The impact of corruption on FDI: is MENA an exception?
The eruption of the Arab Spring in Tunisia and Egypt was ensued by deterioration in FDI inflows. Whether a new Middle East free of corruption accompanying previous dictatorships will offset the negative ramifications of the uprisings and enhance FDI in the long run remains debatable. Since the evide...
Gespeichert in:
| Veröffentlicht in: | International review of applied economics 2013-07, Vol.27 (4), p.491-514 |
|---|---|
| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 514 |
|---|---|
| container_issue | 4 |
| container_start_page | 491 |
| container_title | International review of applied economics |
| container_volume | 27 |
| creator | Helmy, Heba E. |
| description | The eruption of the Arab Spring in Tunisia and Egypt was ensued by deterioration in FDI inflows. Whether a new Middle East free of corruption accompanying previous dictatorships will offset the negative ramifications of the uprisings and enhance FDI in the long run remains debatable. Since the evidence on the causal relationship between corruption and FDI is inconclusive, this study attempts to take another step. The paper investigates the link between corruption and FDI flows to the Middle East and North Africa (MENA) and assesses whether or not corruption has more importance than other FDI determinants. By employing several panel settings with various econometric specifications on 21 MENA countries over the period 2003 to 2009, it is demonstrated that FDI varies positively with corruption. Additionally, FDI in MENA was found to vary positively with per capita income, openness, freedom and security of investments and negatively with the tax and homicide rates. Since corruption was not found to hinder FDI inflows, treating corruption should be based on sound legal procedures that infringe neither on the rights, freedom and security of FDI nor on the degree of openness and freedom of the economy, which are the real stimulants of FDI in MENA. |
| doi_str_mv | 10.1080/02692171.2012.752445 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_1418268559</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>3038691871</sourcerecordid><originalsourceid>FETCH-LOGICAL-c498t-ea5eeb6c431437c3c03d1b5abb3eaa079899646c197347120056835d4acff29a3</originalsourceid><addsrcrecordid>eNqN0U1LwzAYB_AgCs7pN_BQ8OKlM-8vXsaYmwpTL_Mc0izFjrapSYfu29tavXiQQeA55Pf84eEPwCWCEwQlvIGYK4wEmmCI8EQwTCk7AiNEOUsJlfwYjHqS9uYUnMW4hRBiKtQI8PWbS4qqMbZNfJ5YH8KuaQtfJ91b3j3eJkVMnhbPs8TUifu07vtzeg5OclNGd_Ezx-B1uVjPH9LVy_3jfLZKLVWyTZ1hzmXcUoIoEZZYSDYoYybLiDMGCiWV4pRbpAShAmEIGZeEbaixeY6VIWNwPeQ2wb_vXGx1VUTrytLUzu-iRpR2ERQSeRAVAnMiDqBIcQWhUh29-kO3fhfq7uZeScwlY72ig7LBxxhcrptQVCbsNYK6r0j_VqT7ivRQUbc2HdaKOvehMh8-lBvdmn3pQx5MbYuoyb8JX5cSktM</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1418268559</pqid></control><display><type>article</type><title>The impact of corruption on FDI: is MENA an exception?</title><source>PAIS Index</source><source>Worldwide Political Science Abstracts</source><source>Business Source Complete</source><creator>Helmy, Heba E.</creator><creatorcontrib>Helmy, Heba E.</creatorcontrib><description>The eruption of the Arab Spring in Tunisia and Egypt was ensued by deterioration in FDI inflows. Whether a new Middle East free of corruption accompanying previous dictatorships will offset the negative ramifications of the uprisings and enhance FDI in the long run remains debatable. Since the evidence on the causal relationship between corruption and FDI is inconclusive, this study attempts to take another step. The paper investigates the link between corruption and FDI flows to the Middle East and North Africa (MENA) and assesses whether or not corruption has more importance than other FDI determinants. By employing several panel settings with various econometric specifications on 21 MENA countries over the period 2003 to 2009, it is demonstrated that FDI varies positively with corruption. Additionally, FDI in MENA was found to vary positively with per capita income, openness, freedom and security of investments and negatively with the tax and homicide rates. Since corruption was not found to hinder FDI inflows, treating corruption should be based on sound legal procedures that infringe neither on the rights, freedom and security of FDI nor on the degree of openness and freedom of the economy, which are the real stimulants of FDI in MENA.</description><identifier>ISSN: 0269-2171</identifier><identifier>EISSN: 1465-3486</identifier><identifier>DOI: 10.1080/02692171.2012.752445</identifier><language>eng</language><publisher>New York: Routledge</publisher><subject>Arab Spring ; Arab states ; Corruption ; Corruption in government ; Determinants ; Dictatorship ; Econometrics ; Egypt ; fixed effects ; Foreign direct investment ; Foreign Investment ; Foreign investments ; Freedom ; Generalized method of moments ; GMM ; Homicide ; Impact analysis ; Income ; Investments ; Legal procedure ; Liberty ; Middle East ; Middle East and North Africa (MENA) ; North Africa ; panel data analysis ; Per capita income ; Rebellions ; Revolution ; Securities ; Security ; Studies ; Taxes ; Tunisia</subject><ispartof>International review of applied economics, 2013-07, Vol.27 (4), p.491-514</ispartof><rights>Copyright Taylor & Francis Group, LLC 2013</rights><rights>Copyright Taylor & Francis Ltd. 2013</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c498t-ea5eeb6c431437c3c03d1b5abb3eaa079899646c197347120056835d4acff29a3</citedby><cites>FETCH-LOGICAL-c498t-ea5eeb6c431437c3c03d1b5abb3eaa079899646c197347120056835d4acff29a3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,776,780,27842,27843,27901,27902</link.rule.ids></links><search><creatorcontrib>Helmy, Heba E.</creatorcontrib><title>The impact of corruption on FDI: is MENA an exception?</title><title>International review of applied economics</title><description>The eruption of the Arab Spring in Tunisia and Egypt was ensued by deterioration in FDI inflows. Whether a new Middle East free of corruption accompanying previous dictatorships will offset the negative ramifications of the uprisings and enhance FDI in the long run remains debatable. Since the evidence on the causal relationship between corruption and FDI is inconclusive, this study attempts to take another step. The paper investigates the link between corruption and FDI flows to the Middle East and North Africa (MENA) and assesses whether or not corruption has more importance than other FDI determinants. By employing several panel settings with various econometric specifications on 21 MENA countries over the period 2003 to 2009, it is demonstrated that FDI varies positively with corruption. Additionally, FDI in MENA was found to vary positively with per capita income, openness, freedom and security of investments and negatively with the tax and homicide rates. Since corruption was not found to hinder FDI inflows, treating corruption should be based on sound legal procedures that infringe neither on the rights, freedom and security of FDI nor on the degree of openness and freedom of the economy, which are the real stimulants of FDI in MENA.</description><subject>Arab Spring</subject><subject>Arab states</subject><subject>Corruption</subject><subject>Corruption in government</subject><subject>Determinants</subject><subject>Dictatorship</subject><subject>Econometrics</subject><subject>Egypt</subject><subject>fixed effects</subject><subject>Foreign direct investment</subject><subject>Foreign Investment</subject><subject>Foreign investments</subject><subject>Freedom</subject><subject>Generalized method of moments</subject><subject>GMM</subject><subject>Homicide</subject><subject>Impact analysis</subject><subject>Income</subject><subject>Investments</subject><subject>Legal procedure</subject><subject>Liberty</subject><subject>Middle East</subject><subject>Middle East and North Africa (MENA)</subject><subject>North Africa</subject><subject>panel data analysis</subject><subject>Per capita income</subject><subject>Rebellions</subject><subject>Revolution</subject><subject>Securities</subject><subject>Security</subject><subject>Studies</subject><subject>Taxes</subject><subject>Tunisia</subject><issn>0269-2171</issn><issn>1465-3486</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2013</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><sourceid>7UB</sourceid><recordid>eNqN0U1LwzAYB_AgCs7pN_BQ8OKlM-8vXsaYmwpTL_Mc0izFjrapSYfu29tavXiQQeA55Pf84eEPwCWCEwQlvIGYK4wEmmCI8EQwTCk7AiNEOUsJlfwYjHqS9uYUnMW4hRBiKtQI8PWbS4qqMbZNfJ5YH8KuaQtfJ91b3j3eJkVMnhbPs8TUifu07vtzeg5OclNGd_Ezx-B1uVjPH9LVy_3jfLZKLVWyTZ1hzmXcUoIoEZZYSDYoYybLiDMGCiWV4pRbpAShAmEIGZeEbaixeY6VIWNwPeQ2wb_vXGx1VUTrytLUzu-iRpR2ERQSeRAVAnMiDqBIcQWhUh29-kO3fhfq7uZeScwlY72ig7LBxxhcrptQVCbsNYK6r0j_VqT7ivRQUbc2HdaKOvehMh8-lBvdmn3pQx5MbYuoyb8JX5cSktM</recordid><startdate>201307</startdate><enddate>201307</enddate><creator>Helmy, Heba E.</creator><general>Routledge</general><general>Taylor & Francis Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7TQ</scope><scope>8BJ</scope><scope>DHY</scope><scope>DON</scope><scope>FQK</scope><scope>JBE</scope><scope>7UB</scope></search><sort><creationdate>201307</creationdate><title>The impact of corruption on FDI: is MENA an exception?</title><author>Helmy, Heba E.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c498t-ea5eeb6c431437c3c03d1b5abb3eaa079899646c197347120056835d4acff29a3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2013</creationdate><topic>Arab Spring</topic><topic>Arab states</topic><topic>Corruption</topic><topic>Corruption in government</topic><topic>Determinants</topic><topic>Dictatorship</topic><topic>Econometrics</topic><topic>Egypt</topic><topic>fixed effects</topic><topic>Foreign direct investment</topic><topic>Foreign Investment</topic><topic>Foreign investments</topic><topic>Freedom</topic><topic>Generalized method of moments</topic><topic>GMM</topic><topic>Homicide</topic><topic>Impact analysis</topic><topic>Income</topic><topic>Investments</topic><topic>Legal procedure</topic><topic>Liberty</topic><topic>Middle East</topic><topic>Middle East and North Africa (MENA)</topic><topic>North Africa</topic><topic>panel data analysis</topic><topic>Per capita income</topic><topic>Rebellions</topic><topic>Revolution</topic><topic>Securities</topic><topic>Security</topic><topic>Studies</topic><topic>Taxes</topic><topic>Tunisia</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Helmy, Heba E.</creatorcontrib><collection>CrossRef</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><collection>Worldwide Political Science Abstracts</collection><jtitle>International review of applied economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Helmy, Heba E.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The impact of corruption on FDI: is MENA an exception?</atitle><jtitle>International review of applied economics</jtitle><date>2013-07</date><risdate>2013</risdate><volume>27</volume><issue>4</issue><spage>491</spage><epage>514</epage><pages>491-514</pages><issn>0269-2171</issn><eissn>1465-3486</eissn><abstract>The eruption of the Arab Spring in Tunisia and Egypt was ensued by deterioration in FDI inflows. Whether a new Middle East free of corruption accompanying previous dictatorships will offset the negative ramifications of the uprisings and enhance FDI in the long run remains debatable. Since the evidence on the causal relationship between corruption and FDI is inconclusive, this study attempts to take another step. The paper investigates the link between corruption and FDI flows to the Middle East and North Africa (MENA) and assesses whether or not corruption has more importance than other FDI determinants. By employing several panel settings with various econometric specifications on 21 MENA countries over the period 2003 to 2009, it is demonstrated that FDI varies positively with corruption. Additionally, FDI in MENA was found to vary positively with per capita income, openness, freedom and security of investments and negatively with the tax and homicide rates. Since corruption was not found to hinder FDI inflows, treating corruption should be based on sound legal procedures that infringe neither on the rights, freedom and security of FDI nor on the degree of openness and freedom of the economy, which are the real stimulants of FDI in MENA.</abstract><cop>New York</cop><pub>Routledge</pub><doi>10.1080/02692171.2012.752445</doi><tpages>24</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0269-2171 |
| ispartof | International review of applied economics, 2013-07, Vol.27 (4), p.491-514 |
| issn | 0269-2171 1465-3486 |
| language | eng |
| recordid | cdi_proquest_journals_1418268559 |
| source | PAIS Index; Worldwide Political Science Abstracts; Business Source Complete |
| subjects | Arab Spring Arab states Corruption Corruption in government Determinants Dictatorship Econometrics Egypt fixed effects Foreign direct investment Foreign Investment Foreign investments Freedom Generalized method of moments GMM Homicide Impact analysis Income Investments Legal procedure Liberty Middle East Middle East and North Africa (MENA) North Africa panel data analysis Per capita income Rebellions Revolution Securities Security Studies Taxes Tunisia |
| title | The impact of corruption on FDI: is MENA an exception? |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-05T22%3A12%3A53IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=The%20impact%20of%20corruption%20on%20FDI:%20is%20MENA%20an%20exception?&rft.jtitle=International%20review%20of%20applied%20economics&rft.au=Helmy,%20Heba%20E.&rft.date=2013-07&rft.volume=27&rft.issue=4&rft.spage=491&rft.epage=514&rft.pages=491-514&rft.issn=0269-2171&rft.eissn=1465-3486&rft_id=info:doi/10.1080/02692171.2012.752445&rft_dat=%3Cproquest_cross%3E3038691871%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1418268559&rft_id=info:pmid/&rfr_iscdi=true |