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(1)‫ﺟــﺎﻣﻌــــﺔ وﻫــﺮان‬ ‫ﻛﻠﻴﺔ ﺍﻟﻌﻠﻮﻡ ﺍﻻﻗﺘﺼﺎﺩﻳﺔ‪ ،‬ﻭ ﺍﻟﺘﺠﺎﺭﻳﺔ‪ ،‬ﻭﻋﻠﻮﻡ ﺍﻟﺘﺴﻴﲑ‬ ‫ﺃﻃﺮﻭﺣﺔ ﻟﻨﻴﻞ ﺷﻬﺎﺩﺓ ﺍﻟﺪﻛﺘﻮﺭﺍﻩ ﰲ ﺍﻟﻌﻠﻮﻡ ﺍﻻﻗﺘﺼﺎﺩﻳﺔ‬. ‫ﺑﻌﻨــﻮان‪:‬‬. ‫ﻧﻮﻋﻴﺔ ﺍﳌﺆﺳﺴﺎﺕ ﻭﺟﺎﺫﺑﻴﺔ ﺍﻻﺳﺘﺜﻤﺎﺭ‬ ‫ﺍﻷﺟﻨﺒﻲ ﺍﳌﺒﺎﺷﺮ ﺇﱃ ﺍﳉﺰﺍﺋﺮ‬ ‫ﺗـﺤــﺖ ﺇﺷـــــﺮﺍﻑ‪:‬‬. ‫ﻣﻦ ﺇﻋﺪﺍﺩ ﺍﻟﻄﺎﻟﺐ‪:‬‬. ‫أ‪.‬د‪.‬زاﻳﺮي ﺑﻠﻘﺎﺳﻢ‬. ‫ﺑﻠﻘﺎﺳﻢ أﻣﺤﻤﺪ‬ ‫ﻟﺠﻨﺔ ﺍﻟﻤﻨﺎﻗﺸﺔ‪:‬‬ ‫ﻤﻌﻤـﺭ ﺒﻠﺨـﻴـﺭ‬. ‫ﺯﺍﻴـﺭﻱ ﺒﻠﻘﺎﺴـﻡ‬. ‫ ﺃﺴﺘﺎﺫ ﻤﺤﺎﻀـﺭ‪-‬ﺃ‪-‬‬‫‪ -‬ﺃﺴﺘﺎﺫ ﺍﻟﺘﻌﻠﻴﻡ ﺍﻟﻌﺎﻟﻲ‬. ‫‪ -‬ﺠﺎﻤﻌﺔ ﻭﻫـﺭﺍﻥ‬. ‫ﺒﻠﻌﺯﻭﺯ ﺒﻥ ﻋﻠﻲ‬. ‫‪ -‬ﺃﺴﺘﺎﺫ ﺍﻟﺘﻌﻠﻴﻡ ﺍﻟﻌﺎﻟﻲ‬. ‫‪ -‬ﺠﺎﻤﻌﺔ ﺸــﻠﻑ ﻤﻨﺎﻗﺸـﺎ‬. ‫ﻜﺘـﻭﺵ ﻋﺎﺸـﻭﺭ‬. ‫‪ -‬ﺃﺴﺘﺎﺫ ﺍﻟﺘﻌﻠﻴﻡ ﺍﻟﻌﺎﻟﻲ‬. ‫‪ -‬ﺠﺎﻤﻌﺔ ﺸــﻠﻑ ﻤﻨﺎﻗﺸـﺎ‬. ‫ﺤﺎﻜﻤﻲ ﺒﻭﺤﻔـﺹ‬. ‫‪ -‬ﺃﺴﺘﺎﺫ ﻤﺤﺎﻀـﺭ‪-‬ﺃ‪-‬‬. ‫‪ -‬ﺠﺎﻤﻌﺔ ﻭﻫـﺭﺍﻥ ﻤﻨﺎﻗﺸـﺎ‬. ‫ﺒﻜــﺎﺭ ﺒﺸـﻴـﺭ‬. ‫‪ -‬ﺃﺴﺘﺎﺫ ﻤﺤﺎﻀـﺭ‪-‬ﺃ‪-‬‬. ‫ﻤﻨﺎﻗﺸـﺎ‬. ‫ﺍﻟﺴﻨﺔ ﺍﳉﺎﻣﻌﻴﺔ‪:‬‬. ‫ﺭﺌﻴـﺴﺎ‬. ‫‪ -‬ﺠﺎﻤﻌﺔ ﻭﻫـﺭﺍﻥ ﻤﻘـﺭﺭﺍ‬. ‫‪ -‬ﺠﺎﻤﻌﺔ ﻤﺴﺘﻐﺎﻨﻡ‬. ‫‪2013/2012‬‬.

(2) 04 04 05 05 05 06 06 07 10. 13. 14 14. .1. 15. .2. 18 19. I.

(3) 19. .1. 23. .2. 26. .3. 28. .4. 30 30. .1. 30. .2. 32 32. North. .3 .4. 33 34. .1. 34. .2. 41 41. .1. 43. .2. 46. 3. 47. 4. 49. II. 49. .1. 49. .2. 50. .3.

(4) 52 52. .1. 54. .2. 56 57. 1. 58. 2. 60. 3. 62. .4. 64. .5. 67 67. 1. 77. 2. 80. 3. 85. .4. 87. 90. 91 91. .1. 92. .2. 94 94. III. .1.

(5) ‫‪.2‬‬. ‫‪95‬‬. ‫‪.3‬‬. ‫‪96‬‬. ‫‪97‬‬. ‫‪.1‬‬. ‫‪98‬‬. ‫‪.2‬‬. ‫‪99‬‬. ‫‪.3‬‬. ‫‪101‬‬ ‫‪103‬‬. ‫‪1‬‬. ‫‪104‬‬. ‫‪2‬‬. ‫‪105‬‬. ‫‪3‬‬. ‫‪106‬‬. ‫‪4‬‬. ‫‪107‬‬ ‫‪108‬‬. ‫‪1‬‬. ‫‪108‬‬. ‫‪ 2‬نظرية عدم كمال السوق‬. ‫‪110‬‬. ‫‪3‬‬. ‫‪112‬‬. ‫‪.4‬‬. ‫‪112‬‬. ‫‪.5‬‬. ‫‪115‬‬. ‫‪.6‬‬. ‫‪118‬‬ ‫‪120‬‬. ‫‪.1‬‬. ‫‪120‬‬. ‫‪.2‬‬. ‫‪123‬‬. ‫‪.3‬‬. ‫‪126‬‬. ‫‪IV‬‬.

(6) .4. 129 130 132. .1. 132. .2. 133. .3. 135 135. 1913 1800. .1. 135. 1945 1914. .2. 136. .3. 136. .4. 139 141. .1. 142. .2. 143. .3. 143. .4. 144. .5. 144. .6. 144. .7. 145. .8. 145. V. 146. .1. 146. .2.

(7) 146. .3. 147. 150. 151 151. 1. 155. 2. 161. 3. 166 166. 1. 168. 2. 170 171. .1. 171. .2. 173. .3. 173. .4. 175. .5. 177. .6. 180. VI. 180. .1. 184. .2.

(8) .3 192. 194 194. .1. 195. .2. 196. .3. 197. .4. 198. .5. 200. .6. 203 203. .1. 206. .2. 206. .3. 209. .4. 211 211. .1. 211. .2. 213. .3. 213. .4. 213. .5. 214. .6. 216. VII.

(9) 219. .1. 220 224. (IDEE). .2. 229. .3. 233. .4. 241. Singh Et Jun. .1. 242. Wilhelms Saskia. .2. 242. Bastos Et Nasir. .3. 243. Egger Et Winner. .4. 244. Bouklia Et Zatla. .5. 244. Sekkat Et Méon. .6. 245 246 252 263 268. VIII.

(10) UNCTAD. 2.

(11) 3.

(12) 4.

(13) 5.

(14) 2011. 6. 2006.

(15) -. 2004. -. -. 2009. 2007 1985. %89 . 2009. 7. 31.

(16) Singh Et Jun. Wilhelms Saskia.. 1978 1995. 8. 67.

(17) Sekkat Et Méon. Bastos Et Nasir. 92. Linders Et Al. 1999. 9.

(18) Egger Et Winner. Ernesto Stein Et Christian Daude. Bouklia Et Zatla. 1997 1976. 04. 10.

(19) 11.

(20) Institutions. 13.

(21) 1 1920. 14.

(22) . Torestein veblen. Clarence. 1896. John Commons Wesley Mitchell. Ayres. Economie Institutionnelle. 2. “. . Ronald Coase. 1937. . 1899. The Theory Of The Leisure Class . 1991. 15.

(23) . Oliver Williamson. 1970. Institutions. .. 2009. 16. .

(24) . Douglass North. North. . 1993. 1. 2001 3 2. 17.

(25) Institution. Veblen Institutions. 18.

(26) 1 Ronald Coase. 1937. .. “. Coase Coase. 1. 78. 19. 2008.

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(128) OECD. 20. 10 ٪10. 0. Aitken, Harrison et Lipsey. 30. 1. : OCDE, L’impact Social De L’investissement Direct Etranger, Synthèses OCDE , Paris Juillet 2008,PP 3,4. :2 Aitken, B., A.E. Harrison et R. Lipsey “Wages and Foreign Ownership: A Comparative Study of Mexico, Venezuela, and the United States”, Journal of International Economics, Vol. 40, n° 3/4,1996, p. 345-371.. 122.

(129) 2. Tun Wai et Wang. 1 2. 89. 1989. 1 2. Tun , Wai and Wang,Chorng-Huey, Determinants of Private Investment In Developing Countries. The Journal of Development Studies , Vol 19, N/ 1,1982, Pp19-35. 470 469. 123. 3.

(130) 2 2. 124.

(131) 3 2. 125.

(132) 3. Wang et Blomström. 1. 2007 442 106. 2 3. Wang J. Et M. Blomstrom, Foreign investment and technology transfer ,European Economic Review , vol n° 36,1992. 126.

(133) 1 3. 2 3. 127.

(134) 3 3. 1. 452 253. 128. 2.

(135) .29. 129. 1.

(136) 4. 461. 130. 1.

(137) 2 2. 2001. 2002. Morisset et Lumenga Neso. 2002. Asiedu. 2002. -. 2004. 2007. 131. Garibaldi, Pietro. Levasseur. A. F. Mkenda et B.K. Mkenda. Stein et Daude,.

(138) CNUCED.    1. 2. UNCTAD World Investment Report 1998. 132. 1.

(139) ‫‪3‬‬. ‫‪1 3‬‬. ‫‪2 3‬‬. ‫؛‬. ‫‪3 3‬‬. ‫‪133‬‬.

(140) 2 2 ‫المضيفة‬. UNCTAD , Op Cit, P 91. 134.

(141) 1913 1800. 1. . 11.7. 1900 3.4. 5.6 .  1945 1914. 2. 1929. %39.8 %27.7 1914. 17. 135. 1970. 1914 %18.5. %45.5 1938 1.

(142) %9.5. 1914. %12.2. 1938 1938 3. 1945 %24.5. %59.1 %4.7. 56. 1967 6. 17 4. 1994. 1989. 32. 200 59. 137. 1998 1.000 222. 1. 1999 829. : Bertrand- Bellon Et Ridha Gouia , Investissement Direct Étranger Et Développement Industriel Méditerranée,Édition Économique , Paris, 1998 ,P 20. 2 1994 60. 136.

(143) ‫‪2000‬‬. ‫‪1.270‬‬. ‫‪1005‬‬ ‫‪240‬‬ ‫‪25‬‬. ‫‪1989‬‬. ‫‪228‬‬. ‫‪1994‬‬. ‫‪25‬‬. ‫‪203‬‬. ‫‪1998‬‬ ‫‪1.005‬‬. ‫‪1999‬‬. ‫‪58‬‬. ‫‪945‬‬. ‫‪1.149‬‬. ‫‪2000‬‬ ‫‪1 046‬‬. ‫‪04‬‬. ‫‪99‬‬ ‫‪3 2‬‬ ‫‪1989‬‬ ‫المنطقة‬. ‫‪2000‬‬. ‫التدفقات الواردة‬ ‫‪1987-1983‬‬ ‫متوسط سنوي‬. ‫‪1994-1989‬‬ ‫متوسط سنوي‬. ‫‪1995‬‬. ‫‪1996‬‬. ‫‪1997‬‬. ‫‪1998‬‬. ‫‪1999‬‬. ‫‪2000‬‬. ‫الدول المتقدمة‬. ‫‪58.7‬‬. ‫‪137.1‬‬. ‫‪203.5‬‬. ‫‪219.7‬‬. ‫‪271.4‬‬. ‫‪483.2‬‬. ‫‪829.8‬‬. ‫‪1005.2‬‬. ‫الدول النامية‬. ‫‪18.3‬‬. ‫‪59.6‬‬. ‫‪113.3‬‬. ‫‪152.5‬‬. ‫‪187.4‬‬. ‫‪188.4‬‬. ‫‪222.0‬‬. ‫‪240.2‬‬. ‫‪0.02‬‬. ‫‪3.4‬‬. ‫‪14.3‬‬. ‫‪12.7‬‬. ‫‪19.2‬‬. ‫‪21.0‬‬. ‫‪23.2‬‬. ‫‪25.4‬‬. ‫‪77.1‬‬. ‫‪200.1‬‬. ‫‪477.9‬‬. ‫‪692.5‬‬. ‫‪1075.0‬‬. ‫‪1270.8‬‬. ‫‪1987-1983‬‬ ‫متوسط سنوي‬. ‫‪1994-1989‬‬ ‫متوسط سنوي‬. ‫‪1995‬‬. ‫‪1996‬‬. ‫‪1997‬‬. ‫‪1998‬‬. ‫‪1999‬‬. ‫‪2000‬‬. ‫الدول المتقدمة‬. ‫‪72.6‬‬. ‫‪203.2‬‬. ‫‪305.8‬‬. ‫‪332.9‬‬. ‫‪396.9‬‬. ‫‪672.0‬‬. ‫‪945.7‬‬. ‫‪1046.3‬‬. ‫الدول النامية‬. ‫‪4.2‬‬. ‫‪24.9‬‬. ‫‪49.0‬‬. ‫‪57.6‬‬. ‫‪65.7‬‬. ‫‪37.7‬‬. ‫‪58.0‬‬. ‫‪99.5‬‬. ‫‪0.01‬‬. ‫‪0.1‬‬. ‫‪0.5‬‬. ‫‪1.0‬‬. ‫‪3.4‬‬. ‫‪2.1‬‬. ‫‪2.1‬‬. ‫‪4.0‬‬. ‫‪76.8‬‬. ‫‪228.3‬‬. ‫‪355.3‬‬. ‫‪391.6‬‬. ‫‪466.0‬‬. ‫‪711.9‬‬. ‫‪1005.8‬‬. ‫‪1149.9‬‬. ‫أوروبا الوسطى‬ ‫والشرقية‬ ‫المجموع العالمً‬. ‫أوروبا الوسطى‬ ‫والشرقية‬ ‫المجموع العالمً‬. ‫‪384.9‬‬ ‫‪331.1‬‬ ‫التدفقات الصادرة‬. ‫‪World Investment Report 2001, UNCTAD‬‬. ‫‪137‬‬.

(144) 2001 764. 832 2003. 2002 2004 710 3 2. 2005. 2001. 3 2. 2004. Excel. 2001. 2001. 2000. 11. .  . 138.

(145) ‫‪2005‬‬. ‫‪2001‬‬. ‫‪4 2‬‬ ‫‪2005‬‬. ‫‪2001‬‬ ‫التدفقات الواردة‬. ‫المنطقة‬. ‫‪2001‬‬. ‫‪2002‬‬. ‫‪2003‬‬. ‫‪2004‬‬. ‫الدول المتقدمة‬. ‫‪599.3‬‬. ‫‪441.2‬‬. ‫‪358.5‬‬. ‫‪396.1‬‬. ‫الدول النامية‬. ‫‪221.4‬‬. ‫‪163.6‬‬. ‫‪175.1‬‬. ‫‪275.0‬‬. ‫أوروبا الوسطى والشرقية‬. ‫‪11.5‬‬. ‫‪12.9‬‬. ‫‪24.2‬‬. ‫‪39.6‬‬. ‫المجموع العالمً‬. ‫‪832.2‬‬. ‫‪557.9‬‬ ‫‪617.7‬‬ ‫التدفقات الصادرة‬. ‫‪710.8‬‬. ‫‪2001‬‬. ‫‪2002‬‬. ‫‪2003‬‬. ‫‪2004‬‬. ‫الدول المتقدمة‬. ‫‪684.8‬‬. ‫‪485.1‬‬. ‫‪514.8‬‬. ‫‪686.3‬‬. ‫الدول النامية‬. ‫‪76.7‬‬. ‫‪49.7‬‬. ‫‪35.6‬‬. ‫‪112.8‬‬. ‫أوروبا الوسطى والشرقية‬. ‫‪2.7‬‬. ‫‪4.7‬‬. ‫‪10.7‬‬. ‫‪14.0‬‬. ‫المجموع العالمً‬. ‫‪764.2‬‬. ‫‪539.5‬‬. ‫‪561.1‬‬. ‫‪813.1‬‬. ‫‪World Investment Report 2006, UNCTAD‬‬. ‫‪2012‬‬ ‫‪%17‬‬ ‫‪2011‬‬. ‫‪215‬‬. ‫‪1.524‬‬. ‫‪2010‬‬ ‫‪2000‬‬. ‫‪2007‬‬. ‫‪2008‬‬. ‫‪1.976‬‬ ‫‪2009‬‬. ‫‪%23‬‬. ‫‪2011‬‬ ‫‪1.791‬‬ ‫‪2010‬‬. ‫‪2011‬‬. ‫‪2007‬‬. ‫‪139‬‬.

(146) ‫‪4 2‬‬ ‫‪2011 2005‬‬ ‫‪2500‬‬ ‫‪2000‬‬ ‫‪1500‬‬ ‫التدفقات العالمية الواردة‬. ‫‪1000‬‬. ‫التدفقات العالمية الصادرة‬. ‫‪500‬‬ ‫‪0‬‬ ‫‪2011‬‬. ‫‪2010‬‬. ‫‪Excel‬‬. ‫‪2009‬‬. ‫‪2008‬‬. ‫‪2007‬‬. ‫‪2006‬‬. ‫‪2005‬‬. ‫‪4 2‬‬. ‫‪2005‬‬. ‫‪2011‬‬. ‫‪5 2‬‬ ‫‪2011 2005‬‬ ‫‪2005‬‬. ‫‪2006‬‬. ‫‪2007‬‬. ‫‪2008‬‬. ‫‪2009‬‬. ‫‪2010‬‬. ‫‪2011‬‬. ‫‪0.983‬‬. ‫‪1.463‬‬. ‫‪1.976‬‬. ‫‪1.791‬‬. ‫‪1.198‬‬. ‫‪1.309‬‬. ‫‪1.524‬‬. ‫‪0.882‬‬. ‫‪1.415‬‬. ‫‪2.198‬‬. ‫‪1.969‬‬. ‫‪1.175‬‬. ‫‪1.451‬‬. ‫‪1.694‬‬. ‫‪World Investment Report 2012 2011 , UNCTAD‬‬. ‫‪140‬‬.

(147) 6 2 2011 2010 2009. 2011. 2010. 2009. 2011. 2010. 2009. 1.237.5. 989.6. 857.8. 747.9. 618.6. 606.2. 383.8. 400.1. 268.5. 684.4. 616.7. 519.2. 3.5. 7.0. 3.2. 42.7. 43.1. 52.6. 239.9. 243.0. 176.6. 335.5. 294.1. 206.6. 15.2. 13.6. 16.4. 38.9. 31.7. 42.4. 25.4. 16.4. 17.9. 48.7. 58.2. 66.3. 99.7. 119.9. 54.3. 217.0. 187.4. 149.4. 73.1. 61.6. 48.8. 92.2. 73.8. 72.4. 1.694. 1.451. 1.175. 1.524. 1.309. 1.198. World Investment Report 2012, UNCTAD, P 19, 2012. 1 748. %21 2011. 141. %49.

(148) ‫ﻧ‬. ‫‪2011‬‬. ‫‪247.9‬‬. ‫‪1.237.5‬‬. ‫‪2010‬‬. ‫‪2‬‬ ‫‪%11‬‬ ‫‪% 45‬‬. ‫‪2011‬‬. ‫‪684.4‬‬. ‫‪2011‬‬. ‫‪16.3‬‬. ‫‪383.8‬‬. ‫‪2010‬‬ ‫‪3‬‬. ‫‪%31‬‬ ‫‪2010‬‬. ‫‪91.7‬‬ ‫‪%6‬‬. ‫‪70.2‬‬ ‫‪2011‬‬. ‫‪142‬‬.

(149) 73.1. 2011 2010. 11.5 4. 2009 42.7. 3.5. 2011 2010. 2011 2010. 3.5 5. 2011 335.5. 2011. 2010. 41.4 %22 124. 143.

(150) 2010. 3.1 %15. 2011 %5. 6 2011 2010. 2010. 6.2. 2011. 39. 1.4 15.2. 7 2009 48.7. 25.4. 2011. 2011 2010. 2011. :. 217. 144. 8. % 16.

(151) % 34 %4.    2011 2010. 2009. 6 2 2011 2010 2009 %. 48. 39. 13. 630. 510. 170. 2009. 39. 50. 11. 490. 620. 140. 2010. 40. 46. 14. 570. 660. 200. 2011. World Investment Report 2012, UNCTAD, p 09. 145.

(152) 1 2011 2010. 60. 200. 30. 2010. 2009. 2 660. 2011 2010. 40 110. 2010. 2009. 3 570. 2011 2010. 80 140. 146. 2010. 2009.

(153) 4 2. 2011 2010 2009. 6 2. 147. Excel.

(154) 2007 UNCTAD. 148.

(155) 150.

(156) 1. 1963 277 63. 1 1. 1963 1963 07 26. 1963 08 02. 151. 53. 1.

(157) 1966. 2 1. 1982. 3 1. 1963 1966 09 15. 1982 08 21. 284 66. 11 82. 1982 08 28. 1982 08 28. 152. 13 82. 13 82. 1966 09 17 80 1982 08 24 34 1982 08 31 35 15 14 13 1982 08 31. 1 2 3 4. 35.

(158) 1990 1990 04 14. 49. 4 1. 10 90. 51. . 1993. 5 1. 1993. 12 93 1993. 05. 1990 APSI. 1990 04 18 1993 10 18. 153. 16. 1. 64. 2.

(159) 2001. 6 1. 12 93. 01 2001 08 20. 03. 12 93. ANDI APSI CNI. 2001 08 22. 154. 47. 1.

(160) 2 2001. 1 2. 2 2 2001 08 20. 03 01 2010. 2009. %51 %49 3 2. 4 2. 2006 07 15 01 10 49. 2010 2009 07 26. 2001 08 20. 155. 03 01 2001 08 22. 06 08 2009 07 22 44 14،15،16،17 47. 1. 01 09 2009 2010 08 26 2010 08 29 2.

(161) 45. 1996. 1989 132. 1 3. 412001. 23/07/2001. 24/09/2000. 582000. 07/10/2000. 11/03/1996. 692001. 13/11/2001. 04/10/2000. 652004. 10/10/2004. 17/06/2003. 102003. 08/02/2003. 11/06/2000. 252002. 07/04/2002. 25/10/1998. 772002. 25/11/2002. 20/10/1996. 402001. 23/07/2001. 12/10/1999. 761998. 11/10/1998. 29/03/1997. 452002. 22/06/2002. 24/04/2001. 1975 09 26. 156. 85 75. 106. 1.

(162) 157. 451990. 17/10/1990. 22/06/1990. 192003. 17/03/2003. 27/05/2002. 06469. 11/12/2006. 13/01/2005. 011994. 02/01/1994. 13/02/1993. 452002. 22/06/2002. 21/03/2000. 152005. 26/02/2005. 19/10/2003. 461991. 05/10/1991. 18/05/1991. 66 003. 23/10/2003. 30/09/2001. 332003. 05/05/2003. 06/08/2001. 42 2001. 23/07/2001. 27/01/2000. 971998. 27/12/1998. 11/07/1996. 65-2008. 05/11/2008. 06/01/2008. 402001. 23/07/2001. 12/12/1998. 522000. 22/08/2000. 16/03/1998. 162003. 03/03/2003. 14/01/2002. 591995. 07/10/1995. 07/10/1995. 372005. 28/05/2005. 2004/09/15. 372005. 28/05/2005. 15/09/2004. 431997. 23/06/1997. 24/10/1996. 412001. 23/07/2001. 20/02/2000. 252002. 07/04/2002. 22/09/2000. 691994. 22/10/1994. 28/06/1994. 231995. 25/03/1995. 23/12/1994. 022004. 30/12/2003. 25/01/1999. 201997. 05/04/1997. 01/08/1996. 842004. 29/12/2004. 15/02/2003. 212006. 03/04/2006. 10/03/2006. 202003. 17/03/2003. 24/10/2001. 452005. 23/06/2005. 30/11/2004.

(163) 442002. 22/06/2002. 09/04/2000. 971998. 27/12/1998. 14/09/1997. 461991. 05/10/1991. 24/04/1991. 061991. 22/12/1990. 23/07/1990. 732006. 14/11/2006. 16/02/2006. 422001. 23/07/2001. 25/11/1999. Guide Investir En Algerie ,Kpmg Algerie , 2011 , p53:. 5-2. 2005 06 06. 03 05. 6 2 2009. ANDI. 04. 158.

(164) 7 2. 2003 12 01. 453 03. 8 2. 2003 07 19. 03 03. 9 2. . 2003 12 07 2010 08 15 43. 159. 592 564 05 10. 75. 1 2. 2008 06 25 2003 07 19. 12 08 03 03 2003 07 20. 3.

(165) T.V.A. . . 2 5. 160.

(166)  10. 10. . 3. 1 3. CNI. 281 01 2001 09 24. 2001 09 26. 161. 55. 1.

(167) 2009. 500. 2 3. ANDI. 2001 09 24. 282 01. 12 93. 2002 10 14. 02 314 ANDI. APSI ANDI. .. 2002 10 16. 162. 68. 2002 09 24. 55. 1.

(168) 2 3. 2011 2002 313 200. 230. 272 550. 190. 512 196. 31. 58 821. 9. 1 258 036. 174. 4 510. 1. 2 974. 1. 14 641. 5. 2 164 378. 451. www.Andi.dz. ANDI. 230 174. 163. 190.

(169) 1 3 2011 2002. 2 3. Excel. 3 3. (ANIREF). 4 3. 119 07 2007. 2007 04 25. 164. 23. 27. 1.

(170) 10 CALPIREF. 5 3 03 2003 08 26 2010 08 26. 2010 09 01. 165. 50. 2003 08 27. 52. 11 04 10. 1.

(171) 6 3. 05 10. 2006 02 20. 01 06 2010 08 26 . . 1. 2.571. %13. 2.264. 2010 2.746. 307. 2009 2006 03 08. 166. 2011. 14. 1.

(172) 428. % 15 2010. 2009. % 0.52 % 0.37. 2010. % 0.36 2011. 2010. 2009. % 5.2 % 6.02. 2011. 2011 2000 3 3 2011-2000. 438. 2000. 1.196. 2001. 1.065. 2002. 634. 2003. 882. 2004. 1.081. 2005. 1.795. 2006. 1.662. 2007. 2.594. 2008. 2.746. 2009. 2.264. 2010. 2.571. 2011 World Investment Report 2000-2012. 167.

(173) 2000 2.133. %586. 2011. 2 3 2011-2000. 3000. 2500. 2000. 1500. 1000. 500. 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011. 3 3. Excel. 2. 2011. %1.96. 2009. %1.43. 2010 %1.38. 2011 2005. 168.

(174) 4 3 2011-2005. 2011. 2010. 2009. 2008. 2007. 2006. 2005. 1.38. 1.43. 1.99. 1.51. 1.23. 1.53. 1.05. UNCTADstat. 2005 %2. %1. 2011. 3 3 2011-2005. 4 3. 169. Excel.

(175) 03. 2005. 170. 1.

(176) 1. . . 2 2007 2006 The Global Competitivers Index. 2006 2005. 171. 1.

(177) 1 2. 2 2. 3 2. 4 2. 5 2. 2007 2006. 172. 1.

(178) 6 2. 7 2. 8 2. 9 2. 3 7. 1. 4 2012 2011 04. 173. 87. 142.

(179) 2011. 2010 2009 87. 2011 2010. 86. 0.1. 06. 83. 2010 2009. 04 03 5 3 2011 2010 2009. 2012 2011. 2011 2010. 142.  01. 4.0. 87. 2010 2009. 139. 4.0. 86. 133. 3.9. 83. "The Global Competitiveness Report 2011-2012. 0.1 75. 2010. 80. 0.9. 2011 19. 174. 57.

(180) 6 3 2011 2010 2012 2011. 2011 2010. 142. 139.  05. 4.4. 75. 4.3. 80.  29. 3.1. 127. 3.5. 98.  06. 3.4. 93. 3.5. 87.  38. 5.7. 19. 4.8. 57.  05. 5.5. 82. 5.6. 77.  19. 3.4. 122. 3.5. 107.  03. 3.5. 101. 3.6. 98. 08. 3.4. 134. 3.6. 126.  14. 3.4. 137. 3.7. 123. 2. 2.6. 137. 2.8. 135.  14. 2.8. 120. 3.0. 106.  03. 4.3. 47. 4.3. 50.  28. 2.7. 136. 3.0. 108.  27. 2.9. 135. 3.3. 108.  25. 2.4. 132. 2.8. 107. "The Global Competitiveness Report 2011-2012 ". 5. 175.

(181) 7 3 2011 2010 2012 2011. 2011 2010. 142. 139.  29. 3.1. 127. 3.5. 98.  21. 3.1. 127. 3.6. 106.  30. 2.2. 135. 2.7. 105.  32. 2.8. 99. 3.3. 67.  32. 2.0. 117. 2.4. 85.  19. 3.1. 116. 3.4. 97. 14. 2.5. 126. 2.8. 112.  19. 2.6. 101. 2.8. 82.  15. 3.0. 79. 3.3. 64.  04. 2.3. 136. 2.3. 132.  16. 3.0. 109. 3.3. 93.  04. 3.0. 104. 3.1. 100.  16. 3.1. 137. 3.6. 121. 07. 3.9. 135. 4.4. 128. 33. 4.0. 107. 4.8. 74. 16. 4.5. 103. 5.1. 87. 10. 3.7. 89. 4.0. 79. 17. 3.3. 115. 3.5. 98. 26. 3.5. 130. 4.0. 104. 23. 3.8. 133. 4.1. 110. 16. 3.7. 111. 3.9. 95. 01. 5.3. 60. 5.3. 59. "The Global Competitiveness Report 2011-2012 ". 176.

(182) 2011 2011. 2010. 3.1. 2010. 3.5. 127. 98. 0.4. 3.0. 4.0. 6 2012 2011. 27. 17 37. 14 34. 32. 59. 40. 73. 71. 89. 62. 87 98. 94 137. 2010،2011 2009. 177.

(183) 8 3. 2011 2010 2009 2012 2011. 2011 2010. 142. 2010 2009. 139. 133. 2 1. 3. 5.2. 14. 5.1. 17. 4.9. 22. 2 1. 4. 5.2. 17. 4.9. 21. 4.7. 28. 3. 2. 4.9. 27. 4.9. 25. 4.9. 23. 3 2. 2. 4.6. 32. 4.6. 34. 4.5. 41. 2 1. 1. 4.6. 34. 4.6. 35. 4.5. 39. 3 2. 0. 4.5. 37. 4.5. 37. 4.5. 38. 2. 8. 4.5. 40. 4.7. 32. 4.5. 40. 3 2. 2. 4.3. 59. 4.2. 61. 4.2. 61. 2 1. 7. 4.3. 62. 4.1. 69. 2. 6. 4.2. 71. 4.2. 65. 4.3. 50. 2 1. 2. 4.2. 73. 4.1. 75. 4.0. 73. 2 1. 1. 4.0. 87. 4.0. 86. 3.9. 83. 3 2. 3. 3.9. 89. 3.9. 92. 2 1. 15. 3.9. 94. 4.0. 81. 4. 70. 2 1. 1. 3.8. 98. 6.8. 97. 3.8. 94. 3.7. 100. 3.9. 88. 3.1. 135. 3.3. 127. 1. 2. 3.2. 137. "The Global Competitiveness Report 2011-2012 ". 2011 2010 2009. 178.

(184) 08 15. 7. 1 5.2. 4.0. 4.9. 4.0. 1 2 1 2 3 2. 3. 2 1 2. 3 2 1. 179. 3.

(185) 1. 1 1. 180.

(186) 2 1. 3 1. 10. 0. 4 1. 5 1. 181.

(187) 6 1. 7 1.  10. 0. . 6. 0. 8 1. 182.

(188) 100. 0. 9 1. 10 1. 183.

(189) 2 1 2. 2010،2011،2012 25. 14 % 12.1 % 30.6. 9 3. 2012. 2011. 183. 183. 2010 183. 0. 14. 14. 14. 1. 25. 24. 24. 0.8. 12.1. 12.9. 12.1. 3.6. 30.6. 34.4. 31.0. % %. Doing Business 2012 2011 2010. 2011 2010 14 2012. 184. 2012.

(190) % 0,8. 2012. % 3.6 148 153. 150. 2 2 19 2012 281. %23.1. 10 3. 2012. 2011. 183. 2010. 183. 183. 3. 19. 22. 22. 41. 281. 240. 240. 10.9. 23.1. 44.0. 39.1. %. Doing Business 2012 2011 2010. 2012. 2011 2010 03. %10.9. 240. 185. 2011. 2010.

(191) 281 118. 113. 41. 2012. 110. 3 2 10. 2012 %7.1. 48. 11 3. 2012. 2011. 183. 2010. 183. 183. 1. 10. 11. 11. 1. 48. 47. 47. 0. 7.1. 7.1. 7.1. %. Doing Business 2012 2011 2010. 2012. 2011 2010. 1. 2012 2011. 2011 48. 2010. 10. 2010. 11. 2012. 1 %7.1. 186. 47.

(192) 167. 165. 164. 4 2 6. 2012 4. 6 5،3. 0 10 12 3. 2012. 2011. 183. 2010. 183. 183. 0. 6. 6. 6. 0. 6. 6. 6. 0. 4. 4. 4. 0. 5.3. 5.3. 5.3. Doing Business 2012 2011 2010. 2012. 2011 2010 5.3. 78. 2012 29. 187. 74. 73. 5 2.

(193) %70.2. 451. 13 3. 2012 183. 2011. 2010. 183. 183. 5. 29. 34. 34. 0. 451. 451. 451. 0. 72.0. 72.0. 72.0. %. Doing Business 2012 2011 2010. 2010 2010. 34. 2012 05. 2012. 29. 2011 2011. 451 %72.0 2011. 2010. 168 164. 2012. 6 2 17. 08 1.248. 1.318. 188. 27. 09.

(194) 14 3. 2012. 2011. 183. 2010. 183. 183. 0. 8. 8. 8. 0. 17. 17. 17. 0. 1.248. 1.248. 1.248. 0. 9. 9. 9. 4. 27. 23. 23. 110. 1.318. 1.428. 1.428. Doing Business 2012 2011 2010. 2011. 2010 2012. 110 127. 124. 04 122. 7 2. 2012 3. 189.

(195) 10. 0. 3 6. 2012. 0. %0.3. 15 3. 2012. 2011. 183. 2010. 183. 183. 0. 3. 3. 3. 1. 3. 2. 2. 0.1. 0.3. 0.2. 0.2. %. 0.0. 0.0. 0.0. 0.0. %. Doing Business 2012 2011 2010. 2010 3. 2012. 2011. 2011. 2012 2010 0.1. 138. 190. 135.

(196) 150. 45. 2012. 8 2 %21.9. 630. 16 3. 2012. 2011. 183. 183. 2010 183. 1. 45. 46. 46. 0. 630. 630. 630. 0. 21.9. 21.9. 21.9. %. Doing Business 2012 2011 2010. 2012. 127. 2011. 2010. 123 122 2012 %7. 9 2 2,5 %41,7. 191.

(197) 17 3. 2012. 2011. 183. 2010. 183. 0. 2.5. 2.5. 0. 7.0. 7.0. 0. 41.7. 41.7. 183. %. Doing Business 2012 2011 2010. 2012. 2011. 59 51 3 2012 2011. 12 36. 33. 46. 148. 38. 15. 2012،2011 07. 2005. 07. 192.

(198) 18 3. 2012 2011 2012. 2011. 142. 2. 01. 12. 01. 10. 1. 02. 33. 03. 35. 1. 03. 36. 04. 38. 2. 04. 38. 02. 33. 0. 05. 46. 05. 40. 0. 06. 49. 06. 53. 0. 07. 67. 07. 71. 0. 08. 71. 08. 73. 1. 09. 96. 10. 95. 1. 10. 103. 11. 104. 1. 11. 110. 12. 108. 3. 12. 115. 09. 94. 0. 13. 134. 13. 136. 0. 14. 144. 14. 140. 0. 15. 148. 15. 143. 0. 16. 159. 16. 162. Doing Business 2012 2011. 193. 139.

(199) 2012 2011. 1 1980. ICRG. 1 1 12. 05. 194. . .

(200) . 05. 2 1 100. 0. 05. 49 0 59 50 69 60 79 70 100 80. 2. 1 2. 195.

(201) 100. 0. 2 2. 3. 1 3 . . . . 07. 2 3. DB7- DB6- DB5- DB4- DB3- DB2- DB1 a.b.c.d DB1 DB7 DB1 DB2 DB3. 196.

(202) DB4 DB5 DB6 DB7 4. 1 4. 2 4 . A. 197. A1. . A2. . A3. . A4. .

(203)  B. . C. . D. . 5 2012 2011 2010. 140. 1 5 03. 2012 2011 72.0. 19 3 2012 2011 2010. 2012 2011 140. 2011 2010 140. 2010 2009 140. 72.0 0 2012 2011 2010. 198. 72.0. 70.8.

(204) 2012. 2011. 2010. 2012. 2011. 2010. 1.2. 72.0. 70.8. 2 5. 157. (A4). 2012. 20 3 2012 2011 2010. 2012 2011 157. 0. 2011 2010. 2010 2009. 165. 140. A4 A4. A4. 2012 2011 2010. 2012. 2011. 2010. (A4). 3 5. 199.

(205) 2012 2011. DB5c. 21 3 2012 2011 2010. 2012 2011. 2011 2010. 157. 1. 2010 2009. 165. 140. DB5c DB5b. DB5a. 2012 2011 2010. 2012. 2011 5b. 2010. 5a 2012. 2011. 2010. 6 2012. 1 6 14. 83.5. 81.0 81.0 82.8. 200.

(206) 2012. 2011. 14. 2 6. 2012. 09 A4. A2. C. B. D 2012. 2011. 3 6 14. 2012 DB3a. DB3 d.c.b. 2012. 2011. 2011 2012. 201.

(207) 22 3. 2012 2011. 3. 2. 2012. 2011. 2012. 2011. 2012. 2011. DB3c. DB3a. A3. A3. 83.5. 81.5. DB3c. DB2d. A3. A3. 82.8. 81.3. DB3a. DB2a. A2. A2. 81.0. 82.0. DB3b. DB3a. A4. A4. 81.0. 80.3. DB3d. DB3b. A2. A2. 79.8. 82.5. DB7. DB5a. D. C. 75.5. 80.5. DB4a. DB2d. A4. A3. 74.8. 78.3. DB5c. DB5b. A4. A4. 72.0. 72.0. DB3d. DB3b. A4. A4. 70.5. 72.3. DB4b. DB3d. B. B. 67.8. 69.5. DB5a. DB2c. A4. A4. 64.3. 72.8. DB5b. DB4d. C. C. 61.8. 59.8. DB5d. DB3c. C. B. 60.3. 65.3. C. C. 2012 2011. 202. 1.

(208) . 1995 Wall Sreet Journal. Heritage Foundation. 1 10. 1 1. . 1986. Milton Friedman. Fraser 1994. 1995 1973 Index Of Economic Freedom 2007. 203. The haitage fourditi. The Heritage Foundation www.Heritage.Org:. 1. 2.

(209) 2 1. 3 1. 4 1. 5 1. 204.

(210) 6 1. 7 1. 8 1. 9 1. 205.

(211) 10 1. 2. 100. 0. 49,9 0 59,9 50 69,9 60 79,9 70 100 80 3 2012. 140 51.0. 1. 206. The Heritage foundation ,Index of economic freedom, 2007 .. 184.

(212) 23 3 2012 2011. 2012. 30.0. 20.0. 72.8. 76.3. 54.4. 66.3. 47.9. 82.9. 29.0. 30.0. 2011. 2012. -1.4. 51.0. Index of Economic Freedom2012 / 2011. 2012. 50. 2011. 2012 1.4. 20.0. 29.0. 30.0. 207. 140.

(213) 30.0. 47,9. 54.4 50. 66.3. 72.8. 76.3. 82,9. 208.

(214) 4 18. 16. 2012. 17. 51.0. 18. 42.3. 171. 35.6. 75.2. 176. 12 71.3. 25. 69.9. 59.9 2012. 209. 2011. 50. 60.

(215) 24 3 2012 2011. 2011. 2012. 2012. 12. 80.0. 75.0. 82.8. 70.4. 91.1. 76.5. 72.2. 99.9. 49.0. 55.0. -2.5. 75.2. 50.0. 45.0. 82.5. 77.1. 67.9. 69.7. 73.6. 99.7. 77.0. 70.0. 0.8. 71.3. 25. 60.0. 70.0. 79.6. 81.2. 75.7. 69.5. 67.0. 93.5. 47.0. 55.0. 1.0. 69.9. 32. 50.0. 35.0. 82.6. 80.9. 78.8. 68.0. 80.1. 99.9. 63.0. 55.0. 1.5. 69.3. 35. 60.0. 55.0. 83.7. 72.1. 85.1. 68.2. 53.6. 98.4. 53.0. 50.0. -1.9. 67.9. 47. 50.0. 55.0. 81.6. 71.3. 63.5. 61.8. 47.2. 99.9. 45.0. 50.0. -2.4. 62.5. 71. 60.0. 70.0. 85.4. 71.9. 40.0. 67.1. 58.5. 77.7. 44.0. 50.0. -1.7. 62.5. 73. 50.0. 40.0. 82.3. 64.9. 71.1. 87.5. 37.3. 99.6. 47.0. 45.0. -3.7. 62.5. 74. 60.0. 65.0. 75.7. 77.9. 27.6. 77.2. 74.8. 69.7. 34.0. 40.0. 0.6. 60.2. 87. 60.0. 60.0. 80.4. 76.9. 60.6. 53.9. 68.2. 90.8. 25.0. 25.0. 00. 60.1. 90. 30.0. 35.0. 58.1. 76.9. 74.1. 82.9. 71.5. 74.8. 43.0. 40.0. 0.1. 58.6. 95. 40.0. 65.0. 74.0. 62.3. 53.7. 63.9. 64.1. 89.7. 31.0. 35.0. -1.2. 57.9. 100. 30.0. 45.0. 81.5. 69.3. 57.3. 71.5. 62.8. 83.1. 22.0. 30.0. 1.1. 55.3. 121. 20.0. 20.0. 72.8. 70.9. 50.0. 60.1. 78.5. 84.4. 25.0. 30.0. -0.1. 51.2. 139. 30.0. 20.0. 72.8. 76.3. 54.4. 66.3. 47.9. 82.9. 29.0. 30.0. -1.4. 51.0. 140. 10.0. 0.0. 45.7. 62.0. 51.5. 64.8. 76.9. 80.6. 22.0. 10.0. 0.2. 42.3. 171. 20.0. 10.0. 85.0. 73.6. 20.0. 20.0. 17.9. 80.2. 22.0. 10.0. -2.7. 35.9. 176. Index of Economic Freedom 2012 / 2011. 210.

(216) Transparency.International. 1. . . . 2. 08. 1. 2006 41. 211. 2004. 2.

(217) 25 3. 42. .6. 212. 2004. 1.

(218) 3. 4 10. 0 0 10 10. 0. 5 1995. Transparency. International. 183. 2012 2011. 2012 2011. 112 2.9. 07. 213. 1.

(219) 26 3. 2011 2010. 2012 2011. 178. 183. 0. 2.9. 2010 2009. 112. 2.9. 180. 105. 2.8. 111. 2011 2010 2009. 2012 0.1. 2011. 2.9. 2012. 105. 2010 2011. 07. 2009 112. 6 17 2012 2011. 19. 46. 29. 54 50 11 73. 09 80. 214. 61 57 56. 10.

(220) 0.5. . 7.2 2011 2010. 0.5. . 6.8 2011 2010. 0.2. . 5.1 2011 2010. . 5.0 4.2 4.4 4.5 4.6 4.8. 4.0. 2011 2010.  2.0. 2012 2011 2010. 215. 4.0.

(221) 27 3 2012 2011 2010. 2011 2010. 2012 2011. 2012 2011 2012 2011. 0.5. 7.7. 7.2. 22. 01. 0.5. 6.3. 6.8. 29. 02. 0.2. 4.9. 5.1. 46. 03. 0.5. 5.3. 4.8. 50. 04. 0.1. 4.5. 4.6. 54. 05. 0.2. 4.7. 4.5. 56. 06. 0.3. 4.7. 4.4. 57. 07. 0.2. 4.4. 4.2. 61. 08. 0.5. 4.3. 3.8. 73. 09. 0. 3.4. 3.4. 80. 10. 0. 2.9. 2.9. 112. 11. 0.2. 3.1. 2.9. 112. 11. 0.5. 2.2. 2.7. 120. 13. 0.1. 2.5. 2.6. 129. 14. 0. 2.5. 2.5. 134. 15. 0.1. 2.3. 2.4. 143. 16. 0.2. 2.2. 2.0. 168. 17. 2011 2010 2009. 216.

(222) 2011. 217. 2006.

(223) 219 219.

(224) MCO EVIEWS. SPSS. 1 04 1 1. (Y ) UNCTAD. 2 1. 04. 01. . X1 07. The Global "Competitiveness. X2 ICRG. 220 220. Report. .

(225) . X3 The Heritage Foundation. 10. 0. . X4. Transparency.International. 3 1. 2011. 221 221. 2006.

(226) 1 4. X4 10. 222 222. X1. X3. X2. 3,31 3,51 3,61. 54,30 56,30 57,30. 76,80 78,80 79,80. 3,79 3,94 4,11. 3,21 3,20 3,40 3,50 3,10 3,42 3,62 3,72 3,32 2,98 3,18 3,28 2,88 3,09 3,29 3,39 2,99 3,09 3,29 3,39 2,99. 53,30 54,00 56,00 57,00 53,00 54,70 56,70 57,70 53,70 55,60 57,60 58,60 54,60 55,90 57,90 58,90 54,90 51,40 53,40 54,40 50,40. 75,80 76,80 78,80 79,80 75,80 75,80 77,80 78,80 74,80 69,80 71,80 72,80 68,80 71,00 73,00 74,00 70,00 71,00 73,00 74,00 70,00. 3,76 3,84 3,98 4,05 3,77 3,64 3,78 3,92 3,50 3,83 3,97 4,04 3,76 3,93 4,07 4,14 3,86 3,86 4,14 4,21 3,79. 0. 7. 1. (Y) 323,10 574,40 628,25 269,25 299,16 531,84 581,70 249,30 466,92 830,08 907,90 389,10 494,28 878,72 961,10 411,90 407,52 724,48 792,40 339,60 462,78 822,72 899,85 385,65. 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4. 2006. 2007. 2008. 2009. 2010. 2011.

(227) 2 4 ). X4 10. X1 X3. X2. 33,100. 54,300. 76,800. 54,109. 323,100. 1. 35,100. 56,300. 78,800. 56,259. 574,400. 2. 36,100. 57,300. 79,800. 58,715. 628,250. 3. 32,100. 53,300. 75,800. 53,715. 269,250. 4. 32,000. 54,000. 76,800. 54,857. 299,160. 1. 34,000. 56,000. 78,800. 56,857. 531,840. 2. 35,000. 57,000. 79,800. 57,857. 581,700. 3. 31,000. 53,000. 75,800. 53,857. 249,300. 4. 34,200. 54,700. 75,800. 52,000. 466,920. 1. 36,200. 56,700. 77,800. 54,000. 830,080. 2. 37,200. 57,700. 78,800. 56,000. 907,900. 3. 33,200. 53,700. 74,800. 50,000. 389,100. 4. 29,800. 55,600. 69,800. 54,714. 494,280. 1. 31,800. 57,600. 71,800. 56,714. 878,720. 2. 32,800. 58,600. 72,800. 57,714. 961,100. 3. 28,800. 54,600. 68,800. 53,714. 411,900. 4. 30,900. 55,900. 71,000. 56,143. 407,520. 1. 32,900. 57,900. 73,000. 58,143. 724,480. 2. 33,900. 58,900. 74,000. 59,143. 792,400. 3. 29,900. 54,900. 70,000. 55,143. 339,600. 4. 30,900. 51,400. 71,000. 55,143. 462,780. 1. 32,900. 53,400. 73,000. 59,143. 822,720. 2. 33,900. 54,400. 74,000. 60,143. 899,850. 3. 29,900. 50,400. 70,000. 54,143. 385,650. 4. 0. 7. 1. (Y). 2006. 2007. 2008. 2009. 2010. 2011. 223 223.

(228) (IDEE). 2. 2006. (IDEE) 2011 1 2. n = 24 Sturge. a. E nc.  X max .  X. min 2,5 4 n. . a.  1. Rule. 129 Million Dolars. E. nc = 6. nc Xmax Xmin. n. 224 224.

(229) ‫‪3 4‬‬. ‫‪fi‬‬ ‫‪378.3 – 249,3‬‬. ‫‪5‬‬. ‫‪507.3 – 378.3‬‬. ‫‪7‬‬. ‫‪636.3 – 507.3‬‬. ‫‪4‬‬. ‫‪765.3 – 636.3‬‬. ‫‪1‬‬. ‫‪894.3 – 765.3‬‬. ‫‪4‬‬. ‫‪1023.3 – 894.3‬‬. ‫‪3‬‬ ‫‪24‬‬. ‫‪2 2‬‬. ‫‪1 4‬‬. ‫‪6‬‬ ‫‪4‬‬ ‫‪2‬‬. ‫عدد إحصبئيبت التدفقبت‬. ‫‪8‬‬. ‫‪0‬‬ ‫فئبت التدفقبت ببلمليون دوالر‬. ‫‪EVIEWS‬‬. ‫‪225‬‬ ‫‪225‬‬.

(230) ‫‪2 4‬‬. ‫عدد إحصبئيبت التدفقبت‬. ‫‪8‬‬ ‫‪7‬‬ ‫‪6‬‬ ‫‪5‬‬ ‫‪4‬‬ ‫‪3‬‬ ‫‪2‬‬ ‫‪1‬‬ ‫‪0‬‬ ‫فئبت التدفقبت ببلمليون دوالر‬. ‫‪EVIEWS‬‬. ‫‪3 4‬‬. ‫عدد إحصبئيبت التدفقبت‬. ‫‪8‬‬ ‫‪7‬‬ ‫‪6‬‬ ‫‪5‬‬ ‫‪4‬‬ ‫‪3‬‬ ‫‪2‬‬ ‫‪1‬‬ ‫‪0‬‬ ‫فئبت التدفقبت ببلمليون دوالر‬. ‫‪EVIEWS‬‬. ‫‪226‬‬ ‫‪226‬‬.

(231) 1. 2. 3. 3 2. 1. :‫أوال‬. 577.175. X. 2011/ 2006. Xmax  961,1. Me. 1. 194 167. 227 227. 2010. 22.

(232) 50. 507,3 50. 507,3. 429,9 862,05. MO . Mode  Mode 1 2  645,97 Million Dolars 2. Me  X. «M». :‫ثانيا‬. «Le Semi Interquartile» 50. 200,41. «. IQ » 2. 200,41. R  56,31 %. IQ. R > 50%. 56,31. 507,3 «σx» 232,558. 228 228.

(233) «CV». 45,84. 1,261. «F1». 3. 1 3 ADF. Dikey-Fuller. -6.092906 5. 1. Mackinnon. :Lardic S. Et Mignon V, Econométrie Des Séries Temporelles Macroéconomiques Et Financières », ECONOMICA, 2002, Paris, P. 132.. 229 229.

(234) 4 4. « Dikey-Fuller » Augmented Dickey-Fuller test statistic ADF Test Statistic -6.092906. 1% Critical Value* 5% Critical Value 10% Critical Value. -3.7667 -3.0038 -2.6417. EVIEWS. X1. 2 3. -3.983968 5. ADF. Mackinnon X1 5 4. « Dikey-Fuller » Augmented Dickey-Fuller test statistic ADF Test Statistic -3.983968. 1% Critical Value* 5% Critical Value 10% Critical Value. -3.7667 -3.0038 -2.6417. EVIEWS. Dikey-. X2. 3 3 Fuller. X2. 230 230. d=1.

(235) 3 -6.676339 5. ADF Mackinnon. 6 4. « Dikey-Fuller » Augmented Dickey-Fuller test statistic ADF Test Statistic -1.832619. 1% Critical Value* 5% Critical Value 10% Critical Value. « Dikey-Fuller ». -3.7667 -3.0038 -2.6417. « d=1 ». Augmented Dickey-Fuller test statistic ADF Test Statistic -6.676339. 1% Critical Value* 5% Critical Value 10% Critical Value. -3.7856 -3.0114 -2.6457. EVIEWS. Dikey-. X3. 4 3 Fuller. -3.172714 5. 231 231. ADF Mackinnon.

(236) 7 4. « Dikey-Fuller » Augmented Dickey-Fuller test statistic ADF Test Statistic -3.172714. 1% Critical Value* 5% Critical Value 10% Critical Value. -3.7667 -3.0038 -2.6417. EVIEWS. Dikey-. :X4 ‫ دراسة استقرارية سلسلة متغير الشفافية‬5 3. ADF. Fuller. -3.582764 95. Mackinnon. 8 4. « Dikey-Fuller » Augmented Dickey-Fuller test statistic ADF Test Statistic -3.582764. 1% Critical Value* 5% Critical Value 10% Critical Value EVIEWS. 232 232. -3.7667 -3.0038 -2.6417.

(237) 4. 1 4. Yt  f  X , X , X , X   β  β X  β X '2  β X  β X  ε t 2 3 4 0 1 1 2 3 3 4 4  1. t. Yt. X4 X3 X1.  . t X’2 . t X4 X3 X2 X1. ß0 . Y. ß4 ß3 ß2 ß1  Y :εt. . SPSS. Y  - 3575,922  33,358 X 11,599 X '  28,513 X  21,859 X  ε t 1 2 3 4 t tc (-2,722) (1,851) (0,602) (1,496) (1,095)  (1313,659) (18,019) (19,256) (19,061) (19,964).  ε 2t  156,347. 233 233. ;. R 2  0,616 ;.

(238) R  0,530. r YX. r YX '. =0,643 ; 1. ;. R  0,785. = 0,632 ;. 2. r YX. ; Fc= 7,211 = 0,635 ;. 3. r YX. ; = 0,551 4. R2  ε 2t. R 1 1 4. Ho. H : β  β       0 0 0 1 2 3 4 Yt. X. 4. X. 3. X' 2. X. Yt. 1. H1. H :  β  β  β  β  β / β  0 β  0 β  0  β  0  β  0 1 0 1 2 1 2 3 4 0 3 4 7,211. F K-1 ; n-K ; % = F 4 ; 18 ; 5% = Yt. 234 234. X ، X '2، X ، X 1 3 4. Fc 2,93. 5.

(239) β4. β 3 β 2 β1 β 0. β 4 β 3 β 2 β1 β 0 β. . 0. H :β  0 0 0 H : 0 1 0 t c  - 2,722. t. th n-K ; % =. t th 18 ; 5% =. 2,100. tc β. -3575,922. 0. 3575,922. 5. X4 X3 X’2 X1 . β 1 H :β  0 0 1 H : 0 1 1 t c  1,851. t. th n-K ; % =. t th 18 ; 5% =. β 1. tc  t. 5. 235 235. 2,100. th. 33,358.

(240) β. . 2. H :β  0 0 2 H : 0 1 2 t c  0,602. t. th n-K ; % =. t th 18 ; 5% =. 2,100. β2. 11,599. tc  t. th. 5. . β3. H :β  0 0 3 H :  0 1 3 t c  1,496. t. th n-K ; % =. t th 18 ; 5% =. 2,100. β3. 28,513. tc  t. th. 5. β4. H :β  0 0 4 H :  0 1 4 t c  1,095. t. 236 236. th n-K ; % =. t th 18 ; 5% =. 2,100. .

(241) β4. 21,859. tc  t. th. 5. . β2. 19,256. X’2   ε2 t . 156,347. 2 1 4. . % 61,6 . 01 . ..  33,358 β4. β3 β 2. . X4. r r. % 61,5 % 47,9. 237 237. X’2. X3 X’2. X1. X3. X1.

(242) X4 277 X '2،X. 03. 05 2 4. 3. X1 X4 Yt  f  X , X   β  β X  β X  ε t 0 1 1 4 4  1 4. SPSS. Yt  - 3440,784  48,493 X  39 ,995 X  ε t 1 4 tc (-4,218) (3,378) (2,543)  (815,785) (14,354) (15,726).  ε 2t  159,269 R  0,513 ;. ;. R  0,746. R 2  0,557 ; ; Fc= 12,570. ; 1 2 4. Fc 5. 12,570. F K-1 ; n-K ; % = F 2 ; 20 ; 5% = 3,49 X ‫ أو‬X 1 4. Yt. 238 238.

(243) β0. β 4 β1 β 0 β 4 β1 β. . 0. H :β  0 0 0. H : 0 1 0 t c   4,218. t. th n-K ; % =. t th 20 ; 5% =. 2,086. %5. tc H0. 20. β. -3440,784. 0. %5. -3440,784. X4 X1 . β 1 H :β  0 0 1. H : 0 1 1 t c  3,378. t. th n-K ; % =. t th 20 ; 5% =. 2,086. X1. t. 48,493. X1. 239 239. β 1 5. c. t. th.

(244) . β4 H :β  0 0 4. H :  0 1 4 t c  2,543. t. th n-K ; % =. t th 20 ; 5% =. 2,086. β4. t. c. t. th. X4. 5. . 2 2 4.  . . 0.643 0.632 0.635 0.551 02 55,7. . . 240 240.

(245)  . X1 48,493. . X4 39,995. . X1 X4 5. 88.48. Singh Et Jun. Singh Et Jun. :‫ لمزيد من التفاصيل انظر‬: 1 Singh. H And Jun. K.W, Some New Evidence On Determinants Of Foreign Direct Investment In Developing Countries, World Bank Policy Research Working Paper, N° 1531 , 1995 .. 241 241.

(246) Wilhelms Saskia.. Wilhelms Saskia. 67. Bastos Et Nasir Bastos Et Nasir. :‫ لمزيد من التفاصيل انظر‬: 1 Wilhelms Saskia, L'investissement Direct Etranger Et Ses Eléments Déterminants Dans Les Economies Naissantes, Agence Des Etats Unis Pour Le Développement International, PP9-10, Juillet 1998. :‫ لمزيد من التفاصيل انظر‬: 2 Bastos, Fabiano; Nasir, John; Productivity And The Investment Climate : What Matters Most?, Policy, Research Working Paper Series ; No. WPS 3325,Vol 01/01,World Bank,2004.. 242 242.

(247) Egger Et Winner Egger Et Winner. 39,995. :‫ لمزيد من التفاصيل انظر‬: 1 Egger, Peter & Winner, Hannes, How Corruption Influences Foreign Direct Investment: A Panel Data Study, Economic Development and Cultural Change, University of Chicago Press, vol. 54(2), p 459-86, January, 2006.. 243 243.

(248) Bouklia Et Zatla. 4. Bouklia Et Zatla. 1997 1976. Sekkat Et Méon. Sekkat Et Méon. 5. 88.48. :‫ لمزيد من التفاصيل انظر‬: 1 Bouklia, Rafik And Zatla, Nagat, The FDI Determinants And Its Effect On The Economic Growth In South And East Mediterranean, Marcella, France, Round Table Conference March , 2001. :‫ لمزيد من التفاصيل انظر‬: 2 Sekkat. K Et Méon. P.G, Does The Quality Of Institutions Limit The MENA’s Integration In The World Economy, Annual Bank Conference On Development Economics-Europe, Belgium, May 10-11, 2004 .. 244 244.

(249) X1 X4. 48,493 39,995 X4 5. 245 245. X1 88.48.

(250) 247.

(251) UNCTAD. 248.

(252) 1963 2001. 2006 2011. X1. 249.

(253) X4. 48,493 39,995. 250.

(254) 1. 2. 3. 4. 5. 6. 251.

(255) 1 1 2000. 2 3 1999. 1998. 4 5 2004 6 1996 1 7 2003. 1998. 8 9 2004 10 1998 11 2002 12 1999 13 1970 14. 253.

(256) 15 16 2002 17 1994 2004. 18. 2000. 19. 1989. 20 21 2007 22 2005. 2008. 23 24 2003 25 2002 26 1990 27 2003 2003. 28. 2003. 29 30 2008. 254.

(257) 31 2008 32 1997. 5. 2000. 33. 2000. 34 35 2001 36 2005 37 38 1996 1 39 1981. 1998. 40 41 1986 42 1978 43 2003 44 2003 45 2002. 255.

(258) 46. 2006. 47. 2000. 48 1980. 49. 2003. 50 51 1999 52 2007 2. World Investment Report 2012, UNCTAD. 2012. 53. World Investment Report 2001, UNCTAD /2001. 54. World Investment Report 2006, UNCTAD /2006. 55. 2012 2011. 56. 2006 2005. 57. 2007 The Heritage Foundation 2004. 58 59. 2012 2011 Doing Business 2012 2011 2010. 2011 2010. 60 61. 62 2012 2011 2010 2009. 256. 63.

(259) 64 2006 2004. 65. 2005. 66 3 68. 2004. 69. 2009 4 1963 08 02. 53. 70. 1966 09 17. 80. 71. 1982 08 24. 34. 72. 1982 08 31. 35. 73. 35. 74. 1986 08 27 1982 08 31 1990 04 18. 75. 16. 76. 1990 04 18. 64. 77. 2001 08 22. 47. 78. 2009 07 26 2010 08 29 2003 12 07 2003 07 20. 257. 35. 44. 79. 49. 80. 75 43. 81 82.

(260) 2001 09 26. 55. 83. 2002 09 24. 55. 84. 2002 10 16. 68. 85. 27. 86. 2007 04 25 2003 08 27. 52. 2010 09 01. 50. 2006 03 08. 14. 87 88 89 5. 2004. 90 91. 31 2009. 92 2010. 22 6. www.Heritage.Org:. 93 www.Andi.dz 94. 258.

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(265) 41. 1-1. 52. 2-1. 58. 3-1. 60. 4-1. 65. 5-1. 115. 1-2. 119. 2-2. 135. 2000. 1989. 3-2. 137. 2005. 2001. 4-2 5-2. 138. 2011 2005 6-2. 139. 2011 2010 2009 7-2. 144. 2011 2010 2009 1-3. 154 161. 165 167 172. 264. 2011 2002 2011-2000 2011-2005 2011 2010 2009. 2-3. 3-3 4-3 5-3.

(266) 2011 2010. 6-3. 173. 7-3. 174. 2011 2010 8-3. 176. 2011 2010 2009 182. 9-3. 183. 10-3. 184. 11-3. 185. 12-3. 186. 13-3. 187. 14-3. 188. 15-3. 189. 16-3. 190. 17-3 18-3. 191. 2012 2011 196. 2012 2011 2010. 19-3. 197. 2012 2011 2010. 20-3 21-3. 198. 2012 2011 2010 22-3. 200. 2012 2011 205. 265. 2012 2011. 23-3.

(267) 24-3. 208. 2012 2011 210. 25-3. 212. 26-3. 214. 27-3. 2012 2011 2010 1-4. 224 225. 266. ). 2-4. 227. 3-4. 232. 4-4. 232. 5-4. 233. 6-4. 234. 7-4. 234. 8-4.

(268) ‫‪1-1‬‬. ‫‪20‬‬. ‫‪2-1‬‬. ‫‪26‬‬. ‫‪3-1‬‬. ‫‪80‬‬. ‫‪1-2‬‬. ‫‪111‬‬ ‫المضيفة‬. ‫‪2-2‬‬ ‫‪3-2‬‬. ‫‪132‬‬ ‫‪136‬‬. ‫‪2001‬‬. ‫‪2005‬‬. ‫‪4-2‬‬. ‫‪138‬‬. ‫‪2011 2005‬‬ ‫‪1-3‬‬. ‫‪2-3‬‬. ‫‪3-3‬‬. ‫‪2011 2002‬‬ ‫‪2011-2000‬‬. ‫‪2011-2005‬‬. ‫‪162‬‬. ‫‪166‬‬. ‫‪167‬‬. ‫‪1-4‬‬. ‫‪227‬‬. ‫‪2-4‬‬. ‫‪228‬‬. ‫‪3-4‬‬. ‫‪228‬‬. ‫‪267‬‬.

(269) ‫ىة‬ 1. 269. x4. x3. 35,100. 56,300. 2,000. 56,259. 574,400. 2. 36,100. 57,300. 1,000. 58,715. 628,250. 3. 32,100. 53,300. -4,000. 53,715. 269,250. 4. 32,000. 54,000. 1,000. 54,857. 299,160. 1. 34,000. 56,000. 2,000. 56,857. 531,840. 2. 35,000. 57,000. 1,000. 57,857. 581,700. 3. 31,000. 53,000. -4,000. 53,857. 249,300. 4. 34,200. 54,700. 0,000. 52,000. 466,920. 1. 36,200. 56,700. 2,000. 54,000. 830,080. 2. 37,200. 57,700. 1,000. 56,000. 907,900. 3. 33,200. 53,700. -4,000. 50,000. 389,100. 4. 29,800. 55,600. -5,000. 54,714. 494,280. 1. 31,800. 57,600. 2,000. 56,714. 878,720. 2. 32,800. 58,600. 1,000. 57,714. 961,100. 3. 28,800. 54,600. -4,000. 53,714. 411,900. 4. 30,900. 55,900. 2,200. 56,143. 407,520. 1. 32,900. 57,900. 2,000. 58,143. 724,480. 2. 33,900. 58,900. 1,000. 59,143. 792,400. 3. 29,900. 54,900. -4,000. 55,143. 339,600. 4. 30,900. 51,400. 1,000. 55,143. 462,780. 1. 32,900. 53,400. 2,000. 59,143. 822,720. 2. 33,900. 54,400. 1,000. 60,143. 899,850. 3. 29,900. 50,400. -4,000. 54,143. 385,650. 4. x’2. x1. y 2006. 2007. 2008. 2009. 2010. 2011.

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