Democracy, Investment and Economic Growth

Zouhaier Hadhek and Kefi Mohamed Karim
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Kefi Mohamed Karim: ISTEC Business School, Paris, France.

International Journal of Economics and Financial Issues, 2012, vol. 2, issue 3, 233-240

Abstract: 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 (search for similar items in EconPapers)
JEL-codes: C23 O43 O47 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2012-03-1

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