ARTÍCULO
TITULO

THE RELATIONSHIP BETWEEN DEMOCRACY AND ECONOMIC GROWTH IN MUSLIM MENA COUNTRIES (SPATIAL ECONOMETRIC APPROACH)

Arash Nayebyazdi    

Resumen

Impact of democracy and governance on the economic growth and development has always been a matter of conflict among researchers. In this research, by using data of 18 Muslim countries of MENA region during 2008-2014 by spatial econometric approach, impact of democracy on the economic growth is studied by democeracy index. The results show that democracy in the surveyed region has had a negative impact on the economic growth. The results of spatial panel data model indicate that there is a spatial relationship between the economic growth of MENA region countries and physical capital has also a spatial spillover effect.

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