THE RELATIONSHIP BETWEEN DEMOCRACY AND ECONOMIC GROWTH IN MUSLIM MENA COUNTRIES (SPATIAL ECONOMETRIC APPROACH)
Impact of democracy and governance on the economic growth and development has always been a matter of conflict among researchers. In this research, by using data of 18 Muslim countries of MENA region during 2008-2014 by spatial econometric approach, impact of democracy on the economic growth is stud...
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| Format: | Article |
| Language: | English |
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Journal of Smart Economic Growth
2017-11-01
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| Series: | Journal of Smart Economic Growth |
| Online Access: | https://jseg.ro/index.php/jseg/article/view/27 |
| Summary: | Impact of democracy and governance on the economic growth and development has always been a matter of conflict among researchers. In this research, by using data of 18 Muslim countries of MENA region during 2008-2014 by spatial econometric approach, impact of democracy on the economic growth is studied by democeracy index. The results show that democracy in the surveyed region has had a negative impact on the economic growth. The results of spatial panel data model indicate that there is a spatial relationship between the economic growth of MENA region countries and physical capital has also a spatial spillover effect. |
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| ISSN: | 2537-141X |