The Role of Transportation in Attracting FDI Inflows: Empirical Evidence from MENA Countries

نوع المستند : تجاریة کل ما یتعلق بالعلوم التجاریة

المؤلف

كلية النقل الدولي واللوجستيات- الاكاديمية العربية للعلوم والتكنولوجيا والنقل البحري

المستخلص

The current study investigated transportation role in attracting FDI inflows to MENA region, from 2000 to 2020. An investigation is carried out focusing on the impact of different transportation modes (Air, maritime, and road) on attracting FDI. The analysis employed econometrics techniques based on the ARDL approach specified after data investigation. Two models are estimated using Cross sectional- error correction model CS-ECM and bias error correction Jackknife model. The results found a positive significance of air and maritime transport at both short and long-run, also, positive significance of lagged FDI values that shows existence of dynamism in FDI, clarifying the importance of incremental gained information about host countries and investment opportunities. Further analysis of bi-variate causal relationships among transportation, market size and FDI inflows carried out using Dumitrescu and Hurlin (2012), which found bi-directional relationships between each of maritime, air, and road transport, as well as, market size, with FDI. The results show importance of transportation development as an integral part of FDI strategies for attracting FDI, particularly to MENA countries, which should be taken into consideration in future strategies and policies.

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