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The Determinants of Regional Foreign Direct Investment and its Spatial Dependence : Evidence from Tunisia / Bechir N Bouzid.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Bouzid, Bechir N.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Agglomeration Economies.
- Foreign Direct Investment.
- Governance.
- Infrastructure.
- International Economics and Trade.
- Market Size.
- Regional Disparity.
- Spatial Analysis.
- Spillover Effect.
- Local Subjects:
- Agglomeration Economies.
- Foreign Direct Investment.
- Governance.
- Infrastructure.
- International Economics and Trade.
- Market Size.
- Regional Disparity.
- Spatial Analysis.
- Spillover Effect.
- Physical Description:
- 1 online resource (27 pages)
- Other Title:
- Determinants of Regional Foreign Direct Investment and its Spatial Dependence
- Place of Publication:
- Washington, D.C. : The World Bank, 2020.
- System Details:
- data file
- Summary:
- This paper explores the relationship between key economic and institutional attributes of Tunisian governorates and their ability to attract foreign direct investment inflows. A dynamic generalized method of moments and spatial autoregressive approaches are used to estimate a model of regional foreign direct investment over the recent period. The results provide evidence of regional interdependence of foreign direct investment that appears to be highly clustered along the coastal areas. An increase/decrease of foreign direct investment inflows to a given region creates an incentive/disincentive for other foreign direct investment inflows to the same regions as well as nearby ones. These agglomeration forces are relatively strong in Tunisia in the presence of vertical foreign direct investment. Further, the results indicate that a relatively developed market size, an increase of regional development areas, as well as robust governance practices and infrastructure are positive determinants of regional foreign direct investment inflows. Finally, the paper shows that although some of the determinants exhibit spillover effects on nearby regions, the direct effect on the region represents the bulk of the influence over foreign direct investment inflows.
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