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 60
- Downloads 0
Studying the Moderating Effect of Consumers’ Demographics on the Relationship between Green Marketing Strategies and Perception of Climate Change: A Field Study on Fast Food Restaurants in Egypt
This research aims to study the effect of green marketing strategies (environmentally friendly marketing activities from production to product delivery) of fast-food restaurants on Egyptian consumers’ perception of clima...
Assessing the Influence of Investor Sentiment on the Performance of the Stock Prices: Analyzing Stock Returns and Volatility During the COVID-19 Pandemic and Periods of Market Fluctuations
The primary objective of this study is to examine how investor sentiment affects stock market performance, with a particular focus on two indicators: stock returns and stock market volatility. The analysis takes into acc...
Empirical Evidence on Testing the Efficient Market Hypothesis in Egypt: Case of Currency Devaluation
The impact of economic events on stock markets and their reflection on returns of financial markets, has been an area of profound importance. Hence, based on importance of the currency devaluation on the economic develop...
Mapping the landscape of Digital Technology and Society: A Systematic Review and Bibliometric Analysis
This paper is based on systematic review and bibliometric analysis of Digital Technology and Society. The chief purpose of this review paper is to provide a holistic perspective of publication trend and trajectory in te...
Nexus Among Augmented Reality, Customer Purchase Intention, Customer Experience And Customer Brand Relationship: Application on Vichy Brand
The paper aims to investigate the relationship between augmented reality, customer purchase intention, customer brand relationship and customer experience using survey data from 320 respondents. The researchers provided...