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The Causality between Capital Formation and Economic Growth in MENA Region
[Zeitschriftenartikel]
Abstract 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 ... mehr
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... weniger
Thesaurusschlagwörter
Nahost; Nordafrika; Wirtschaftswachstum; Bruttoinlandsprodukt; Investition; Produktivität
Klassifikation
Volkswirtschaftstheorie
Freie Schlagwörter
Granger Causality; Gross Domestic Investment (INV); MENA Region Countries; Panel Cointegration; Panel Unit Root
Sprache Dokument
Englisch
Publikationsjahr
2013
Seitenangabe
S. 1-7
Zeitschriftentitel
International Letters of Social and Humanistic Sciences (2013) 8
ISSN
2300-2697
Status
Veröffentlichungsversion; begutachtet (peer reviewed)