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The Impact of Economic Policies on Economic Growth in a Group of Arabic Countries: Empirical Verification using Non-Stationary Panel Model

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  • Slim Mahfoudh
  • Mohamed Ben Amar

Abstract

The economic literature shows the existence of a real impact of the economic policies on economic growth. Since the 1980s, these policies in Arab countries have experienced significant reforms that sought to give them more flexibility and efficiency. This work proposes a study of the impact of monetary, fiscal and exchange rate policies on economic activity of a group of Arab countries in that to estimate a growth function on these countries using the nonstationary panel data model. From the results found, it was possible to identify the impact of the economic policies on economic activity.

Suggested Citation

  • Slim Mahfoudh & Mohamed Ben Amar, 2016. "The Impact of Economic Policies on Economic Growth in a Group of Arabic Countries: Empirical Verification using Non-Stationary Panel Model," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(1), pages 186-195, January.
    • Handle: RePEc:hur:ijarbs:v:6:y:2016:i:1:p:186-195
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    References listed on IDEAS

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    More about this item

    Keywords

    Monetary policy; fiscal policy; exchange rate policy; economic growth; nonstationary panel data model;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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