The Constraints of Private Investment in the Palestinian Economy: Applied Study on Companies Listed on the Palestine Securities Exchange معوقات الاستثمار الخاص في الاقتصاد الفلسطيني: دراسة تطبيقية على الشركات المدرجة في سوق فلسطيـن للأوراق المالية
DR. Majed Hosny Sobieh أ. د. ماجد حسني صبيح
Dr. Odeh Masharkeh د. عودة الله بدوي مشارقة
Journal Title:Arab Journal of Administration
The main aim of this study was to identify the most important constraints in the political, economic, legal, judicial and administrative fields of private investment in the Palestinian economy. The study used the descriptive analytical method. A soft sample of 31 companies listed in the Palestinian Stock Exchange Market was selected in the period of data collection from the beginning of November until 18 December 2018. The statistical program (SPSS) was used to conduct statistical analysis of data. The Likert Scale, the Cronbach’s Alpha and the One-way ANOVA tests were also employed to identify the significance of the mean differences among the members of the study sample and the Scheffe test to find the source of the differences. The study came up with a number of conclusions, the most important of which, are the following:
First: The axis of political obstacles: The phrase that obtained the highest degree of approval in the axis of political obstacles was (the Israeli blockade) with approval rate of 94.8% followed by the (control of Israel on the crossings and the Palestinian external borders) of 92.3%.
Second: The axis of economic obstacles: The phrase that obtained the highest degree of approval in the axis of economic obstacles was (control of the Israeli occupation of the procedures of import and export) where approval rate amounted to 92.3% followed by (the consequences of the Paris Economic Convention) which amounted to 89.0%.
Third: Legal and Judicial Obstacles: The phrase that obtained the highest degree of approval in the axis of legal and judicial obstacles was (the doubled legislations and laws adopted in the West Bank and Gaza Strip) with approval rate of 88.4%, and (the disruption of the Legislative Council) of 83.9%, followed by (the length of litigation in commercial and financial disputes) of 80.6%.
Fourth: The axis of obstacles in public administration: The two terms that received the highest degree of approval in the center of the conditions of public administration are (slow government procedures to pay the private sector) and (the inadequacy to find external marketing outlets) with approval rate of 83.2% each.
The study recommended the adoption of a number of policies and procedures that may help improve the private investment environment in the Palestinian economy.
Keywords: Investment, Private Investment, Investment Constraints, Palestinian Economy.