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The Impact Of Socio-Political Factors On The Economy And The Exchange Rate: Case Study From The Middle East And North Africa Region

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  • Rastislav Solej

    (Národohospodárska fakulta, Ekonomická univerzita v Bratislave)

Abstract

This paper focuses on the countries of MENA region and uses panel data for 23 countries during the period 1999-2018. The main goal of the article is to assess the effects of socio-political instability on basic macroeconomic indicators, but especially to assess the relationship between instability and the exchange rate. The results suggest that the economies of the countries that took part in the events of the Arab Spring were relatively stable before the start of the Arab Spring, and there were no significant differences between the countries. We can also state that small protests did not affect basic economic indicators such as GDP growth, indebtedness, inflation, or the exchange rate in the long run.

Suggested Citation

  • Rastislav Solej, 2022. "The Impact Of Socio-Political Factors On The Economy And The Exchange Rate: Case Study From The Middle East And North Africa Region," Almanach (Actual Issues in World Economics and Politics), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 17(2), pages 23-33.
    • Handle: RePEc:brv:almnch:v:17:y:2022:i:2:p:23-33
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Arab Spring; MENA region; Political instability; economic growth; exchange rate;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions

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