TECHNOLOGY TRANSFER AND FDI: SOME LESSONS FOR TUNISIA
Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 1
Abstract
The purpose of this article is to try to see if the FDI actually contributes to technology transfer in Tunisia or are there other sources that can guarantee this transfer? The answer to this problem was gradual as we followed an approach using economic theory, the reality of Tunisia and econometric and statistical tools. We examined the relationship between technology transfer and FDI in Tunisia over a period of 40 years from 1970 to 2010. We estimated in two stages: first, a growth equation, then we have learned from this regression residue (proxy technology), secondly, we regressed on European FDI, exports of manufactures, imports of goods from the European Union in addition to other variables to test the robustness of the results and describing the level of infrastructure in the country.It follows from our study that technology transfer does not originate primarily and exclusively in the FDI and the latter is econometrically weakly with technology transfer and spillover effect of FDI does not seem to occur according to our results. However, the relationship between technology transfer and imports is negative and significant. Although this result is cons-intuitive, is recurrent in the literature of panel data. It has also given rise to intense debate on the microeconomic modeling as well as on the empirical applications.
Authors and Affiliations
GHAZOUANI Assaad| LEFA University of Carthage, TERAOUI Hedia| ECCOFIGES University of Mannouba
Keywords
Related Articles
- EP ID EP1995
- DOI -
- Views 386
- Downloads 23
INFLATION THRESHOLDS AND ECONOMIC GROWTH: EVIDENCE FROM NIGERIA
Inflation is one of the most challenging macroeconomic objectives capable of frustrating every pragmatic effort at achieving other macroeconomics goals if not curtailed. To this end, the paper empirically examines the th...
VALUE MEASUREMENT AND DISCLOSURES IN FAIR VALUE ACCOUNTING
Value measurement and disclosures in accounting is further effort and method to objectively determine quality of financial reporting which have continued for many decades. Quality characteristics are the bedrock on which...
FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: EVIDENCE FROM A PANEL STUDY ON SOUTH ASIAN COUNTRIES
The paper examines the relationship between financial development and economic growth using panel data for five emerging South Asian countries - Bangladesh, India, Nepal, Pakistan and Sri Lanka. The heterogeneous panel d...
MONETARY POLICY TRANSMISSION AND BANK LENDING IN SOUTH KOREA AND POLICY IMPLICATIONS
This paper tests the bank lending channel for South Korea based on a simultaneous-equation model consisting of the demand for and the supply of bank loans. The three-stage least squares method is employed in empirical wo...
CORPORATE INVESTMENT AND CASH-FLOW SENSITIVITY: EVIDENCE FROM A JASMIN REVOLUTION PERIOD IN TUNISIAN MARKET
This study investigates the impact of financial constraints on investment decisions and corporate cash holding of Tunisian firms over the period of 2003-2013. We will investigate this task in a particular context which i...