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The Relationship Between Democracy And Economic Growth In Muslim Mena Countries (Spatial Econometric Approach)

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  • Arash Nayebyazdi

Abstract

Impact of democracy and governance on the economic growth and development has always been a matter of conflict among researchers. In this research, by using data of 18 Muslim countries of MENA region during 2008-2014 by spatial econometric approach, impact of democracy on the economic growth is studied by democeracy index. The results show that democracy in the surveyed region has had a negative impact on the economic growth. The results of spatial panel data model indicate that there is a spatial relationship between the economic growth of MENA region countries and physical capital has also a spatial spillover effect.

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  • Arash Nayebyazdi, 2017. "The Relationship Between Democracy And Economic Growth In Muslim Mena Countries (Spatial Econometric Approach)," Journal of Smart Economic Growth, , vol. 2(3), pages 123-155, December.
    • Handle: RePEc:seg:012016:v:2:y:2017:i:3:p:123-155
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    References listed on IDEAS

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