The Impact global and domestic uncertainty on FDI: evidence from MENA | ||||
| مجلة البحوث التجارية | ||||
| Article 31, Volume 47, Issue 3, July 2025, Page 179-222 PDF (1.02 MB) | ||||
| Document Type: تجاریة کل ما یتعلق بالعلوم التجاریة | ||||
| DOI: 10.21608/zcom.2025.394285.1461 | ||||
 View on SCiNiTO | ||||
| Authors | ||||
هبة الله احمد يحيي الحسيني رزق رزق 1; ايمان خيري السيد ابراهيم السيد ابراهيم  2; عصام السيدعبدالرؤوف عبد الرؤوف3
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| 1کلية التجارة-جامعة الزقازيق | ||||
| 2قسم الاقتصاد -كلية التجارة -جامعة الزقازيق | ||||
| 3قسم الاقتصاد، كلية التجارة، جامعة الزقازيق | ||||
| Abstract | ||||
| Abstract. This study examines the impact of global and domestic uncertainty on foreign direct investment (FDI) for 21 countries in the Middle East and North Africa (MENA) over the period from 1990 to 2023, using dynamic panel data techniques to consider potential endogeneity of uncertainty and utilized the Generalized Method of Moments (GMM). The findings of the paper reveal an inverted U-shaped relationship between global uncertainty and FDI inflows. We find that global uncertainty plays a central role in shaping foreign investment decisions. Investors tend to increase FDI inflows at moderate levels of uncertainty, but they withdraw or hesitate when global uncertainty levels rise. Additionally, the study finds that increasing the levels of domestic uncertainty, and inflation rate discourages foreign investors from investing in the host country, whereas trade openness and growth rate increase investors’ confidence in increasing FDI inflow in the host country. Key Words FDI; global uncertainty; Domestic uncertainty; MENA JEL F21; F23; E32; D81; O53 | ||||
| Keywords | ||||
| FDI; global uncertainty; Domestic uncertainty; DPD; GMM | ||||
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