Title: Some new insights into FDI determinants in MENA countries: an application of a spatial panel data model
Authors: Nathapornpan Piyaareekul Uttama, Nicolas Peridy
Addresses: School of Management, Mae Fah Luang University, 333 Moo 1 Tasud, Muang, Chiang Rai 57100, Thailand. ' Universite du Sud (LEAD, France), UFR Sciences Economiques et Gestion, Avenue de l'Universite, BP 20132, F-83957 La Garde, Cedex, France
Abstract: On the basis of recent theoretical developments of complex Foreign Direct Investment (FDI), this paper is aimed at shedding light on the new aspects of FDI determinants in MENA countries. An empirical application with a spatial panel data model shows that both bilateral and third-country FDI variables are significant for explaining FDI inflows in MENA countries. In addition, export platform FDI is found to be widely used as an FDI strategy. These results have major economic and policy implications, especially with regard to the education policy and the economic integration process in the MENA region.
Keywords: FDI variables; FDI inflows; foreign direct investment; MENA countries; spatial econometrics; emerging economies; education policy; economic integration; Middle East; North Africa.
International Journal of Economic Policy in Emerging Economies, 2010 Vol.3 No.4, pp.314 - 329
Published online: 19 Dec 2010 *Full-text access for editors Access for subscribers Purchase this article Comment on this article