The Microeconomics of Growth in the MENA Region

A Panel Analysis of Good Governance and FDI on Economic Growth in MENA Region

The paper focuses on regional trade agreements and economic co-operation and develops a new appropriate approach to study their impact on growth and trade. The approach is based on an endogenous trade-growth theory and novelly specified in an economic integration (expenditure) framework which is the conceptual foundation of regional trade agreements. Importantly, it also appropriately takes int...

Regional Economic Growth and Spatial Spillover Effects in MENA Area

T he main objective of this study is to estimate the spatial spillover effects of the economic growth among the selected countries of MENA region. For this purpose, the Spatial Durbin Model in the framework of spatial dynamic panel data was estimated during the period of 1970-2010. The spatial Diagnostic tests affirmed the occurrence of spatial positive autocorrelation phenomenon for...

Impact of Knowledge-based Components on Total Factor Productivity of MENA Countries

F rom the viewpoint of economic theories, total factor productivity (TFP) is the most important component that leads to economic growth and development. The main purpose of this study was to evaluate the impact of knowledge-based economy on total factor productivity in the member countries of the Middle East and North Africa (MENA) region. For this purpose, the panel data regression analysis ha...

Microeconomics of growth in MENA—the role of households

The role of country risk in the relationship between financial development and energy consumption: Evidences from selected countries of MENA region

Energy, as one of the most important production factors and also one of the most essential final products, has a special place in the economic growth and development of countries. Financial development is also known as one of the factors affecting economic growth, which can affect energy consumption in different ways. In this research, using composite data and the PVAR (vector autoregression) m...