The Impact of Political Instability on the Economic Growth: An Empirical Analysis for the Case of Selected Arab Countries

Khadiga Elbargathi; Ghazi Al-Assaf

doi:doi:10.11648/j.ijber.20190801.13

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The Impact of Political Instability on the Economic Growth: An Empirical Analysis for the Case of Selected Arab Countries

Khadiga Elbargathi, Ghazi Al-Assaf

Published in International Journal of Business and Economics Research (Volume 8, Issue 1)

Received: 2 January 2019 Accepted: 24 January 2019 Published: 21 February 2019

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Abstract

This study investigates the impact of political instability on the economic growth in Egypt, Jordan, Lebanon, and Tunisia for the period of 1996-2016. The study examines the existence of the long-run relationship between different five political indicators and the growth of the economy. The study utilized panel data analysis, using annual data covering the period of 1996-2016, for the four selected Arab countries. The empirical results of the study, using the Vector Error Correction Model (VECM), highlight the impact of different political instability indicators on economic growth. Moreover, these results indicate that there is a strong long-run relationship between the several political indicators upon the economic growth. More specifically, the results show that the control of the corruption and the rule of law indicators have the highest impact on the economic growth, while the regulatory quality has the lowest.

Published in	International Journal of Business and Economics Research (Volume 8, Issue 1)
DOI	10.11648/j.ijber.20190801.13
Page(s)	14-22
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Political Instability, Economic Growth, Arab Countries, Panel Cointegration

References

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APA Style

Khadiga Elbargathi, Ghazi Al-Assaf. (2019). The Impact of Political Instability on the Economic Growth: An Empirical Analysis for the Case of Selected Arab Countries. International Journal of Business and Economics Research, 8(1), 14-22. https://doi.org/10.11648/j.ijber.20190801.13

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ACS Style

Khadiga Elbargathi; Ghazi Al-Assaf. The Impact of Political Instability on the Economic Growth: An Empirical Analysis for the Case of Selected Arab Countries. Int. J. Bus. Econ. Res. 2019, 8(1), 14-22. doi: 10.11648/j.ijber.20190801.13

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AMA Style

Khadiga Elbargathi, Ghazi Al-Assaf. The Impact of Political Instability on the Economic Growth: An Empirical Analysis for the Case of Selected Arab Countries. Int J Bus Econ Res. 2019;8(1):14-22. doi: 10.11648/j.ijber.20190801.13

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@article{10.11648/j.ijber.20190801.13,
  author = {Khadiga Elbargathi and Ghazi Al-Assaf},
  title = {The Impact of Political Instability on the Economic Growth: An Empirical Analysis for the Case of Selected Arab Countries},
  journal = {International Journal of Business and Economics Research},
  volume = {8},
  number = {1},
  pages = {14-22},
  doi = {10.11648/j.ijber.20190801.13},
  url = {https://doi.org/10.11648/j.ijber.20190801.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20190801.13},
  abstract = {This study investigates the impact of political instability on the economic growth in Egypt, Jordan, Lebanon, and Tunisia for the period of 1996-2016. The study examines the existence of the long-run relationship between different five political indicators and the growth of the economy. The study utilized panel data analysis, using annual data covering the period of 1996-2016, for the four selected Arab countries. The empirical results of the study, using the Vector Error Correction Model (VECM), highlight the impact of different political instability indicators on economic growth. Moreover, these results indicate that there is a strong long-run relationship between the several political indicators upon the economic growth. More specifically, the results show that the control of the corruption and the rule of law indicators have the highest impact on the economic growth, while the regulatory quality has the lowest.},
 year = {2019}
}

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TY  - JOUR
T1  - The Impact of Political Instability on the Economic Growth: An Empirical Analysis for the Case of Selected Arab Countries
AU  - Khadiga Elbargathi
AU  - Ghazi Al-Assaf
Y1  - 2019/02/21
PY  - 2019
N1  - https://doi.org/10.11648/j.ijber.20190801.13
DO  - 10.11648/j.ijber.20190801.13
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 14
EP  - 22
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20190801.13
AB  - This study investigates the impact of political instability on the economic growth in Egypt, Jordan, Lebanon, and Tunisia for the period of 1996-2016. The study examines the existence of the long-run relationship between different five political indicators and the growth of the economy. The study utilized panel data analysis, using annual data covering the period of 1996-2016, for the four selected Arab countries. The empirical results of the study, using the Vector Error Correction Model (VECM), highlight the impact of different political instability indicators on economic growth. Moreover, these results indicate that there is a strong long-run relationship between the several political indicators upon the economic growth. More specifically, the results show that the control of the corruption and the rule of law indicators have the highest impact on the economic growth, while the regulatory quality has the lowest.
VL  - 8
IS  - 1
ER  -

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Author Information

Khadiga Elbargathi

Business Economics Department, Faculty of Business, University of Jordan, Amman, Jordan
Ghazi Al-Assaf

Business Economics Department, Faculty of Business, University of Jordan, Amman, Jordan

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APA Style

Khadiga Elbargathi, Ghazi Al-Assaf. (2019). The Impact of Political Instability on the Economic Growth: An Empirical Analysis for the Case of Selected Arab Countries. International Journal of Business and Economics Research, 8(1), 14-22. https://doi.org/10.11648/j.ijber.20190801.13

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ACS Style

Khadiga Elbargathi; Ghazi Al-Assaf. The Impact of Political Instability on the Economic Growth: An Empirical Analysis for the Case of Selected Arab Countries. Int. J. Bus. Econ. Res. 2019, 8(1), 14-22. doi: 10.11648/j.ijber.20190801.13

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AMA Style

Khadiga Elbargathi, Ghazi Al-Assaf. The Impact of Political Instability on the Economic Growth: An Empirical Analysis for the Case of Selected Arab Countries. Int J Bus Econ Res. 2019;8(1):14-22. doi: 10.11648/j.ijber.20190801.13

Copy | Download

@article{10.11648/j.ijber.20190801.13,
  author = {Khadiga Elbargathi and Ghazi Al-Assaf},
  title = {The Impact of Political Instability on the Economic Growth: An Empirical Analysis for the Case of Selected Arab Countries},
  journal = {International Journal of Business and Economics Research},
  volume = {8},
  number = {1},
  pages = {14-22},
  doi = {10.11648/j.ijber.20190801.13},
  url = {https://doi.org/10.11648/j.ijber.20190801.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20190801.13},
  abstract = {This study investigates the impact of political instability on the economic growth in Egypt, Jordan, Lebanon, and Tunisia for the period of 1996-2016. The study examines the existence of the long-run relationship between different five political indicators and the growth of the economy. The study utilized panel data analysis, using annual data covering the period of 1996-2016, for the four selected Arab countries. The empirical results of the study, using the Vector Error Correction Model (VECM), highlight the impact of different political instability indicators on economic growth. Moreover, these results indicate that there is a strong long-run relationship between the several political indicators upon the economic growth. More specifically, the results show that the control of the corruption and the rule of law indicators have the highest impact on the economic growth, while the regulatory quality has the lowest.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - The Impact of Political Instability on the Economic Growth: An Empirical Analysis for the Case of Selected Arab Countries
AU  - Khadiga Elbargathi
AU  - Ghazi Al-Assaf
Y1  - 2019/02/21
PY  - 2019
N1  - https://doi.org/10.11648/j.ijber.20190801.13
DO  - 10.11648/j.ijber.20190801.13
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 14
EP  - 22
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20190801.13
AB  - This study investigates the impact of political instability on the economic growth in Egypt, Jordan, Lebanon, and Tunisia for the period of 1996-2016. The study examines the existence of the long-run relationship between different five political indicators and the growth of the economy. The study utilized panel data analysis, using annual data covering the period of 1996-2016, for the four selected Arab countries. The empirical results of the study, using the Vector Error Correction Model (VECM), highlight the impact of different political instability indicators on economic growth. Moreover, these results indicate that there is a strong long-run relationship between the several political indicators upon the economic growth. More specifically, the results show that the control of the corruption and the rule of law indicators have the highest impact on the economic growth, while the regulatory quality has the lowest.
VL  - 8
IS  - 1
ER  -

Copy | Download