publication . Article . 2008

The links between openness and productivity in Mediterranean countries

Laurence Cecchini; Charles Lai-Tong;
Open Access
  • Published: 05 Mar 2008
International audience; We examine the relation between the international trade, the foreign direct investment and the total factor productivity of the Mediterranean partner countries of Europe within the framework of a cointegrated panel model. The results, obtained from data on seven Mediterranean partner countries of Europe (Algeria, Egypt, Israel, Jordan, Morocco, Tunisia, Turkey), show that FDI and human capital are complementary in the acquisition of productivity gains. We identify the threshold level of human capital from which the received foreign investments generate beneficial effects. In a more general way, the improvement of the total factor producti...
Medical Subject Headings: health care economics and organizations
free text keywords: Social Sciences & Humanities, Economics and Econometrics

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