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Autor
Mehrara Mohsen (University of Tehran, Iran), Musai Maysam (University of Tehran, Iran)
Tytuł
The Causality between Capital Formation and Economic Growth in MENA Region
Źródło
International Letters of Social and Humanistic Sciences (ILSHS), 2013, vol. 8, s. 1-7, tab., bibliogr. 23 poz.
Słowa kluczowe
Inwestycje, Produkt krajowy brutto (PKB), Wzrost gospodarczy, Badania empiryczne
Investment, Gross domestic product (GDP), Economic growth, Empirical researches
Uwagi
summ.
Kraj/Region
Bliski Wschód, Afryka Północna
Middle East, North Africa
Abstrakt
This paper investigates the causal relationship between gross domestic investment (INV) and GDP for Middle East and North Africa (MENA) region countries by using panel unit root tests and panel cointegration analysis for the period 1970-2010. The results show a strong causality from economic growth to investment in these countries. Yet, investment does not have any significant effects on GDP in short- and long-run. It means that it is the GDP that drives investment in mentioned countries, not vice versa. So the findings of this paper support the point of view that it is higher economic growth that leads to higher investment. According to the results, decision makings should be employed to achieve sustainable growth through higher productivity and substantially enlarging the economic base diversification in the future. (original abstract)
Pełny tekst
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Bibliografia
Pokaż
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  23. Mohsen Mehrara, Maysam Musai, International Letters of Social and Humanistic Sciences, 5 (2013) 55-62.
Cytowane przez
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ISSN
2300-2697
Język
eng
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