scholarly journals Foreign Financial Flows, Human Capital and Economic Growth in North African Countries

2021 ◽  
Vol 27 (3) ◽  
pp. 355-371

The purpose of this study is to analyze the relationship between foreign financial flows (i.e., FDI inflows and remittances), human capital, and its effects on economic growth in 4 North African countries. Annual panel data from 2000 to 2018 are examined using the system GMM. First, we found strong evidence of a positive link between FDI and economic growth. Moreover, the results indicate that the complementarity between FDI and human capital positively influences economic growth. Second, the remittances are found to be positive factors for economic growth. In fact, higher human capital accumulation of receiving countries increases these positive impacts. Overall, the results indicate that foreign financial flows are positively correlated with human capital in influencing economic growth in the North African countries. Therefore, it becomes pertinent for policymakers to pursue a human capital policy to improve their absorptive capacities to exploit full benefits of foreign financial flows.

2021 ◽  
Vol 12 ◽  
pp. e59962
Author(s):  
Ana Beatriz Da Costa Mangueira ◽  
Filipe Reis Melo

Este artigo analisa como a Espanha securitizou fluxos migratórios irregulares do Norte da África na primeira década dos anos 2000. Esse processo realizou-se com medidas de segurança nas fronteiras, especialmente nas regiões de Ceuta e Melila. Por outro lado, os governos espanhóis ao longo daquela década reavivaram acordos firmados com os africanos ainda nos anos 1990 para readmissão de migrantes e para admissão de indivíduos no mercado de trabalho espanhol. A relação entre Espanha e países africanos foi contraditória, pois enquanto se buscava conter as migrações indesejadas, pretendia-se usar a mão de obra estrangeira para reduzir os custos trabalhistas. Essas contradições são influenciadas pela presença da União Europeia que delibera e atua na temática de migrações na região, um assunto que tem sido um dos principais interesses da agenda de segurança europeia nos últimos anos. Palavras-Chave: Espanha. Fluxos migratórios. Norte da África. ABSTRACTThis paper analyses how Spain securitized irregular migratory flows from North Africa in the 2000s first decade. This process was carried out by security actions at the borders, specially at Ceuta and Melilla regions. On other hand, over the years of 2000s Spanish governments renewed agreements that were signed with Africans in the 1990s to foster readmission of migrants and promote the admission of individuals to the Spanish labor market. Furthermore, the relationship between Spain and African countries was inconsistent due to the fact that at the moment which the contention of unwanted migration was the focus, it was intended to use foreign labor to reduce labor costs. These contradictions are influenced by the presence of the European Union, which deliberates and acts on the issue of migration in the region, a subject that has been one of the main interests of the European security agenda in recent years. Keywords: Spain. Migration flows. North Africa. Recebido em: 24 mai. 2021 | Aceito em: 01 out. 2021.


2020 ◽  
Vol 47 (9) ◽  
pp. 1143-1159
Author(s):  
Roseline Tapuwa Karambakuwa ◽  
Ronney Ncwadi ◽  
Andrew Phiri

PurposeThe purpose of this study is to examine the impact of human capital on economic growth for a selected sample of nine SSA countries between 1980 and 2014 using a panel econometric approach.Design/methodology/approachThe authors estimate a log-linearized endogenous using the fully modified ordinary least squares (FMOLS) and the dynamic ordinary least squares (POLS) applied to our panel data time series.FindingsThe empirical analysis shows an insignificant effect of human capital on economic growth for our selected sample. These findings remain unchanged even after adding interactive terms to human capital, which are representatives of government spending as well as foreign direct investment. Nevertheless, the authors establish a positive and significant effect of the interactive term between urbanization and human capital on economic growth.Practical implicationsThe results emphasize the need for African policymakers to develop urbanized, “smart”, technologically driven cities within the SSA region as a platform toward strengthening the impact of human capital-economic growth relationship.Originality/valueThis study becomes the first in the literature to validate the human capital–urbanization–growth relationship for African countries.


2018 ◽  
Vol 9 (1) ◽  
pp. 57-68
Author(s):  
Marwa Lazreg ◽  
Ezzeddine Zouari

This paper provides a study of the relationship between sustainable development and foreign direct investment (FDI) from an empirical point of view in the case of the North African countries during the period from 1985 to 2005. We use the cointegration test, the FMOLS (Fully Modified Ordinary Least Squares) model and the Granger causality test to examine this relationship. According to the empirical results, we confirm the existence of a cointegration relationship between the different series studied in this paper. Based on the cointegration test we can use the error correction model. Also, to test the effect of FDI on sustainable development in the North African countries, we make an estimate by FMOLS method. We found that the foreign direct investment has a positive impact on CO2 emissions. Also, the Granger Causality test confirms the presence of a bidirectional relationship between FDI and CO2 emissions (Carbon dioxide). That is to say, the FDI can cause CO2 emissions and CO2 emissions can cause FDI based on the Granger causality.


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