01710cas a2200253 a 4500 AALejournalIMF003096 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451856071 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Risk Instability and the Pattern of Foreign Direct Investment in the Middle East and North Africa Region. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper demonstrates that instability associated with investment risk is critical in explaining the level of foreign direct investment for the Middle East and North Africa (MENA) countries, which generally have higher investment risk than developed countries. The empirical results support this hypothesis, whether either the standard deviation or the interquartile range is used as a measure of instability, in a dynamic panel model. The paper recommends a reorientation of policies toward those with a longer-term focus in order to help lower the degree of risk instability for MENA countries. Mode of access: Internet United States imf IMF Working Papers; Working Paper ; No. 2004/139 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/139/001.2004.issue-139-en.xml IMF e-Library