دور الاحتياطات الدولية في جذب الاستثمار الأجنبي المباشر في بعض الدول العربية خلال الفترة / 2010 - 2017

Abstract

The main aim of this study is to highlight the role of international reserves in the attraction of foreign direct investment in Algeria, Saudi Arabia and Iraq during the period 2010-2017, as well as to clarify certain essential facts concerning the international reserves and foreign direct investment in these countries and illustrating the impact of the oil shock on them. In this study, we followed the comparative descriptive analytical approach, . The period of study is divided into two periods before the oil shock and after the oil shock to compare the result between the two periods and for clarify of the impact of oil shock on the variables of the study as well as to compare the nature of the relationship between our variables. The results showed that there is no significant relationship between international reserves and foreign direct investment. The analysis of data indicate that foreign investment inflows were significant and the size of international reserves was important in the selected countries but with uneven values in the first period before the oil shock and recorded a decline in the period post-oil shock. Keywords: Foreign Direct Investment, Foreign Reserves, Oil Shock, Arab Countries