The Impact of Governance on Economic Growth in Middle East and North Africa: An Econometric Analysis Using Panel Data
- Hamid Nounou
- Mohamed Karim
Abstract
The following research examines the relationship between governance and economic growth. The study aims to assess the positive or negative effects of governance on economic growth in a sample of 13 countries within the Middle East and North Africa (MENA) region over the period 2002-2022, employing panel data estimation techniques.
The results indicate that the synthetic governance index has a positive but statistically insignificant effect on economic growth in the region. Additionally, human capital is found to have a significant and positive impact on national economic growth. Conversely, trade openness, investment, and inflation rate negatively affect economic growth.
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- DOI:10.5539/ijef.v17n3p95
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