تلخیص
This paper aims to explore the relationship between foreign
direct investment (FDI) in Egypt, as a dependent variable, and
selected economic and institutional determinants for the period
(1996-2018). The work attempts to bridge the gap created by
previous empirical literature that failed to focus on critical
institutional determinants of FDI in developing countries,
especially governance-related determinants. The study used the
autoregressive distributed lag model (ARDL); to test the
Cointegration relationship between FDI and its determinants.
Besides, the error correction model (ECM) was used to explore
the short-run relationship. In light of applying the ARDL
approach, the study concluded that while both market size and
regulatory quality stimulated FDI, the latter has been negatively
affected by the real exchange rate and government
effectiveness. Moreover, the study revealed that in the shortrun, both regulatory quality and control of corruption induced
FDI in Egypt. These findings shed light on the crucial role that
institutional factors can play in creating a more favorable FDI
climate in Egypt.
Bahy Mohamed Yassin, Fakhry Elfiky, Nadia El Nimer. (2020) The Role of Institutional Determinants in Attracting Foreign Direct Investment to Egypt: Empirical Study, , Volume-14, Issue-3.
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