Determinants of the Contemporary Inequality among MENA and African Countries: What are in the variation of Land and Natural Resource ownership?

Ece H. Guleryuz

No 9317, EcoMod2016 from EcoMod

Abstract: This paper examines the fundamental determinants of the contemporary income inequailty and economic growth in MENA and African countries in a panel data estimation during the period 1970-2013 for 24 countries. It is hypothesized that the variation in oil rents, human capital accumulation, and initial inequality in land ownership have significant impacts on contemporary income inequality in different countries. Furthermore, various political economy factors are included in the regression in order to measure the effect of institutional quality. The estimation results show that the oil rents levels, initial inequality in land ownership, rule of law and property rights affect income inequality and growth performance with a statistical significance. Keywords: Landownership inequality, Oil rents, Income inequality, Growth performance, MENA and African countries JEL code: O13, O15, O41, O43, P16, Q00 Random Effects Model. Panel Data Estimation. The estimation results show that the oil rents levels, initial inequality in land ownership, rule of law and property rights affect income inequality and growth performance with a statistical significance.

Keywords: Middle East and North Africa (MENA) and African Countries; Growth; Macroeconometric modeling (search for similar items in EconPapers)
Date: 2016-07-04
New Economics Papers: this item is included in nep-ara and nep-ene
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Persistent link: https://EconPapers.repec.org/RePEc:ekd:009007:9317

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