Factors Affecting Economic Growth In Egypt Post Revolution
With a growing population of more than 87 million, Egypt represents one of the largest markets in the MENA region. This contributes to the attractiveness of the Egyptian investment climate. In fact, capital investment in Egypt have always been a key contributor to the economy’s long- term growth; especially private sector investment. In fact, the Egyptian economy is increasingly becoming more reliant on private sector investment, which represents 62% of total implemented investment in Fiscal Year 2013/2014 compared to 49%in Fiscal Year 2002/2003. Additionally, Egypt has always been a very attractive Middle-eastern destination for Foreign Direct Investment (FDI). According OECD 2014, Egypt is one of the top five African countries in terms of attracting FDI and the largest recipient in the sub-region. Since exchange rate is a main catalyst in investment climate and a major force influencing foreign direct investment, it should be also considered when examining factors affecting economic growth. The objective of this research is to find out the impact of private sector investment, foreign direct investment and exchange rate on economic growth in Egypt from 1999 to 2015.
Keywords- Economic growth, Egypt, Private sector investment, foreign direct investment