Diversification, Governance, and Macroeconomic Volatility in MENA Economies

Abdella Eldarassi and Kevin Sylwester ()
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Kevin Sylwester: School of Analytics, Finance, and Economics, Southern Illinois University - Carbondale, USA

Asian Economics Letters, 2024, vol. 5, issue 1, 1-4

Abstract: This study examines the extent to which higher quality governing institutions substitute for or complement economic diversification to promote macroeconomic stability in Middle Eastern and North African (MENA) countries. In contrast to previous findings, we found that economic concentration reduces volatility. Moreover, stronger effects emerge for countries with good governance. Economic concentration lowers macroeconomic volatility, especially in countries with good governance.

Keywords: Volatility; Diversification; Governance (search for similar items in EconPapers)
JEL-codes: F62 O43 O53 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ayb:jrnael:101

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