The effect of good governance on economic growth in oil countries in the MENA

Abstract. This study is focused on the effect of good governance on eeconomic growth in the number of oil producing countries of MENA (Algeria, Egypt, Iran, Syria, Tunisia, United Arabic Emirates and Yemen) during 1996-2010. The used method is panel data also was used of cross section data for examining. Based on the results of the investigation also estimation of the model we concluded that oil revenues have a negative effect on economic growth also democracy has a significant and positive effect on the economic growth. So with increasing of public participation the economic growth will increase in these countries. Indicators of good governance have a significant and positive effect on the economic growth, which with improvement of the institutions then the economic growth will also increase. Economic freedom has not significant impact on the economic growth in these countries.

Keywords:

Good governance, Economic growth Democracy, MENA countries,

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