Economic diplomacy of developed countries and its impact on FDI flows toMorocco ; La diplomatie économique des pays développés et son impact sur les flux des IDE au Maroc
International audience ; Since 2007, the majority of FDI flows to Morocco, an average of 74%, have come fromdeveloped countries. This reality of FDI in Morocco leads to questions about the determinantsof its attractiveness. In fact, the location of multinational firms could emanate either from arational choice based on the advantages of Morocco, or from a systemic choice linked to theeconomic policy of the countries and their economic diplomacy. In our paper, we have triedto answer the question: What is the relationship between the economic diplomacy ofdeveloped countries and FDI flows to Morocco?In order to provide theoretical insight on our main question, and in the face of this relativereality on the determinants of FDI flows, we have opted for scientific realism as anepistemological position, and the hypothetico-deductive approach as a research approach.A review of the literature has allowed us to explain the flow of FDI to Morocco by thecomponents of economic diplomacy, like the need for fiscal adjustment in developedcountries and the military power of the latter on an international scale.To study our research hypotheses, we constructed a sample of panel data from 2007 to 2020(T=14) covering 6 original developed countries (France, Netherlands, Germany, Italy, Canadaand Sweden). As data sources, we used statistics from the University of Sherbrooke, datafrom Organisation for Economic Cooperation and Development, and data from MoroccanExchange Office. With the existence of longitudinal data that are represented by a doubledimension: individual and temporal, we are obliged to pass by an empirical analysis of thedata by using panel data econometrics. The procedure followed to achieve this technique iscomposed of three steps. The first step is to determine the panel structure using a sequentialtesting procedure. Then in the second step, calculate the VIF (variance inflation factor) toavoid multicollinearity, and in the third step, use the estimation method related to the result ofthe procedure.The study conducted ...