Theoretical and Applied Economics
No. 4 / 2024 (641), Winter
Institutional quality and sustainability: empirical study in 11 MENA countries
University Centre of Maghnia, Algeria
Abderrahim CHIBI
University Centre of Maghnia, Algeria
Sidi Mohamed CHEKOURI
University Centre of Maghnia, Algeria
Abstract. In this paper, we analyse the impact of the institutional quality on the sustainable development in 11 MENA countries during the period 1996-2021. Despite the significant improvement that has known some countries in recent years in terms of development indicators, the MENA authorities still require more efforts to improve their governance and to enhance the developmental impact of oil revenues. However, the deterioration of the institutional environment indicators remains the biggest obstacle to achieve the development goals, and limits the effectiveness of economic reforms. We find with FMOLS, DOLS and CCR estimations that there is a positive and significant relationship between the adjusted net saving as sustainable development factor and the institutional quality index at the level of 1%. However, when squared adjusted net savings is included, the relationship turns negative, indicating that there is still evidence of a fragile political framework and a frail understanding of politics in MENA nations.
Contents
Digitalization and innovation: a regional perspective on their interaction
Assessing the macroeconomic challenges in Romania after the economic and financial crisis
Green finance and innovation input: the promoters of carbon neutrality in China
A simple model of online marketing, production, profit and growth
The relationship of digital payments, macroeconomic variables, and banking stability in developing Asia
Modelling the relationship between inflation and uncertainty with existence of structural break: evidence from Azerbaijan
Analysis of the global energy resources evolution in the context of the population growth
Assessing the impact of energy and macroeconomic shocks on the Romanian economy: a Bayesian VAR approach
Two faces of the same coin: integrated perspectives of public and private debt on the effects of interdependence on financial stability
Institutional quality and sustainability: empirical study in 11 MENA countries
The effect of population ageing on savings: a time series analysis for Türkiye
Workplace economics – How does the Impostor Syndrome affect organisational output?
COVID-19 and the labour market: regional shifts of human capital working in technology and employment
Validity of the environmental Kuznets Curve in Bangladesh under the role of financial development
The impact of doing business indicators on economic growth in emerging market economies: a cross-sectional analysis
The essential role of U.S.-China tensions: a fresh insight into the gold market
The dispersion of poverty in some Romanian rural areas – good examples of rural localities with the lowest poverty rates
The stability and Growth Pact in Practice: inefficiencies of previous debt rules and the way forward
Leaders in disguise: power, perception, and paradox – economics and the fragile authority of politicians
Investigating the corporate debt and real investment nexus: dynamics and challenges in a shifting financial landscape
The hidden economy revealed: profiling informal workers through random forest classification
The impact of oil price shocks on economic growth in Algeria
The determinants of political instability: the role of mining resources
Quantitative easing and its implications for contingent convertible triggers: an analytical perspective