Adopted the Syrian economy , which has seen an interference large part of the State , the public sector, which is employing a workforce in various sectors of the economy , and the issuance of the Legislative Decree No. / 7/ 2007 on the promotion of i
nvestment and had been preceded by Law No. / 10 / of 1991, evidence of awareness the need for change in the economic policies and a legal framework to attract foreign direct investment , because this kind of investments have the potential to diversify the economy and develop it at the lowest cost, create jobs , and bring in capital and expertise and assistance on the development of geographic regions varied. In case of setting conditions for the foreign direct investments serve the national economy.
The research found that there is a role for foreign direct investment on the process of economic development in the Syrian Arab
Republic on the basis of the results of the field survey.
The purpose of this research is to study the determinants of the real exchange rate in
Syria during the period 1990 to 2011. We employed Vector Auto Regression (VAR) model
to study the long-term relationship between the real exchange rate and the f
actors affecting
it. Also we applied the Granger causality test to investigate the direction of the relationship
between these variables. In addition, the Impulse Response Functions (IRF) and the
Variance Decomposition to determine thecontribution of thesedeterminantsin the
interpretation ofthe variance oftherealexchangerateof the Syrian pound. Eight possible
determinants have been included in the empirical model: Foreign direct
investment,realGDPgrowthrate,money supply, government consumption, trade
openness,real interest rate, terms of trade, political stability indictor.
The variables that have been found to have a long run relationship with the real
exchange rate are: theforeign direct investment, real GDP growth rate and trade
openness.EspeciallyForeign direct investment and Real GDP growth rate which have the
greatest effect on the real exchange rate, while the trade openness had the least effect on
the real exchange rate in Syria.Leavingthe other determinants with insignificant effect on
real exchange rate in Syria.
Foreign direct investment FDI has been started to play a major role in supporting the
growth of the economies of developing countries since the eighties of the last century,
taking advantage of the rapid spread of information and communication tech
nology ICT
and the trend towards a market economy in most developing countries and trade
liberalization in them. These countries began to depend more on foreign direct investment
because of the great benefits that derive from it in terms of capital, employment and
increase in exports, or in terms of obtaining the modern technology which is necessary to
achieve the economic development.
In Syria, foreign direct investment flows started to increase since 2003 as a result of
the new directions of the Syrian government to open up to domestic and foreign private
sector, and reliance on the market economy.
The objective of this research is to shed light on the reality of foreign direct
investment in Syria, and to clarify the impact of this investment on economic growth
during the period 2000-2010. It has reached to find out that this effect was weak.
the role of international terrorism on investment movement in syria and Jordan (2001-
2015), The study sought to solve the research problem related to the relationship between
the phenomenon of terrorism and the FDI movement in the Syrian Arab Repu
blic and the
Hashemite Kingdom of Jordan during the period 2001-2015, using several approaches. On
the other hand, in an attempt to read the variables of study over time based on indicators of
terrorism and indicators of investment, these indicators are determined by Pearson
correlation coefficient, which reveals the direction and degree of relationship between
variables. The study concluded that there is a correlative relationship between terrorism
and foreign investment. This relationship is negative, ie, the higher the rate of terrorist
operations, the lower the foreign direct investment. The researcher concluded that
investment in the Arab countries is one of the most flagrant countries affected by terrorist
operations.
This study examines the relationship between foreign direct investment and its determinants in Syria, Algeria, Morocco and Jordan during the period (1990-2010), using the Auto Regressive Distributed Lag ARDL.
The results of the study indicate that
the PMG model is the appropriate model, as the model concluded that there is a significant long-term relationship between the independent variables (except for the exchange rate) and foreign direct investment in the study countries, and therefore it is necessary to focus on the importance of determinants and take steps to develop policies that Encourages foreign direct investment. These measures can include developing market size and making laws more attractive to international trade. In addition, steps can be taken to keep inflation rates under control.
