مجلة التنمية والاستشراف للبحوث والدراسات
Volume 10, Numéro 2, Pages 297-313
2025-12-31
Assessing The Relationship Between Democracy And Economic Growth In Emerging Markets: Evidence From The Mena Region Based On V-dem Indicators
Authors : Lkhdari Boulenouar . Zirari Brahim .
Abstract
This research investigates the impact of democracy on economic growth in emerging markets (15 MENA countries) from 1983 to 2022, using a novel measure of democracy based on Varieties of Democracy (V-Dem) definition, missing data imputation, and applying various estimation techniques including static and dynamic panel data analysis. The results of dynamic panel analysis indicates a positive impact of the participatory democracy index on economic growth, while the egalitarian and the deliberative democracy indexes found to be negative and insignificant. Moreover, the institutionalized autocracy index is negatively and significantly affecting economic growth in the region.
Keywords
democracy ; economic growth ; panel data analysis
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