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Diversification, Governance, and Macroeconomic Volatility in MENA Economies

Author

Listed:
  • Abdella Eldarassi
  • Kevin Sylwester

    (School of Analytics, Finance, and Economics, Southern Illinois University - Carbondale, USA)

Abstract

This study examines the extent to which higher quality governing institutions substitute for or complement economic diversification to promote macroeconomic stability in Middle Eastern and North African (MENA) countries. In contrast to previous findings, we found that economic concentration reduces volatility. Moreover, stronger effects emerge for countries with good governance. Economic concentration lowers macroeconomic volatility, especially in countries with good governance.

Suggested Citation

  • Abdella Eldarassi & Kevin Sylwester, 2024. "Diversification, Governance, and Macroeconomic Volatility in MENA Economies," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 5(1), pages 1-4.
    • Handle: RePEc:ayb:jrnael:101
    DOI: 2024/06/29
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    References listed on IDEAS

    as
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    Keywords

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    JEL classification:

    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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