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Full-Text Articles in Social and Behavioral Sciences
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 …