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
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- EP ID EP719914
- DOI 10.21608/MSAMSJ.2023.225886.1021
- Views 58
- Downloads 0
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