World Bank.
38. World Bank, (2013), Jordan Competitiveness and Innovation Partnership: Promoting Reforms at the National and Sectoral Levels, Finance and Private Sector Development, Middle East and North Africa, the World Bank
39. Yang, J. H., Wang, W., Wang, K. L., & Yeh, C. Y. (2018). Capital intensity, natural resources, and institutional risk preferences in Chinese outward foreign direct investment. International Review of Economics & Finance, 55, 259-272.
Published
2021-11-30
How to Cite
Abdelkader, E. K., & Imane, Z. B. (2021). Rôle de la stabilité politique dans la promotion de l’investissement direct étranger en Afrique du Nord. European Scientific Journal, ESJ, 17(38), 181. https://doi.org/10.19044/esj.2021.v17n38p181
Section
ESJ Social Sciences
Copyright (c) 2021 El Khider Abdelkader, Zerouali Boukhal Imane
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
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