 Economic diversification and governance challenges in MENA oil exporters: A comparative analysisSiham Matallah The Journal of Economic Asymmetries, 2022, vol. 26, issue C Abstract: This paper aims, on the one hand, to investigate the impact of governance on economic diversification in 11 oil-abundant MENA countries and three successful diversifiers (Canada, Norway and Malaysia) over the period 1996–2018 by using the generalized method of moments (GMM) estimator and, on the other hand, to reveal how much the level of economic diversification will increase if MENA oil exporters will have governance scores similar to those of successful diversifiers like Canada, Norway and Malaysia. Higher governance leads to more diversification while higher oil rents lead to poor diversification in MENA oil-exporting countries. The joint impact of good governance and oil rents is effective in boosting economic diversification in MENA oil exporters and peer countries. The results also reveal that the rate of improvement in diversification brought by replacing MENA oil exporters’ governance index with the average governance index of Canada, Norway and Malaysia is 4.5%. Keywords: Economic diversification; Oil rents; Governance; MENA Oil exporters; Peer countries (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:joecas:v:26:y:2022:i:c:s1703494922000160 DOI: 10.1016/j.jeca.2022.e00255 Access Statistics for this article The Journal of Economic Asymmetries is currently edited by A.G. Malliaris More articles in The Journal of Economic Asymmetries from Elsevier |
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