Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54069
Authors: 
Mina, Wasseem Michel
Year of Publication: 
2011
Series/Report no.: 
Working paper // World Institute for Development Economics Research 2011,50
Abstract: 
The paper revisits the policy debate on institutional reform approaches to property rights protection and empirically examines it in the context of FDI flows to the Middle East and Northern Africa region (MENA).Using panel data on 11 MENA countries for the period 1991-2007 and adopting feasible generalized least squares estimation methodology, the paper finds a positive influence of improvement in the risk of investment expropriationin non-Gulf Cooperation Council (GCC) MENA countries and of bilateral investment treaties (BITs) in GCC countries. The joint influence of domestic institutional functions and BITs is positive in specifications containing investment expropriation risk and government stability in non-GCC MENA countries, and corruption in GCC countries. Results have important policy implications for the institutional reform approach to be adopted.
Subjects: 
property rights protection
bilateral investment treaties
foreign direct investment
institutional reforms
MENA
heterogeneity
JEL: 
F21
K33
O16
O17
O19
ISBN: 
978-92-9230-417-1
Document Type: 
Working Paper

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