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Blue Economy Determinants and Economic Growth: Implications Upon MENA Region Countries

Article

Last updated: 26 Dec 2024

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Abstract

Blue economy refers to the use and the activities related to sea, oceans and coasts where economic growth is achieved for both industrialized and developing countries, where creation of jobs and enhanced life, with an additional conservation area such as carbon storage, sea and ocean protection and biodiversity. This research is conducted to measure the impact of the blue economy factors on economic growth of MENA region countries and to discuss the different challenges and opportunities that results from the transition to sustainable Blue Economy. With the hypothesis that states that there is a positive impact of blue economy factors on the economic growth of MENA region countries in both short run and the long run and contribute positively to the achievement of Goal 14 in the sustainable development goals stated by the United Nations, that states conservation and sustainably use of oceans, seas, and marine resources for sustainable development. By using panel cointegration econometric model the study provides a quantitative analysis of the relationship between blue economy factors and economic growth, contributing to the empirical understanding of this relationship. The study found that Total Fishery Production and Agriculture, forestry, and fishing, (value added) have a positive impact on economic growth in both the long and short runs. However, the Aquaculture production variable was found to be weakly exogenous in the long run, indicating that there is no causality running from Aquaculture production to economic growth.

DOI

10.21608/sjrbs.2024.245891.1550

Keywords

Blue Economy, Sustainability, MENA region, Fisheries

Authors

First Name

نهي

Last Name

ابوزيد

MiddleName

-

Affiliation

جامعة حلوان

Email

noha_abozeid@hq.helwan.edu.eg

City

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Orcid

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Volume

38

Article Issue

1

Related Issue

46547

Issue Date

2024-03-01

Receive Date

2023-10-31

Publish Date

2024-03-01

Page Start

1,185

Page End

1,209

Print ISSN

1110-2373

Online ISSN

2682-4876

Link

https://sjrbs.journals.ekb.eg/article_345236.html

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https://sjrbs.journals.ekb.eg/service?article_code=345236

Order

345,236

Type

المقالة الأصلية

Type Code

1,324

Publication Type

Journal

Publication Title

المجلة العلمية للبحوث والدراسات التجارية

Publication Link

https://sjrbs.journals.ekb.eg/

MainTitle

Blue Economy Determinants and Economic Growth: Implications Upon MENA Region Countries

Details

Type

Article

Created At

26 Dec 2024