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118496

Investigating the Relationship between Physical Infrastructure and Economic Growth in the Middle East and North Africa

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Last updated: 04 Jan 2025

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Abstract

This paper investigates the impact of physical infrastructure development on economic growth in MENA region. It adopts generalized method of moments with system estimators to estimate an endogenous growth model during 2000-2016 for a sample of 30 developing or emerging countries including nine MENA countries. It utilizes the generalized method of moments (GMM) to account for heterogeneity and endogeneity in the specified model. This growth model is augmented with a synthetic infrastructure quantity index developed using the principal components analysis (PCA) for two infrastructure sectors, which are telecommunications and energy. The results reveal that infrastructure quantity has contributed positively to economic growth for the whole sample of countries as well as MENA countries, and the specification tests validates the specified model.

DOI

10.21608/jsec.2020.118496

Keywords

Physical infrastructure, Infrastructure quantity, Telecommunications, energy, Economic growth, Middle East and North Africa, Heterogeneity, Endogeneity, Generalized Method of Moments, Principal component analysis

Authors

First Name

Waleed

Last Name

Mohamed Youssef

MiddleName

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Affiliation

Assistant Professor of Economics Faculty of Business - Ain Shams University

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Volume

50

Article Issue

3

Related Issue

16950

Issue Date

2020-10-01

Receive Date

2020-09-25

Publish Date

2020-10-13

Page Start

53

Page End

88

Print ISSN

2636-2562

Link

https://jsec.journals.ekb.eg/article_118496.html

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https://jsec.journals.ekb.eg/service?article_code=118496

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2

Type

المقالة الأصلية

Type Code

914

Publication Type

Journal

Publication Title

المجلة العلمية للإقتصاد و التجارة

Publication Link

https://jsec.journals.ekb.eg/

MainTitle

Investigating the Relationship between Physical Infrastructure and Economic Growth in the Middle East and North Africa

Details

Type

Article

Created At

22 Jan 2023