According to theory, financial openness (FO) increases growth. The literature often conditions the growth effect of FO on favorable collateral environment. However, this can conceal the actual growth benefits of FO. This paper contributes to the literature by investigating the unconditional...

Purpose: This paper investigates the main drivers of foreign direct investment (FDI) inflows for a balanced panel of 11 Middle East and North Africa (MENA) economies over the 1995–2017 annual period. The author postulates that the impacts of the main pull (growth) and push (global financial...

We investigate whether the impacts of the main push (global financial conditions, GFC) and pull (growth) factors on capital inflows are invariant to endogenously estimated thresholds for exchange rate regimes (ERRs) in emerging economies. The impact of GFC is higher under more flexible ERRs for...

ABSTRACT This study investigates whether the sensitivity of growth to natural resource endowments (NRE) may change depending on the endogenously estimated threshold level for international financial integration (IFI) in 13 Middle East and North Africa (MENA) countries during the 1970-2019...