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Wasseem Mina
United Arab Emirates University
24Publications
7H-index
206Citations
Publications 24
Newest
Abstract In this paper, we empirically examine the impact of market-oriented labor policies on inward FDI flows to the GCC countries. The paper adopts different estimation methodologies to address endogeneity and cross-sectional dependence. Reliance on professional management reduces inward FDI flows to the UAE while linking pay to productivity reduces inward FDI flows to both Bahrain and the UAE. Trade openness and infrastructure development have a positive influence, while human capital develo...
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#1Wasseem Mina (United Arab Emirates University)H-Index: 7
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#1Wasseem Mina (United Arab Emirates University)H-Index: 7
The empirical literature on the institutions-FDI nexus has treated the influence of institutions individually despite the correlation among them. This is a conceptual shortcoming. To overcome this limitation, we cluster institutions using Principal Component Analysis (PCA). We apply PCA to ICRG institutions for 17 Middle East and North Africa countries during the period 1984–2011. Three institutional clusters have been extracted: stability and order, quality of public administration, and presenc...
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#1Wasseem Mina (United Arab Emirates University)H-Index: 7
The domain of foreign investment covered under bilateral investment treaties extends beyond FDI. The examination of the influence of these treaties has been limited to FDI. Mina (2015) examines their influence on other types of capital flows and finds that they decrease private debt flows and tilt the composition of capital flows towards FDI. Results of this research provide lessons to African countries.
#1Wasseem Mina (United Arab Emirates University)H-Index: 7
#2Louis Jaeck (United Arab Emirates University)H-Index: 1
In this paper we empirically examine the impact of labor market flexibility on FDI flows to oil-rich GCC and compare it to middle income countries in 2006-2011. We account for potential endogeneity and nonstationarity and adopt system GMM and IV estimation methodologies. Our findings show that in middle income countries overall flexibility increases FDI flows under both system GMM and IV methodologies. In GCC countries overall LMF decreases FDI flows under system GMM methodology. Results also sh...
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#1Wasseem Mina (United Arab Emirates University)H-Index: 7
FDI is important in building a sustainable and diversified knowledge-based UAE economy. The stock of FDI grew at an average annual growth rate of 45.3 percent over the past decade reaching US$ 95 billion or nearly 27 percent of GDP in 2012. FDI flows have not recovered from the global financial crises. Most FDI stock is concentrated in finance, construction, and real estate. Recent greenfield FDI is concentrated in construction, while more than half of top M&A deals took place in finance, transp...
4 CitationsSource
#1Wasseem Mina (United Arab Emirates University)H-Index: 7
The World Bank (2013) argues that social cohesion shapes the context in which entrepreneurs make investment decisions and therefore job creation. In this paper, we focus on FDI as one link of primary importance in this argument, and empirically examine the relationship between social cohesion and FDI flows. Using panel data on 52 middle income countries for the period 1984-2012, we first identify social cohesion-related institutions using principal component analysis and then examine the influen...
2 Citations
#1Wasseem MinaH-Index: 7
This paper examines the influence of political risk guarantees of bilateral investment treaties on debt and equity flows using panel data on middle income countries for the period 1984-2011. Adopting system GMM methodology, the paper empirically finds that ratified bilateral investment treaties with OECD countries have a combined positive influence on non-guaranteed debt flows and a direct positive influence on portfolio equity flows. The results highlight the importance of considering political...
#1Wasseem Mina (United Arab Emirates University)H-Index: 7
This paper examines theoretically and empirically the role of political risk guarantees, which bilateral investment treaties serve, in debt accumulation in low and middle income countries. The paper empirically finds that signed bilateral investment treaties with OECD countries have a positive influence on total and guaranteed debt accumulation, under system GMM and OLS estimation methodologies. Results suggest that the role of bilateral investment treaties extends beyond attracting FDI to inter...
1 CitationsSource
#1Wasseem Mina (United Arab Emirates University)H-Index: 7
This paper empirically examines the theoretical debate on the adoption of a best approach to reforming institutions identified by Rodrik (2008) in the context of property rights protection and FDI flows to eight MENA countries. The first best approach comprises strengthening domestic institutional functions only, while the second best comprises in addition entering into force bilateral investment treaties and the interaction between functions and treaties. Empirically both approaches to reducing...
33 CitationsSource
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