Asset Details
Do you wish to reserve the book?
External Debt and Economic Growth in MENA Countries
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
External Debt and Economic Growth in MENA Countries
Do you wish to request the book?
External Debt and Economic Growth in MENA Countries
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
External Debt and Economic Growth in MENA Countries
2024
Overview
This paper examines the relationship between external debt and economic growth in selected countries in the Middle East and North Africa (MENA) region over the period (1996-2021), using panel cointegration analysis. It further explores how governance indicators, namely control of corruption and political stability, affect the external debt-economic growth relationship. The Pedroni cointegration test confirmed a long run relationship among the variables. The dynamic OLS results indicated a positive and statistically significant, but relatively weak, impact of external debt on economic growth in one specification. Furthermore, including the governance indicator \"control of corruption\" in one model specification slightly strengthened the positive relationship between external debt and economic growth. As such, the MENA countries need to design appropriate policies that promote better utilization of external debt for economic growth. Moreover, these countries should improve their governance performance, especially in the control of the corruption domain.
Publisher
معهد التخطيط القومي
Subject
