Economic Openness and Growth in MENA: Evidence from Dynamic Heterogenous Panel Models
Journal of Economic Cooperation and Development, cilt.45, sa.3, ss.199-224, 2024 (Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 45 Sayı: 3
- Basım Tarihi: 2024
- Dergi Adı: Journal of Economic Cooperation and Development
- Derginin Tarandığı İndeksler: Scopus
- Sayfa Sayıları: ss.199-224
- Anahtar Kelimeler: cross-country growth regression, economic growth, globalization, MENA, Openness
- Kırklareli Üniversitesi Adresli: Evet
Özet
This paper explores the impact of openness on economic growth in MENA countries using a heterogeneous panel data approach over the period 1979-2019. We have found higher domestic capital stock and school enrollments to attribute to the region’s economic growth. However, the empirical results support a weak indirect association between economic performance and openness of MENA countries using different globalization measures. Our findings support that MENA countries have limited economic growth gains from globalization.