دراسة قياسية لأثر تقلبات سعر صرف الدينار الجزائري على الاستثمار الأجنبي المباشر باستخدام نموذجي Fmols و Ecm خلال الفترة (1980-2021)

Abstract

This study aims to address the relationship between exchange rate fluctuations and foreign direct investment in Algeria during the period (1980-2021), and the fully corrected least squares model (FMOLS) was used to extract the long-term relationships between the variables of the study, and the error correction model (ECM) to extract the relationships in short term. The study concluded that fluctuations in the exchange rate of the Algerian dinar positively affect foreign direct investment in the long term, which is consistent with the theory of production flexibility, while it was concluded that there is no relationship between the two variables in the short term.