Informal Sector and International Capital Movement: New Evidence from Some Petroleum Countries

The main aim of this paper is to investigate the effect of the informal economy (IE) on foreign direct investment (FDI) in a sample of petroleum producing countries (Algeria, Norway, the Russian Federation, Saudi Arabia and United States) based on data covering the period of 1991–2018 and using the...

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Autores principales:	Zeddam Ahmed Amine, Dahmani Mohamed Driouche, Hamrit Abdelatif
Formato:	article
Lenguaje:	EN
Publicado:	Sciendo 2021
Materias:	informal economy (ie) foreign direct investment (fdi) non-linear autoregressive distribution lag (nardl) international capital movement o17 e26 c22 f3 f21 Business HF5001-6182 Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/c9b1be2dec2b4b0cae4b584d66f9dcfc
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spelling	oai:doaj.org-article:c9b1be2dec2b4b0cae4b584d66f9dcfc2021-12-05T14:11:06ZInformal Sector and International Capital Movement: New Evidence from Some Petroleum Countries2256-039410.2478/eb-2021-0008https://doaj.org/article/c9b1be2dec2b4b0cae4b584d66f9dcfc2021-01-01T00:00:00Zhttps://doi.org/10.2478/eb-2021-0008https://doaj.org/toc/2256-0394The main aim of this paper is to investigate the effect of the informal economy (IE) on foreign direct investment (FDI) in a sample of petroleum producing countries (Algeria, Norway, the Russian Federation, Saudi Arabia and United States) based on data covering the period of 1991–2018 and using the Non-linear Autoregressive Distribution Lag (NARDL) model. The NARDL model was built separately for each country in the study sample. The main finding of this study is the impact of IE size on FDI inflows in all of the countries in the study sample, even if they are all producing and exporting countries. The empirical results lead to distinguish between two sub-groups. The first sub-group consists of countries whose FDI inflows have been positively affected by positive and negative shocks in the IE. These countries are characterised by a high share of natural resources in their GDP. The second sub-group consists of countries whose inward FDI has been positively affected by negative shocks in the IE and negatively affected by the positive ones. The most common feature of this subgroup is the relative independence of economics from natural resources.Zeddam Ahmed AmineDahmani Mohamed DrioucheHamrit AbdelatifSciendoarticleinformal economy (ie)foreign direct investment (fdi)non-linear autoregressive distribution lag (nardl)international capital movemento17e26c22f3f21BusinessHF5001-6182Economics as a scienceHB71-74ENEconomics and Business, Vol 35, Iss 1, Pp 117-132 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	informal economy (ie) foreign direct investment (fdi) non-linear autoregressive distribution lag (nardl) international capital movement o17 e26 c22 f3 f21 Business HF5001-6182 Economics as a science HB71-74
spellingShingle	informal economy (ie) foreign direct investment (fdi) non-linear autoregressive distribution lag (nardl) international capital movement o17 e26 c22 f3 f21 Business HF5001-6182 Economics as a science HB71-74 Zeddam Ahmed Amine Dahmani Mohamed Driouche Hamrit Abdelatif Informal Sector and International Capital Movement: New Evidence from Some Petroleum Countries
description	The main aim of this paper is to investigate the effect of the informal economy (IE) on foreign direct investment (FDI) in a sample of petroleum producing countries (Algeria, Norway, the Russian Federation, Saudi Arabia and United States) based on data covering the period of 1991–2018 and using the Non-linear Autoregressive Distribution Lag (NARDL) model. The NARDL model was built separately for each country in the study sample. The main finding of this study is the impact of IE size on FDI inflows in all of the countries in the study sample, even if they are all producing and exporting countries. The empirical results lead to distinguish between two sub-groups. The first sub-group consists of countries whose FDI inflows have been positively affected by positive and negative shocks in the IE. These countries are characterised by a high share of natural resources in their GDP. The second sub-group consists of countries whose inward FDI has been positively affected by negative shocks in the IE and negatively affected by the positive ones. The most common feature of this subgroup is the relative independence of economics from natural resources.
format	article
author	Zeddam Ahmed Amine Dahmani Mohamed Driouche Hamrit Abdelatif
author_facet	Zeddam Ahmed Amine Dahmani Mohamed Driouche Hamrit Abdelatif
author_sort	Zeddam Ahmed Amine
title	Informal Sector and International Capital Movement: New Evidence from Some Petroleum Countries
title_short	Informal Sector and International Capital Movement: New Evidence from Some Petroleum Countries
title_full	Informal Sector and International Capital Movement: New Evidence from Some Petroleum Countries
title_fullStr	Informal Sector and International Capital Movement: New Evidence from Some Petroleum Countries
title_full_unstemmed	Informal Sector and International Capital Movement: New Evidence from Some Petroleum Countries
title_sort	informal sector and international capital movement: new evidence from some petroleum countries
publisher	Sciendo
publishDate	2021
url	https://doaj.org/article/c9b1be2dec2b4b0cae4b584d66f9dcfc
work_keys_str_mv	AT zeddamahmedamine informalsectorandinternationalcapitalmovementnewevidencefromsomepetroleumcountries AT dahmanimohameddriouche informalsectorandinternationalcapitalmovementnewevidencefromsomepetroleumcountries AT hamritabdelatif informalsectorandinternationalcapitalmovementnewevidencefromsomepetroleumcountries
_version_	1718371385909182464

Informal Sector and International Capital Movement: New Evidence from Some Petroleum Countries

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