THE IMPACT OF DOMESTIC INVESTMENT, INNOVATION AND R&D ON ECONOMIC GROWTH IN MENA COUNTRIES

Nadia Ben Yedder (), Malek El Weriemmi () and Sayef Bakari
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Nadia Ben Yedder: University of Manouba Tunisia
Malek El Weriemmi: University of Gabes

Journal of Smart Economic Growth, 2023, vol. 8, issue 2, 1-23

Abstract: The aim of this paper is to investigate the impact of domestic investment, innovation and R&D on economic growth in the case of MENA Countries over the period 2002 – 2021. By using gravity model statistic, found that domestic investment has a positive impact on economic growth. However, innovation and R&D have not any impact on economic growth. It is true that our results indicate that domestic investments are a source of economic growth, but the lack of R&D investments, the lack of collaboration between universities and businesses, the low quality of education and regulatory obstacles are the causes that make innovation and investment in R&D have an adverse impact on economic growth. MENA countries need to invest more in R&D, promote cooperation, improve the quality of education and ease regulatory barriers.

Keywords: Domestic Investment; Innovation; R&D; Economic Growth; MENA Countries (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:seg:012016:v:8:y:2023:i:2:p:1-23

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