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Institutions and development in MENA region

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dc.contributor.author Arayssi, Mahmoud
dc.contributor.author Fakih, Ali
dc.date.accessioned 2016-05-06T06:58:09Z
dc.date.available 2016-05-06T06:58:09Z
dc.date.copyright 2015 en_US
dc.identifier.issn 0306-8293 en_US
dc.identifier.uri http://hdl.handle.net/10725/3688
dc.description.abstract Purpose – The purpose of this paper is to study the role of institutions (including civil law origin), financial deepening and degree of regime authority on growth rates in the Middle East and North Africa region. Design/methodology/approach – This paper examines the implications of industrial firm-related and national factors for the determinants of economic growth using panel data through a fixed effect model. Findings – The results reveal that English civil law origin and the establishment of the rule of law work with the development of financial institutions to increase economic growth in these economies; however, the democratization of the political institutions and foreign direct investment do not assist financial development in promoting economic growth. Research limitations/implications – Data covered is limited to four years. Social implications – The findings emphasize the prominence of overcoming institutional weaknesses and establishing transparent public policy governing businesses as a pre-requisite for successful universal integration in developing countries. Originality/value – This paper contributes to the literature on the relationship between finance and economic growth in two aspects. First, the authors focus on the contribution of the institutional setting and its interaction with the financial development and how this affects economic growth of the manufacturing firms. Second, the authors explore the relationship between the role of institutions, governance, the country civil law origin and the economic growth. en_US
dc.language.iso en en_US
dc.title Institutions and development in MENA region en_US
dc.type Article en_US
dc.description.version Published en_US
dc.title.subtitle Evidence from the manufacturing sector en_US
dc.author.school SOB en_US
dc.author.idnumber 199629330 en_US
dc.author.idnumber 201105198
dc.author.department Department of Economics (ECON) en_US
dc.description.embargo N/A en_US
dc.relation.journal International Journal of Social Economics en_US
dc.journal.volume 42 en_US
dc.journal.issue 8 en_US
dc.article.pages 717-732 en_US
dc.keywords MENA region en_US
dc.keywords Financial development en_US
dc.keywords Economic growth en_US
dc.keywords Institutional development en_US
dc.identifier.doi http://dx.doi.org/10.1108/IJSE-07-2014-0136 en_US
dc.identifier.ctation Arayssi, M., & Fakih, A. (2015). Institutions and development in MENA region: evidence from the manufacturing sector. International Journal of Social Economics, 42(8), 717-732. en_US
dc.author.email mahmoud.araissi@lau.edu.lb
dc.author.email AFakih@lau.edu.lb
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url http://www.emeraldinsight.com/doi/full/10.1108/IJSE-07-2014-0136 en_US
dc.orcid.id https://orcid.org/0000-0002-1816-8835
dc.orcid.id https://orcid.org/0000-0002-8562-3308 en_US


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