Factores determinantes de la inversión extranjera directa y crecimiento económico : un análisis sectorial de los determinantes de atraccion de la ied en Marruecos.

Identifier:  TDX:3041

Handle: https://hdl.handle.net/20.500.11797/TDX3041

Authors:  Karrouk El Maroufi, Younes

Abstract:
The low volatility observed during the global financial crises and the importance of externalities on simulating host economies attribute considerable interest to foreign direct investment especially for developing countries (DCs). Therefore, the territorial attractiveness became the main priority for DCs’s policies towards more international openness. This explains the multitude of structural reforms and attractive strategies adopted by these economies over the last two decades. The contribution of this thesis is based primarily on the identification of the relationship between FDI and economic growth and then on the analysis of FDI determinants at the mesoeconomic level. The study proceeds to analyze the specificity of Moroccan investment climate subject of this research. It consists to compare different economic sectors by identifying the significance of the FDI determinants in the primary, secondary and tertiary sectors. Thus, we estimate the impact of macroeconomic variables on FDI inflows within nine sectors. Thereafter, three institutional variables are individually incorporated to approximate the various elasticities of the legal and administrative climate on FDI attractiveness.