An Examination of influencing factors on economic growth in some selected MENA countries

Subject Areas : Financial Economics

Bijan Baseri ¹ , Golamreza Abassi ² , Arezo Nouri ³

1 - Assistant Professor of Economics, Islamic Azad University Central Tehran Branch.
2 - Assistant Professor of Economics, Islamic Azad University Central Tehran Branch.
3 - M.A. in Economics

Received: 2015-06-11 Accepted : 2015-06-11 Published : 2009-03-21

Keywords: Economic Growth, Panel Data, MENA Countries,

Abstract :

The aim of this paper is to analyse the influentioal factors on economic growth in MENA coutries during 1991-2001. The differences between economic growth in these countries has originated from existing institutions performance, doing business condition, production factors, the level of technology and competition between government and private agencies in economic activities. Based on a panel data teqniquic on some selected countries we have estimated the labor and capital coefficient effects on their production value. The findings show that capital accumulation have positive effects on economic growth rate in Iran, Emarat, Jordon, kuweit, Moroco, Oman, Qatar, Surya and Turkey. These coefficients in Bahrin, Lybia, Saudi Arabia, and Tunesia are lower than former groups. In addition, human factors have more participants in growth in Iran, Turkey, Jordon, Kuweit, Saudi Arabia, Tunesia and Bahrin to others selected Counttries.