Foreign direct investment, capital accumulation and economic growth in the Maghrib: empirical findings and implications for regional integration and political stability

This article uses an empirical growth model to test for the hypotheses that Foreign Direct Investment (FDI) is crucial to Maghrib long-term economic survival, and that the magnitude of the impact of this investment depends on its interaction with the stock of human capital available to the region. U...

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Bibliographic Details
Published inThe journal of North African studies Vol. 8; no. 2; pp. 75 - 91
Main Author Testas, Abdelaziz
Format Journal Article
LanguageEnglish
Published Taylor & Francis Group 01.07.2003
Subjects
Algeria
Capital
Data analysis
Economic conditions
Economic Development
Foreign direct investment
Foreign Investment
Human Capital
International Organizations
Investment
Maghreb
Morocco
Regional Development
Regional studies
Survival
Tunisia
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Summary:This article uses an empirical growth model to test for the hypotheses that Foreign Direct Investment (FDI) is crucial to Maghrib long-term economic survival, and that the magnitude of the impact of this investment depends on its interaction with the stock of human capital available to the region. Using data on capital accumulation and economic growth for the period 1972-96 for three AMU (Arab Maghrib Union) countries, Algeria, Morocco and Tunisia taken as one, the findings reinforce such arguments in favour of FDI with important implications for Maghrib-EU economic integration and political stability in the AMU.
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ISSN:1362-9387
1743-9345
DOI:10.1080/13629380308718508