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ARTÍCULO
TITULO

Democracy, Investment and Economic Growth

Hadhek Zouhaier    
Kefi Mohamed Karim    

Resumen

The main purpose of this paper is to identify the relationship between democracy, investment and economic growth for a sample of 11 countries from the MENA region during the period 2000-2009, by using a dynamic panel data model. The democracy? effect on the contribution of investment to economic growth has been the subject of a second empirical study within the framework of this research paper. The main outcomes drawn by these two empirical tests prove that there is a significant link between on the one hand the democracy and investment and on the other hand between civil liberties and economic growth. The outcomes also highlight a positive interaction between political rights and investment. Keywords: Political rights; Civil liberties; Investment; Economic growth; Dynamic panelJEL Classifications: O43; O47; C23

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