أبحاث إقتصادية معاصرة
Volume 7, Numéro 1, Pages 12-24
2024-04-22
Economic Freedom, Resources Endowment And Economic Growth Nexus: The Case Of Mena Countries
Authors : Jbir Rafik .
Abstract
This paper focus on the possible economic freedom, resources endowment and economic growth nexus. To study this relationship for Middle East and North Africa countries, we divide the countries in two groups: the resources rich countries and the resources poor countries. We use panel data method over the period between 1995 to 2019 for selected MENA countries. Our empirical results showed the existence of a long relationship between the three variables only for resources rich countries. The countries suffer from the petroleum resources benefit from the economic freedom less than the rich countries. These results have some policy implications for these countries. Indeed, the resource endowment and economic freedom positively contribute to economic growth. Through its components, the economic freedom improves the quality of institution. Overall, the economic freedom can supports economic growth and limit the negative effect of dutch disease through efficiency of energy consumption.
Keywords
Economic freedom ; resources endowment ; , Economic growth ; , resources rich countries and resources poor countries ; Dutch Disease
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