The contribution of macroeconomic indicators to the attainment of economic development objectives in some western ASIAN countries

Moustfa Ismael Khaleel (), Rima Aloulou () and Helali Kamel

Journal of Asian Scientific Research, 2024, vol. 14, issue 4, 550-569

Abstract: This study looks at how macroeconomic variables affect poverty, unemployment, and economic growth in seven Western Asian nations. We used 18 years of data (2003-2020) using a generalized moment analysis method, although experience has varied significantly in different countries as well as between different regions. The development and effective implementation of policies to accelerate employment growth are essential to success on a continent that still has an exceptionally high rate of poverty. These policies will allow us to address the persistent problems of unemployment and poverty. In developing an appropriate policy, countries need to take into account the universal acceleration of trends towards closer integration of the world economy and the rapid pace of liberalization as national economies move increasingly towards a market economy. According to our findings, poverty, unemployment, and economic growth are all significantly impacted by sustainable development indices. During the study period, investment and the activity rate were two of the primary factors influencing economic growth. Western Asian countries should improve the quality of their institutions and their capacity to adapt and acquire new skills. Trade and globalization should not be considered in isolation. Additional policies are needed to reinforce its impact on economic growth.

Keywords: Economic growth; GMM; Poverty; Sustainable development; Unemployment; Western Asia countries. (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:asi:joasrj:v:14:y:2024:i:4:p:550-569:id:5164

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