Publication:
Risky Business : Political Instability and Greenfield Foreign Direct Investment in the Arab World

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dc.contributor.authorBurger, Martijn
dc.contributor.authorIanchovichina, Elena
dc.contributor.authorRijkers, Bob
dc.date.accessioned2014-02-05T18:18:37Z
dc.date.available2014-02-05T18:18:37Z
dc.date.issued2013-12
dc.description.abstractWhich foreign direct investments are most affected by political instability? Analysis of quarterly greenfield investment flows into countries in the Middle East and North Africa from 2003 to 2012 shows that adverse political shocks are associated with significantly reduced investment inflows in the non-resource tradable sectors. By contrast, investments in natural resource sectors and non-tradable activities appear insensitive to such shocks. Consistent with these patterns, the significant reduction in investment inflows in Arab Spring affected economies was starkest in the non-resource manufacturing sector. Political instability is thus associated with increased reliance on non-tradables and aggravated resource dependence. Conversely, how intensified political instability affects aggregate foreign direct investment is critically contingent on the initial sector composition of these flows.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/12/18621884/risky-business-political-instability-greenfield-foreign-direct-investment-arab-world
dc.identifier.doi10.1596/1813-9450-6716
dc.identifier.urihttps://hdl.handle.net/10986/16932
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6716
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectADVERTISING
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectALTERNATIVE INVESTMENT
dc.subjectALTERNATIVE METHODS
dc.subjectAMOUNT OF CAPITAL
dc.subjectAPPROACH
dc.subjectAUTOMOBILES
dc.subjectAUXILIARY EQUIPMENT
dc.subjectAVAILABILITY
dc.subjectBATTERIES
dc.subjectBIOMASS
dc.subjectBIOMASS POWER
dc.subjectBOILER
dc.subjectBUILDING MATERIAL
dc.subjectBUREAUCRATIC QUALITY
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL STOCK
dc.subjectCEMENT
dc.subjectCHECKS
dc.subjectCHEMICAL PRODUCTS
dc.subjectCIVIL WAR
dc.subjectCOAL
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICE
dc.subjectCOMPUTER SYSTEMS
dc.subjectCONSUMER ELECTRONICS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCORPORATE SOCIAL RESPONSIBILITY
dc.subjectCOUNTRY DUMMIES
dc.subjectCOUNTRY FIXED EFFECTS
dc.subjectCOUNTRY RISK
dc.subjectCRUDE OIL
dc.subjectCUSTOM
dc.subjectDATA PROCESSING
dc.subjectDECLINE IN INVESTMENT
dc.subjectDEMOCRACY
dc.subjectDEMOCRATIC ACCOUNTABILITY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDIGITAL CONTENT
dc.subjectDIMINISHING RETURNS
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectE-MAIL
dc.subjectELECTRIC POWER
dc.subjectEMPLOYMENT
dc.subjectENERGY RESOURCES
dc.subjectENFORCEMENT OF CONTRACTS
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPECTED RETURNS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL SERVICES
dc.subjectFOREIGN COMPANIES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN INVESTMENTS
dc.subjectFOREIGN INVESTORS
dc.subjectFOSSIL
dc.subjectFOSSIL FUEL
dc.subjectGAS
dc.subjectGAS EXTRACTION
dc.subjectGASOLINE
dc.subjectGEOTHERMAL ELECTRIC
dc.subjectGLOBAL ECONOMY
dc.subjectGOVERNANCE INDEX
dc.subjectGOVERNANCE INDICATORS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHARDWARE
dc.subjectHEAT
dc.subjectHOST COUNTRY
dc.subjectHOST ECONOMY
dc.subjectHUMAN CAPITAL
dc.subjectHYDROELECTRIC POWER
dc.subjectID
dc.subjectINDUSTRIAL PRODUCTION
dc.subjectINFLATION
dc.subjectINFORMATION PROVIDERS
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BUSINESS
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL INVESTMENT
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONALIZATION
dc.subjectINVESTING
dc.subjectINVESTMENT BANKING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT FLOWS
dc.subjectINVESTMENT FUNCTION
dc.subjectINVESTMENT LOCATION DECISIONS
dc.subjectINVESTMENT MANAGEMENT
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT PROJECTS
dc.subjectLIEN
dc.subjectLIQUIDITY
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMANAGEMENT SERVICES
dc.subjectMANUFACTURING
dc.subjectMANUFACTURING INDUSTRIES
dc.subjectMARKET ENTRY
dc.subjectMARKETS DATABASE
dc.subjectMATERIAL
dc.subjectMONETARY FUND
dc.subjectMOTION PICTURE
dc.subjectMULTINATIONAL CORPORATIONS
dc.subjectNATURAL GAS
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNEGATIVE SHOCKS
dc.subjectNEW TECHNOLOGY
dc.subjectNUCLEAR ELECTRIC POWER
dc.subjectNUCLEAR ELECTRIC POWER GENERATION
dc.subjectOIL
dc.subjectOIL COMPANY
dc.subjectOIL PIPELINE
dc.subjectOIL RESOURCE
dc.subjectOPEN ACCESS
dc.subjectOPEN ECONOMY
dc.subjectOUTPUT
dc.subjectPETROLEUM
dc.subjectPIPELINE
dc.subjectPOLITICAL DETERMINANTS
dc.subjectPOLITICAL DISORDER
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL RISK
dc.subjectPOLITICAL STABILITY
dc.subjectPOLITICAL UNCERTAINTY
dc.subjectPOLITICAL UNREST
dc.subjectPOLITICAL UPHEAVAL
dc.subjectPORTFOLIOS
dc.subjectPOSTAL SERVICE
dc.subjectPOWER
dc.subjectPRODUCTIVITY
dc.subjectPROFIT MARGINS
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC SPENDING
dc.subjectRADIO
dc.subjectRATE OF RETURN
dc.subjectRATES OF RETURN
dc.subjectREAL ESTATE
dc.subjectRESIDENTIAL BUILDING
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRETAIL BANKING
dc.subjectRETURNS
dc.subjectRISKY BUSINESS
dc.subjectRULE OF LAW
dc.subjectSATELLITE
dc.subjectSEARCH
dc.subjectSEMICONDUCTORS
dc.subjectSITES
dc.subjectSTABLE ECONOMIES
dc.subjectSTATEMENT
dc.subjectSUBSCRIPTION
dc.subjectTAX
dc.subjectTELECOMMUNICATION
dc.subjectTELECOMMUNICATIONS
dc.subjectTERRORISM
dc.subjectTRANSMISSION
dc.subjectTRANSPARENCY
dc.subjectTURBINES
dc.subjectURL
dc.subjectUSES
dc.subjectUTILITIES
dc.subjectVEHICLES
dc.subjectVIDEO
dc.subjectVIDEO GAMES
dc.subjectVOLATILITY
dc.subjectWEB
dc.subjectWIND
dc.subjectWOOD PRODUCTS
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD ECONOMY
dc.subjectGreenfield FDI
dc.subjecttradables
dc.subjectnon-tradables
dc.subjectDutch Disease
dc.titleRisky Business : Political Instability and Greenfield Foreign Direct Investment in the Arab Worlden
dspace.entity.typePublication
okr.crossref.titleRisky Business: Political Instability and Greenfield Foreign Direct Investment in the Arab World
okr.date.disclosure2013-12-01
okr.date.doiregistration2025-04-10T11:41:12.007970Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/12/18621884/risky-business-political-instability-greenfield-foreign-direct-investment-arab-world
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeEnergy and Extractives
okr.guid450971468110956873
okr.identifier.doi10.1596/1813-9450-6716
okr.identifier.externaldocumentum000158349_20131209090645
okr.identifier.internaldocumentum18621884
okr.identifier.reportWPS6716
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/12/09/000158349_20131209090645/Rendered/PDF/WPS6716.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.geographicalNorth Africa
okr.region.geographicalMiddle East
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicEnergy::Energy Production and Transportation
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::E-Business
okr.unitOffice of the Chief Economist, Middle East and North Africa Region
okr.volume1 of 1
relation.isAuthorOfPublication814995f9-044c-566a-9355-890a6ac260ae
relation.isAuthorOfPublicatione2023549-6161-5735-a342-0381b2b7571a
relation.isAuthorOfPublication.latestForDiscoverye2023549-6161-5735-a342-0381b2b7571a
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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