Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
The Impact Of Governance On Economic Growth: The Case Of Middle Eastern And North African Countries, Noha Emara, I-Ming Chiu
The Impact Of Governance On Economic Growth: The Case Of Middle Eastern And North African Countries, Noha Emara, I-Ming Chiu
Topics in Middle Eastern and North African Economies
The main goal of this paper is to evaluate the impact of governance on economic growth using a group of 188 countries. Although our main focus is on the 21 Middle Eastern and North African (MENA) countries, our findings can be applied to the other countries as well. We create a “composite governance index” (CGI) that summarizes the existing six governance measurements in the Worldwide Governance Indicators (WGI), using the Principal Components Analysis (PCA) method. The first principal component derived from the WGIs explains as much as 81% of the variations in the original six WGI measurements. We then use …
Governance And Economic Growth: Interpretations For Mena Countries, Noha Emara, Eric Jhonsa
Governance And Economic Growth: Interpretations For Mena Countries, Noha Emara, Eric Jhonsa
Topics in Middle Eastern and North African Economies
Using Two-stage Least Square (TSLS) regression for cross-sectional observations of 197 countries for the year 2009, the study estimates the impact of the improvement in the quality of governance on per capita income and the increase in per capita income on the quality of governance. Following Kaufman and Kraay (2002) methodology, the results suggest a positive, strong statistically significant causation from quality of governance to per capita income. In addition, the results suggest a positive causation from per capita income to quality of governance. The estimation results are used to interpret the relationship between governance and growth for 22 MENA …
Competition And Economic Growth: An Empirical Analysis With Special Reference To Mena Countries, Marwa W. Gomaa
Competition And Economic Growth: An Empirical Analysis With Special Reference To Mena Countries, Marwa W. Gomaa
Topics in Middle Eastern and North African Economies
The underlying study analyzes the impact of competition on economic growth, and tests whether this impact might change according to the technological gap between the observed country and the technological leader country. Using panel data estimation for a sample of 115 countries over the period 1995-2010, and controlling for the MENA countries in the sample, the results suggest that intensive domestic competition, proxied by business freedom, tends to hinder the growth rate of an economy independent of the country's distance from the technological frontier, providing evidence in support to the Schumpeterian argument. However this effect is almost negligible for MENA …
Oil Prices Once Again: The Link Towards Middle East Economies, Erhan Aslanoğlu, Pinar Deniz
Oil Prices Once Again: The Link Towards Middle East Economies, Erhan Aslanoğlu, Pinar Deniz
Topics in Middle Eastern and North African Economies
Recently, it is observed that current account surplus in oil exporting countries have been rising with the help of peaking oil prices. Expansionary monetary policies of major central banks boosting the speculation on commodity prices, political turmoil in Middle East region which is called the “Arab Spring,” and most importantly rising energy demand in the world economy due to high average growth rates of developing countries are argued to be the main reasons for the rising oil prices. This study aims to clarify the global stance of oil prices examining causes and how this affects Middle East economies (MEEs) separately …