MENA Region Remains at Crossroads: A Panel Analysis Modelling Political Stability And Economic Freedom To Determine Economic Growth
Journal Title: MSA-Management Sciences Journal (MSA-MSJ) - Year 2023, Vol 2, Issue 3
Abstract
This paper seeks to revisit the theoretical and empirical literature to assess the MENA region’s economic growth indicators after more than 10 years of the Arab Spring events and it aims to examine how political stability and higher scores of economic freedoms affect economic growth in 14 MENA region countries over a time span of 20 years from 2001- 2021. The main econometric estimation uses the Arellano–Bover/Blundell–Bond model via a Generalized Method of Moments (GMM) estimator to address the endogeneity and reverse causality existing between political and economic freedom measures and economic growth. The main findings detect a positive relationship between political stability and economic growth across robust estimations, whereas a positive relationship was confirmed for most of the Economic Freedom Index components to impact economic growth.
Authors and Affiliations
Azza Mohamed Kamal, Esmat Mostafa Kamel, Salah Ahmed Fadel, Marcis Esmits
Keywords
Related Articles
- EP ID EP719914
- DOI 10.21608/MSAMSJ.2023.225886.1021
- Views 35
- Downloads 0
THE IMPACT OF MONETIZATION ON THE TUNISIAN ECONOMY USING A SIMPLE DSGE MODEL
The presence of money in the economy is mostly considered obvious. This paper investigates the effect of monetization on the Tunisian economy with a Dynamic Stochastic General Equilibrium (DSGE) model. The article...
TESTING PURCHASING POWER PARITY IN THE EUROZONE: A UNIT ROOT ANALYSIS
The Purchasing Power Parity (PPP) hypothesis is a central and important equilibrium condition in international finance and macroeconomics, proposing that nominal exchange rates and prices have a proportional relationship...
Mapping The Literature of Family Business Management (FBM): Bibliometric Analysis and Systematic Review
The purpose of this paper is to conduct a Systematic Review and Bibliometric Analysis in the area of Family Business Management. Data was collected from Scopus database, with the help of advance search feature, initially...
Factors Influencing High School Students' Enrollment Intention In National Universities
This paper examines the factors influencing high school students' enrollment intention in National Universities. A conceptual model was constructed and tested using a quantitative research technique. The data was collect...
The Moderating Role of Board Governance on the Relationship Between Managerial Overconfidence and Corporate Risk: Evidence from Emerging Markets
The study investigated the effect of managerial overconfidence on corporation risks within the moderator role of board governance in Brazil, Egypt, India, Russia, Saudi Arabia, South Africa, and Turkey as emerging market...