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Articles 1 - 5 of 5
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 …
Taking Into Account Sustainable Development For Mena Countries: The Calculation Of A Modified Hdi Index, Nathalie Hilmi, Alain Safa, Nicolas Peridy, Messaoud Zemouri
Taking Into Account Sustainable Development For Mena Countries: The Calculation Of A Modified Hdi Index, Nathalie Hilmi, Alain Safa, Nicolas Peridy, Messaoud Zemouri
Topics in Middle Eastern and North African Economies
GDP, a measure of economic welfare, may be supplemented with other measures of economic welfare and environmental sustainability. This article discusses alternative measures which have been proposed in the literature concerning pollution, which can be used to augment GDP as a measure of welfare to produce a better index.
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 …
Quantitative Evaluation Of The Struggle Of Economic Performance: The Case Of Mena Countries, Noha Emara
Quantitative Evaluation Of The Struggle Of Economic Performance: The Case Of Mena Countries, Noha Emara
Topics in Middle Eastern and North African Economies
The recent political uprising in the Middle East and North African (MENA) economies shines the light on evaluating the so-called structural reforms that are aimed at achieving economic freedom. This paper examines the impact of liberal policies on the economic performance of labor and capital productivity in MENA economies. Using nonlinear Panel Least Squares regression with regional dummies and period fixed effects (LSDV) for a sample of 18 MENA countries over the period 1995-2009, the study estimates the impact of different aspects of economic freedom on labor and capital productivity. The economic freedom measure encompass different areas, including freedom of …
Fdi And Absorptive Capacity In Emerging Economies, Nagwa Hosny Khordagui, Gehan Saleh
Fdi And Absorptive Capacity In Emerging Economies, Nagwa Hosny Khordagui, Gehan Saleh
Topics in Middle Eastern and North African Economies
Inward FDI is believed to promote economic growth and transfer technology across countries. This led many economies to promote policies that encourage and support inward FDI. Researchers have been undertaking empirical research to determine whether inward FDI does in fact have the proclaimed effect on the economy. The findings from the studies on the spillover effects of FDI are mixed. More recent studies explain that it is not a matter of whether FDI influences the host country’s economy; but rather of whether the necessary factors for the existence of spillover effects are present. This raises the issue of what is …