The Relationship between Institutional Quality and Economic Growth: Empirical Evidence from the Middle East and North Africa Region

Oussama Zaïbi, Ahmed Hachicha, Amal Ghorbel and Nabil Chaabane

Studies in Economics and Econometrics, 2024, vol. 48, issue 3, 275-294

Abstract: This article aims to examine the relationship between governance and economic growth in the MENA region (Algeria, Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, Turkey and the United Arab Emirates) over the period 2002-2019. Two main questions have been defined that this research is supposed to answer. The first focuses on institutional quality in the MENA region and its position towards the countries of the region. The second examines statistically the effect of each aspect of the governance dimension on economic growth. We use an econometric model to find the indicators that have the most impact. An in-depth analysis will be carried out in the MENA countries. Based on the empirical results as well as the theoretical literature, concrete recommendations will be provided.

Date: 2024
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DOI: 10.1080/03796205.2024.2358891

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