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The role of technical progress in promoting economic growth in the MENA region
Faculty
Commerce
Year:
2018
Type of Publication:
ZU Hosted
Pages:
Authors:
Amira Tohamy Mohamed Eltayb
Staff Zu Site
Abstract In Staff Site
Journal:
المجلة العلمية للاقتصاد و التجارة كلية التجارة ، جامعة عين شمس
Volume:
Keywords :
, role , technical progress , promoting economic growth
Abstract:
This study aims at the determination of the main sources of economic growth, while focusing on the role of technical progress in promoting sustainable economic growth in the MENA region during the period 1991-2014. In order to achieve its goal, this study has been divided into two stages. In the first stage, the determination of the main sources of economic growth is carried out through the estimation of the contribution of the various production factors by using the Cobb-Douglas production function and the fixed effects model and relying on Hausman test. The first stage revealed that capital contributes a ratio of about 35.88% of economic growth, while the remaining ratio or 64.12% represents the contribution of the labor factor. The contribution of the total factor productivity (TFP) was also estimated and amounted to approximately 100% or more in some of the MENA region countries such as Iran. In this study, total factor productivity (TFP) was chosen to reflect technical progress. In the second stage, the study aimed at the determination of the main factors influencing total factor productivity as the revealed principal source of economic growth, while focusing on the role of political stability in realizing sustainable growth. The results of the first stage- consisting of the time series of the disembodied factors and the total factor productivity figures obtained through the estimation of the residuals of the above-mentioned regression function- were used in the second-stage analysis. The study revealed that political stability had a strong significant positive effect on total factor productivity; and the open-door trading policy had a similar effect. The human resource development index, direct foreign investment, government spending and fixed capital formation showed also positive significant effects while price instability had an insignificant effect on total factor productivity during the study period.
Author Related Publications
Amira Tohamy Mohamed Eltayb, "العــوامـــل المـؤثــرة علـى الأمـن الغـذائي فـي مصر بمفهــومه الشــامـل", كلية الزراعة ، جامعة الزقازيق, 2014
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Amira Tohamy Mohamed Eltayb, "Impact of climate change on food production in the Middle East and North Africa region", كلية الاقتصاد و العلوم السياسية, 2017
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Amira Tohamy Mohamed Eltayb, "The relationship between economic growth and environment in the MENA Region: An environmental Kuznets curve", كلية التجارة و إدارة الأعمال، جامعة حلوان, 2017
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Amira Tohamy Mohamed Eltayb, "الآثار الاقتصادية المتوقعة لبناء سد النهضة الإثيوبي على محصول الأرز المصري", كلية الزراعة جامعة الزقازيق, 2015
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Amira Tohamy Mohamed Eltayb, "(Democracy and Environmental Degradation in the MENA Region (1972-2015", Ain Shams University, 2018
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