bouoiyour, jamal (2007): The Determining factors of foreign firect investment in Morocco. Published in: SAVING and DEVELOPMENT No. Issue 1 (2007): pp. 91-105.
Download (311Kb) | Preview
Using an econometric model, this paper investigates the determining factors of foreign direct investment (FDI) in Morocco from 1960 to 2000. During this period Morocco was one of the most important recipients of FDI inflows in the Middle East and North African. This period is characterized by the adoption of the adjustment plan of 1983 - and the accompanying complementary measures relating a more open and flexible economy - that ushered in a radical change in Moroccan’s strategy of economic development. We use an empirical model using some macro-economic variables, which allows us to obtain a general characterization of FDI in Moroccan economy.
|Item Type:||MPRA Paper|
|Original Title:||The Determining factors of foreign firect investment in Morocco|
|Keywords:||foreign direct investment, labour cost, human capital, real exchange rate, openness, Morocco|
|Subjects:||F - International Economics > F2 - International Factor Movements and International Business > F23 - Multinational Firms; International Business
F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment; Long-Term Capital Movements
|Depositing User:||jamal bouoiyour|
|Date Deposited:||02. Mar 2012 20:29|
|Last Modified:||14. Feb 2013 01:19|
Alessandrini, S., (2000), “FDI in the MENA region”, Third Mediterranean Development Forum, Cairo, 5-8 march.
Bajo-Rubio, O. and Lopez-Pueyo C., (2002). “Foreign direct investment: The Case of Spanish manufacturing, 1986-1992”. Journal of Economic Integration, 17, 85-103.
Benassy, A., Larche-Revil A., Fontagné L ., (2000). “MENA countries in the competition for FDI: Designing an exchange rate strategy”. International Seminar GDR-EMMA , Commissariat du Plan. 2000/01/23. Paris.
Borensztein, E., De Gregorio J., Lee J-W, (1998). “How does foreign direct investment affect economic growth?” Journal of International Economics 45, 115-135.
Bouoiyour, J. (2003 a.), “Trade and GDP Growth in Morocco: Short-run or Long-run Causality?” Forthcoming in Brazilian Journal of Business and Economics.
Bouoiyour, J. (2003 b.), “Labour Productivity, Technological Gap and Spillovers: Evidence From Moroccan Manufacturing Industries” mimeo CATT. University of Pau.
Bouoiyour, J. and S. Rey (2002), “Exchange rate regime, real exchange rate, trade flows and foreign direct investments: the case of Morocco”, paper presented in First Spring University of Mediterranean Economies and Arab World, Tangier 25, 26 et 27 avril 2002.
Bouoiyour, J., Bennaghmouch S. (1998). “Education Choice and economic growth in Morocco”. Mimeo. LIHRE-CNRS, Toulouse –University.
Bouoiyour, J., Hattab-Christmann M., (1994). “Les flux d’investissements directs étrangers au Maroc” . Annales Marocaines d’Economie, 8, 150-171.
Caves, R.E., (1974), “Multinational firms, competition, and productivity in host-country markets”, Economica, 41, 162 (May), pp. 176-193.
Dunning, J.H., (1974). Economic analysis and the Multinational Enterprise. Allen & Unwin.
Dunning, J.H., (1980). “Toward an eclectic theory of internal production : some empirical test”. Journal of international Business Studies, 11, 9-31.
Dunning, J.H., (1993). “Multinational Enterprises and the Global Economy”. Addison Wesley.
Economic Research Forum (2002), “Economic trends in the MENA region”. http://www.erf.org.eg/html/trends02.asp. European Commission, (1997). “Second European Report on Science and Technology Indicators”. EUR 17639. Brussels , December 1997.
Haddad, M., Harrison A., (1993). “Are there positive spillovers from direct foreign investment ? Evidence from panel data for Morocco”, Journal of Development Economics 42, 51-74.
Helpman, E., (1984), “A simple theory of international trade with multinational corporations”, Journal of Political Economy, 9, 51-471.
Helpman, E., and Krugman, P. R., (1985), “Market structure and foreign trade: Increasing returns, imperfect competition, and the international economy”, The MIT Press, Cambridge, MA.
Kamaly A., (2002), “Evaluation of FDI flows into the MENA region”, 9th Annual Conference of ERF, Sharjah. Lucas, R. E., (1988). “On the mechanics of economic development”, Journal of Monetary Economics, 22, 3-42.
Mann, C. L., (1993). “Determinants of Japanese direct investment in US manufacturing industries”, Journal of International Money and Finance, 12, 523-541.
Markusen, J. R., and Venables, A. J., (1998); “Multinational firms and the new trade theory”, Journal of International Economics, 46, 183-203.
Martin C., Veazquez F. J., (1997). “The determining factors of foreign direct investment in Spain and the rest of OECD : lessons for the CEECS”. CEPR, 1937.
Menegaldo F. (2000), “Ouverture et investissements directs étrangers dans les stratégies de développement au sud de la Méditerranée”, Colloque EMMA, 22-23 septembre Bari.
Meyer K. E. (2003), “FDI spillovers in emerging markets: A literature review and new perspectives”, mimeo, Copenhagen Business School.
Ray, E. J., (1989). “The determinants of foreign direct investment in the United State”, 1979-85, in Robert C. Feenstra (ed.) Trade policies for international competitiveness, The University of Chicago Press, Chicago, 53-77.
Toufik S. (2003), “Investissement direct étranger et spillovers technologiques: Cas des industries manufacturières marocaines”. Thèse en sciences économiques, Université de Toulouse 1.
Wells (1998), “Multinational and the development countries”, Journal of International Business Studies, 29 (1), 101-114.
World Bank (2002), “Moroccan manufacturing sector at the turn of the century”. FACS-MOROCCO 2002.
Zhang, K. H., and Markusen J. R., (1999). “Vertical multinationals and host-country characteristics”, Journal of Development Economics 59, 233-252.
Available Versions of this Item
- The Determining factors of foreign firect investment in Morocco. (deposited 02. Mar 2012 20:29) [Currently Displayed]