Journal article | Zeitschriftenartikel

The Causality between Capital Formation and Economic Growth in MENA Region

This paper investigates the causal relationship between gross domestic investment (INV) and GDP for Middle East and North Africa (MENA) region countries by using panel unit root tests and panel cointegration analysis for the period 1970-2010. The results show a strong causality from economic growth to investment in these countries. Yet, investment does not have any significant effects on GDP in short- and long-run. It means that it is the GDP that drives investment in mentioned countries, not vice versa. So the findings of this paper support the point of view that it is higher economic growth that leads to higher investment. According to the results, decision makings should be employed to achieve sustainable growth through higher productivity and substantially enlarging the economic base diversification in the future

The Causality between Capital Formation and Economic Growth in MENA Region

Urheber*in: Musai, Maysam; Mehrara, Mohsen

Namensnennung 4.0 International

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ISSN
2300-2697
Umfang
Seite(n): 1-7
Sprache
Englisch
Anmerkungen
Status: Veröffentlichungsversion; begutachtet (peer reviewed)

Erschienen in
International Letters of Social and Humanistic Sciences(8)

Thema
Wirtschaft
Volkswirtschaftstheorie
Nahost
Nordafrika
Wirtschaftswachstum
Bruttoinlandsprodukt
Investition
Produktivität

Ereignis
Geistige Schöpfung
(wer)
Musai, Maysam
Mehrara, Mohsen
Ereignis
Veröffentlichung
(wer)
SciPress
(wo)
Schweiz
(wann)
2013

DOI
Rechteinformation
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
Letzte Aktualisierung
21.06.2024, 16:26 MESZ

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Objekttyp

  • Zeitschriftenartikel

Beteiligte

  • Musai, Maysam
  • Mehrara, Mohsen
  • SciPress

Entstanden

  • 2013

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