Risky Business

• Tác giả: Martijn Burger
• Ngôn ngữ: eng
• Ký hiệu phân loại: 338.64 Size of enterprises
• Thông tin xuất bản: Published by Oxford University Press on behalf of the World Bank, 2018
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 297572
• Chủ đề: 1. FOREIGN DIRECT INVESTMENT; 2. POLITICAL INSTABILITY; 3. RESOURCE DEPENDENCE; 4. SHOCKS

Tóm tắt

Which foreign direct investments are most affected by political instability? Analysis of quarterly greenfield investment flows into countries in the Middle East and North Africa during the period from 2003 to 2012 shows that adverse political shocks are associated with significantly reduced investment inflows in the non-resource tradable sectors. By contrast, investments in natural resource sectors and non-tradable activities appear insensitive to such shocks. Political instability is thus associated with increased reliance on non-tradables and aggravated resource dependence.