This study aims to empirically analyze the changes in FDI inflows, an important instrument for economic growth in the Middle East. Some Middle Eastern countries, such as Egypt, Syria and Libya, have experienced democratization in the Arab Spring and many economic-social changes. As a result, there have been significant changes in FDI flows to these countries, and some countries are even improving their democracy. In this context, this study focuses on the Middle East and North Africa region and examines the changes in FDI. The results show that democracy has a positive impact on investment in the MENA region. From these results, it can be concluded that political change has a significant impact on FDI inflows. These results suggest that democracy can trigger economic development by increasing foreign investment. However, this is not the case in all regions. Rather, it means that economic factors may be more important than democracy in certain circumstances.
I. 서론
II. 이론적 논의
III. 연구모형 및 변수
IV. 실증분석 결과
V. 결론 및 시사점