Democracy, Investment and Economic Growth
The main purpose of this paper is to identify the relationship between democracy, investment and economic growth for a sample of 11 countries from the MENA region during the period 2000-2009, by using a dynamic panel data model. The democracy’ effect on the contribution of investment to economic gr...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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EconJournals
2012-05-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/108 |
| _version_ | 1828017598489427968 |
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| author | Hadhek Zouhaier Kefi Mohamed Karim |
| author_facet | Hadhek Zouhaier Kefi Mohamed Karim |
| author_sort | Hadhek Zouhaier |
| collection | DOAJ |
| description |
The main purpose of this paper is to identify the relationship between democracy, investment and economic growth for a sample of 11 countries from the MENA region during the period 2000-2009, by using a dynamic panel data model. The democracy’ effect on the contribution of investment to economic growth has been the subject of a second empirical study within the framework of this research paper. The main outcomes drawn by these two empirical tests prove that there is a significant link between on the one hand the democracy and investment and on the other hand between civil liberties and economic growth. The outcomes also highlight a positive interaction between political rights and investment.
Keywords: Political rights; Civil liberties; Investment; Economic growth; Dynamic panel
JEL Classifications: O43; O47; C23
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| first_indexed | 2024-04-10T10:51:23Z |
| format | Article |
| id | doaj.art-c8997caa928b474f892415a069ecadc0 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T10:51:23Z |
| publishDate | 2012-05-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-c8997caa928b474f892415a069ecadc02023-02-15T16:20:08ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382012-05-0123Democracy, Investment and Economic GrowthHadhek Zouhaier0Kefi Mohamed Karimhigher Education The main purpose of this paper is to identify the relationship between democracy, investment and economic growth for a sample of 11 countries from the MENA region during the period 2000-2009, by using a dynamic panel data model. The democracy’ effect on the contribution of investment to economic growth has been the subject of a second empirical study within the framework of this research paper. The main outcomes drawn by these two empirical tests prove that there is a significant link between on the one hand the democracy and investment and on the other hand between civil liberties and economic growth. The outcomes also highlight a positive interaction between political rights and investment. Keywords: Political rights; Civil liberties; Investment; Economic growth; Dynamic panel JEL Classifications: O43; O47; C23 https://econjournals.com/index.php/ijefi/article/view/108 |
| spellingShingle | Hadhek Zouhaier Kefi Mohamed Karim Democracy, Investment and Economic Growth International Journal of Economics and Financial Issues |
| title | Democracy, Investment and Economic Growth |
| title_full | Democracy, Investment and Economic Growth |
| title_fullStr | Democracy, Investment and Economic Growth |
| title_full_unstemmed | Democracy, Investment and Economic Growth |
| title_short | Democracy, Investment and Economic Growth |
| title_sort | democracy investment and economic growth |
| url | https://econjournals.com/index.php/ijefi/article/view/108 |
| work_keys_str_mv | AT hadhekzouhaier democracyinvestmentandeconomicgrowth AT kefimohamedkarim democracyinvestmentandeconomicgrowth |