Suchergebnisse

Purpose– This study aims to examine the factors affecting the foreign direct investment (FDI) and foreign portfolio investment (FPI) flows among the 16 economies comprising the Middle East and North African (MENA) region.Design/methodology/approach– Panel data for the period 1984-2012 are used, and the generalized method of moment (GMM) technique is implemented.Findings– The results support the agglomeration effect, which indicates that countries which have already had FDI attract more FDI in the future. Economic risk affects FDI significantly and negatively, whereas trade openness has a significant and positive impact on FDI. Of the political risk factors considered, three of them, namely, law and order, ethnic tension and internal conflict, significantly affect FDI. The results on FPI show that the lag in FPI and the degree of openness play a significant role in attracting FPI into the MENA region. In addition, stock market capitalization, as well as the return on investment affects the FPI flow positively. The study also reveals a negative government structure impact on FPI, whereas, surprisingly, religious tension in the MENA region affects FPI positively.Originality/value– This research examines, simultaneously, the factors that determine not only FDI but also FPI flow. It uses a powerful econometric technique which avoids common estimation problems such as endogeneity, heteroskedasticity and autocorrelation. Policymakers in the MENA region recognized the need for outside capital as a major catalyst of development, economic growth and modernization. Therefore, it is essential to know the factors that would lead to a surge in capital flow to these countries.

We examine the role of spatial spillovers in economic growth for the Middle East and North Africa (MENA) region. We explicitly model spatial interactions that may arise from geography, bilateral trade, or institutional similarities, and ask how much they are likely to matter for growth externalities and spillover effects. We find that the economic growth of a MENA country is positively affected by the economic growth of countries that are geographically close and that have similar institutional characteristics. The spillover effects of growth are due to economic activities in countries that trade primarily in oil, which accounts for the gap in spillover effects due to institutional similarity between resource‐rich and resource‐poor countries in the MENA region. However, trade linkages matter less. Where they do have an effect, it is through the local range effects of a spatially lagged explanatory variable capturing the effects of the trade balance on growth.

Focusing on the Middle East and North Africa (MENA) region, which comprises some of the world's richest countries next to some of the poorest, this book offers excellent insights into the discriminatory consequences of the COVID-19 pandemic. With a geographic focus on the MENA region, the multidisciplinary case studies collected in this edited volume reveal that the coronavirus's impact patterns are a question of two variables: governance performance and socioeconomic potency. Given the global, unprecedented, complex, and systemic nature of COVID-19 – and its long-term implications for societies, governments, international organisations, citizens and corporations – this volume entails a relevance to regions undergoing similar dynamics. Analyses in the book, therefore, have implications for the comparative study of the pandemic and its impact on societies around the globe. Understanding related dynamics and implications, and making use of lessons learned, are a pathway to deal with future similar crises. Questions covered in the volume are relevant to geopolitics, social implications and the relations between political leaders and citizens as beings embedded in various strategies of communication. The volume will appeal to scholars of international politics, political science, risk or crisis governance, economics and sociology, human rights and security, political communication and public health.

Focusing on the Middle East and North Africa (MENA) region, which comprises some of the world's richest countries next to some of the poorest, this book offers excellent insights into the discriminatory consequences of the COVID-19 pandemic. With a geographic focus on the MENA region, the multidisciplinary case studies collected in this edited volume reveal that the coronavirus's impact patterns are a question of two variables: governance performance and socioeconomic potency. Given the global, unprecedented, complex, and systemic nature of COVID-19- and its long-term implications for societies, governments, international organisations, citizens and corporations - this volume entails a relevance to regions undergoing similar dynamics. Analyses in the book, therefore, have implications for the comparative study of the pandemic and its impact on societies around the globe. Understanding related dynamics and implications, and making use of lessons learned, are a pathway to deal with future similar crises. Questions covered in the volume are relevant to geopolitics, social implications and the relations between political leaders and citizens as beings embedded in various strategies of communication. The volume will appeal to scholars of international politics, political science, risk or crisis governance, economics and sociology, human rights and security, political communication and public health.

The utilization of electricity-based fuels (e-fuels) is a potential strategy component for achieving greenhouse gas neutrality in the European Union (EU). As renewable electricity production sites in the EU itself might be scarce and relatively expensive, importing e-fuels from the Middle East and North Africa (MENA) could be a complementary and cost-efficient option. Using the energy system model Enertile, supply curves for hydrogen and synthetic methane in the MENA region are determined for the years 2030 and 2050 to evaluate this import option techno-economically. The model optimizes investments in renewable electricity production, e-fuel production chains, and local electricity transport infrastructures. Analyses of renewable electricity generation potentials show that the MENA region in particular has large low-cost solar power potentials. Optimization results in Enertile show for a weighted average cost of capital of 7% that substantial hydrogen production starts above 100 €/MWhH2 in 2030 and above 70 €/MWhH2 in 2050. Substantial synthetic methane production in the model results starts above 170 €/MWhCH4 in 2030 and above 120 €/MWhCH4 in 2050. The most important cost component in both fuel production routes is electricity. Taking into account transport cost surcharges, in Europe synthetic methane from MENA is available above 180 €/MWhCH4 in 2030 and above 130 €/MWhCH4 in 2050. Hydrogen exports from MENA to Europe cost above 120 €/MWhH2 in 2030 and above 90 €/MWhH2 in 2050. If exported to Europe, both e-fuels are more expensive to produce and transport in liquefied form than in gaseous form. A comparison of European hydrogen supply curves with hydrogen imports from MENA for 2050 reveals that imports can only be economically efficient if the two following conditions are met: Firstly, similar interest rates prevail in the EU and MENA; secondly, hydrogen transport costs converge at the cheap end of the range in the current literature. Apart from this, a shortage of land for renewable electricity generation in ...

The concept of upgrading is new in the economic literature, very few theorists are focused on explaining this concept, but all agreed on the relationship of upgrading with the competitiveness of companies. In the context of increasingly competitive environment the countries of the MENA regions including Algeria, Egypt, Tunisia and Morocco have established several programs to upgrade their businesses. Efforts to revitalize these programs have nevertheless been undertaken in recent years, raising hopes for a favorable impact on the competitiveness of companies. Moreover, we can say that the Tunisian upgrade program is called successful due to the involvement of his government and the importance given to vocational training. Conversely, Morocco seems to have adopted a more liberal approach, its government seeks to act on market imperfections. The Egyptian program is highly structured, with strong government control and intervention of two foreign bodies, the EU and UNIDO. The pre-selection of intervention areas is also an Egyptian specificity, as well as the payment of an incentive amount for each company.