Foreign Direct Investment and the development of the Casablanca Stock Exchange
Available Online January 2017.
- https://doi.org/10.2991/icefs-17.2017.64How to use a DOI?
- Foreign direct investment, Stock market development, Exchange rate, OLS, Market capitalisation, Gross domestic savings.
- This paper aims to empirically examine the impact of Foreign direct investment in developing host countries' stock markets development, in our case Morocco's Casablanca stock exchange, while investigating the effect of domestic savings and exchange rate among other variables, we utilized market capitalization as a proportion of GDP, Mad-Dollar exchange rate and Net FDI inflow as proxies for our analysis, using a multiple regression analysis (OLS) with annual time series data for the selected time period of (1993-2013). We estimated an empirical relationship between these variables and tried to depict a closer relationship between Foreign Direct Investment and Stock Market Development, we hypothesized that the increased Foreign Direct Investment in Morocco has a positive effect on its stock market development. The results show a negative impact of foreign direct investment on stock market development, along with a positive impact of the other explanatory variables on the development of the Casablanca Stock Exchange.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - JIHANE AAYALE PY - 2017/01 DA - 2017/01 TI - Foreign Direct Investment and the development of the Casablanca Stock Exchange BT - 2017 International Conference on Economics, Finance and Statistics (ICEFS 2017) PB - Atlantis Press SP - 477 EP - 482 SN - 2352-5428 UR - https://doi.org/10.2991/icefs-17.2017.64 DO - https://doi.org/10.2991/icefs-17.2017.64 ID - AAYALE2017/01 ER -