Institutions and Growth in the Arab and Middle Eastern Countries
We assess the impact of the quality of public institutions on economic growth during the period 1995-2013 in the Arab and Middle Eastern (AME) countries. We use a sample of 99 countries, of which 17 AME countries, and employ a dynamic panel approach that controls for unobserved heterogeneity, commo...
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| Format: | Article |
| Language: | English |
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EconJournals
2017-01-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/3356 |
| _version_ | 1797908440887066624 |
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| author | Georges Harb |
| author_facet | Georges Harb |
| author_sort | Georges Harb |
| collection | DOAJ |
| description |
We assess the impact of the quality of public institutions on economic growth during the period 1995-2013 in the Arab and Middle Eastern (AME) countries. We use a sample of 99 countries, of which 17 AME countries, and employ a dynamic panel approach that controls for unobserved heterogeneity, common shocks affecting the sample countries, and accounts for the endogeneity of the regressors. From a global standpoint, the impact of institutions on growth seems to be depending on the development level. From a regional perspective, the effect of institutions on economic outcome in the AME countries is found positive but insignificant. The prevalence of extractive industries could explain the insignificant effect of institutions on economic performance in some AME countries. In others, the insignificant result is likely to reflect shortages in technological readiness and inefficient resource-allocation policies.
Keywords: Arab and Middle Eastern countries; growth; institutions; corruption; dynamic panel estimation
JEL Classifications: O43, O47
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| first_indexed | 2024-04-10T10:52:44Z |
| format | Article |
| id | doaj.art-021de62575cd4d0a9d44f76a2c2e41da |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T10:52:44Z |
| publishDate | 2017-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-021de62575cd4d0a9d44f76a2c2e41da2023-02-15T16:20:04ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382017-01-0171Institutions and Growth in the Arab and Middle Eastern CountriesGeorges Harb0Notre Dame University - Louaize (NDU), Department of Economics; Zouk Mosbeh, Lebanon; P.O.Box: 72, Zouk Mikael; We assess the impact of the quality of public institutions on economic growth during the period 1995-2013 in the Arab and Middle Eastern (AME) countries. We use a sample of 99 countries, of which 17 AME countries, and employ a dynamic panel approach that controls for unobserved heterogeneity, common shocks affecting the sample countries, and accounts for the endogeneity of the regressors. From a global standpoint, the impact of institutions on growth seems to be depending on the development level. From a regional perspective, the effect of institutions on economic outcome in the AME countries is found positive but insignificant. The prevalence of extractive industries could explain the insignificant effect of institutions on economic performance in some AME countries. In others, the insignificant result is likely to reflect shortages in technological readiness and inefficient resource-allocation policies. Keywords: Arab and Middle Eastern countries; growth; institutions; corruption; dynamic panel estimation JEL Classifications: O43, O47 http://mail.econjournals.com/index.php/ijefi/article/view/3356 |
| spellingShingle | Georges Harb Institutions and Growth in the Arab and Middle Eastern Countries International Journal of Economics and Financial Issues |
| title | Institutions and Growth in the Arab and Middle Eastern Countries |
| title_full | Institutions and Growth in the Arab and Middle Eastern Countries |
| title_fullStr | Institutions and Growth in the Arab and Middle Eastern Countries |
| title_full_unstemmed | Institutions and Growth in the Arab and Middle Eastern Countries |
| title_short | Institutions and Growth in the Arab and Middle Eastern Countries |
| title_sort | institutions and growth in the arab and middle eastern countries |
| url | http://mail.econjournals.com/index.php/ijefi/article/view/3356 |
| work_keys_str_mv | AT georgesharb institutionsandgrowthinthearabandmiddleeasterncountries |