L’impact de la fragilité de l’État sur les IDE entrants: Le rôle modérateur des ressources naturelles et de la gouvernance démocratique dans la région MENA

Abstract

The main contribution of this study to the research in international business is to integrate “state fragility” as a multidimensional factor determining FDI inflows. By examining 17 countries in the MENA region during the period from 2002 to 2018, our results reveal that state fragility has a negative impact on inward FDI. However, this negative relationship turns out to be moderated by the host-country natural resource endowment and democratic governance. While lower levels of democratic governance strengthen the negative impact of state fragility on FDI, contrary to our expectations, higher levels of natural resource endowment accentuate this negative impact, thus providing evidence for the “resource curse” phenomenon.