Do Globalization and Economic Freedom Trigger Economic Growth in MENA Countries? Empirical Evidence and Policy Implications
Journal Title: Academic Journal of Economic Studies - Year 2017, Vol 3, Issue 2
Abstract
The present paper examines the impact of globalization and economic freedom on economic growth in 14 MENA countries over the period 1995-2011, through the use of panel data analysis. According to Hausman test, the fixed effects model is the most appropriate one, and it illustrates that the globalization index displays a positive influence on the MENA region’s economic growth; also economic freedom exhibits a significant positive effect on economic growth in 14 MENA countries. Based on these findings, it could be concluded that there is a great opportunity for MENA countries to achieve high growth rates through implementing sound trade policies, fostering the financial system development and creating more favorable investment climate, it is also recommended to enact suitable macroeconomic policies and pay more attention to the coherent work of the triptych resources, technology and competition. As well as, the MENA region is committed to strengthen the institutional quality that supports the proper functioning of markets and curbs the pervasive corruption.
Authors and Affiliations
Siham Matallah, Amal Matallah
Keywords
Related Articles
- EP ID EP178102
- DOI -
- Views 106
- Downloads 0
Romanian Tourism as a Part of the European Union: Changes and Adaptations
The demand and the supply for tourism increased tremendous during the last ten years as a result of enlargement of leisure and free time availability, a growth in paid tourists packages, an increase in bought holidays us...
Econometric Modelling: The Impact of Tourism Tax to Incomes Amount
Assessing the impact of the change in the value-added of tourism in Azerbaijan on the state budget revenue by modeling the econometric model. Comparative statistical analysis, correlation - regression method of mathemati...
The Impact of IFRS 16 on the Companies’ Key Performance Indicators: Limits, Advantages and Drawbacks
This article focuses on the impact of the new standard IFRS 16 Leases on the companies’ key performance indicators. The magnitude of this impact could be said to change depending on the usage density of the lease in the...
IFRS Compliance Appraisal: Evidence from Nigeria and Ghana
This study appraises the quality of compliance upheld by selected Nigerian and Ghanaian manufacturing companies to minimum disclosure requirements of IFRS during financial reporting. Hence, It determines whether any sign...
The Effect of Leverage and Financial Distress on Earnings Management with Good Corporate Governance as the Moderating Variable
Every investor wants his company’s financial statement to be in accordance with the condition of the company. In practice, it often occurs that a company does profit management to attract investors’ interest. The factors...