No abstract

Marwa BEN GHOUL et al.

Political risk factors have been considered as important factors which impact the foreign direct investment (FDI). But, the relationship between the political risk and FDI still not highly covered as expected. In this context, it is crucial to measure the political risk factors impact on the FDI especially for the Arab Spring countries which embraced radical political change after the revolution in 2011. This article aims to investigate the relationship between political risk and the FDI in Tunisia for the case of service sectors. The research is based on aggregate variables that represent six pillars of Governance Indicators. The data was extracted from the Worldwide Governance and the Tunisian Central Bank websites, the data frequency is yearly from 2004 to 2016. The research confirms that the political factors notably the government effectiveness and voice and accountability have significant impact on the FDI and on the FDI in the services sector.

Financing of sustainable development is a sophisticated and long-term process determined by a number of economic and non-economic factors. Financial instruments, private and public nature, exist that can be a source of financing of sustainable development. The choice of finance sources and instruments has an impact on the stability of economic systems and the efficiency of public expenditure with respect to sustainable development goals. The choice of financial instruments for financing development impact on financial stability and results in outcomes performed. The goal of the chapter is to examine relationships between financial stability reflected by public debt to gross domestic product (GDP) and sustainable development described by variables represented by three pillars of sustainable development: economic, social, and environmental. The role of environmentally related tax revenue has been identified as crucial for financing sustainable development goals.