What Types of Perceived Governance Indicators Matter the Most for Private Investment in Middle East and North Africa

Abstract : By using a simultaneous equations model, this paper establishes that the perceived quality of governance, which is measured by three different indicators “Quality of Administration”, “Public Accountability” and “Political Stability”, has a positive effect on the private investment decisions in the developing countries. Our model allows us to point out the fact that the mechanisms through which each type of indicator affects private investment are different. In addition to our primary result we also show that Middle East and North Africa (MENA) region could have attained a better private investment performance if it had reached a more advanced level of perceived institutions in last two decades. The low level of public accountability, among other governance deficiencies, was predominantly responsible for the deficiency in private investment in MENA.
keyword : cerdi
Document type :
Preprints, Working Papers, ...
Complete list of metadatas

Cited literature [30 references]  Display  Hide  Download

https://halshs.archives-ouvertes.fr/halshs-00556940
Contributor : Cerdi Etudes & Documents - Publications <>
Submitted on : Tuesday, January 18, 2011 - 10:21:40 AM
Last modification on : Thursday, January 11, 2018 - 6:17:18 AM
Long-term archiving on : Tuesday, April 19, 2011 - 2:48:20 AM

File

2008.02.pdf
Files produced by the author(s)

Identifiers

  • HAL Id : halshs-00556940, version 1

Collections

Citation

Marie-Ange Veganzones, Ahmet Faruk Aysan, Zeynep Ersoy. What Types of Perceived Governance Indicators Matter the Most for Private Investment in Middle East and North Africa. 2011. ⟨halshs-00556940⟩

Share

Metrics

Record views

280

Files downloads

593