Regional Integration and Real Convergence: Evidence from MENA Countries

Péridy, Nicolas; Bagoulla, Corinne

doi:10.11130/jei.2012.27.1.80

Cited by 13 publications

(4 citation statements)

References 25 publications

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“…First, we have adopted a robust methodology (including a battery of panel unit root and cointegration tests) to estimate the share of capital in total output, in contrast to the previous studies which used a prior share of capital. Second, we used improved notions of convergence that utilize the time series property of the variables under investigation, like stochastic and deterministic convergence tests, whereas the majority of the previous studies have employed conventional tests of beta-convergence ( β -convergence) and sigma-convergence ( σ -convergence) (Andreano et al, 2013; Guetat & Serranito, 2007; Péridy & Bangoulla, 2012). Furthermore, we investigated the convergence in the sources of output per worker, such as physical capital per worker, human capital and TFP.…”

Section: Introductionmentioning

confidence: 99%

Analysis of Growth Accounting and Convergence in MENA Countries: Panel Cointegration Approach

Malik

Masood

2020

South Asian Journal of Macroeconomics and Public Finance

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The objective of this study is to investigate the sources of output growth and their convergence in the Middle East and North African countries over the period 1970–2017. Towards this end, the study employs Levin et al. (2002, Journal of Econometrics, vol. 108, pp. 1–24), Fisher-type (Choi, 2001, Journal of International Money and Finance, vol. 20, pp. 249–272) and Im et al. (2003, Journal of Econometrics, vol. 115, pp. 53–74) panel unit root tests and Pedroni (2004, Econometric Theory, vol. 20, pp. 597–625), Kao (1999, Journal of Econometrics, vol. 90, pp. 1–44) and Johansen–Fisher cointegration tests. After estimating the production function using random effects estimator to obtain the share of physical capital in output, we employed standard growth accounting approach to measure and decompose growth of total output into contributions from growth in physical capital, labour, human capital and total factor productivity (TFP). Further, the study discusses the existence of stochastic and deterministic convergence of real output per worker and its sources (physical capital per worker, human capital and TFP). The statistical results of the article can be summarized as follows: The contribution of physical capital to output growth is found to be positive and higher than the contribution of labour, whereas the contribution of TFP was negative across the region with the exception of Egypt, Morocco, Tunisia and Turkey. However, when the contribution of human capital is netted out, the contribution of TFP becomes negative in all the countries except for Tunisia. In addition, the study found no clear evidence of deterministic convergence in output per worker (but stochastic convergence), human capital and factor productivity. However, the statistical results provide overwhelming evidence for stochastic and deterministic convergence in physical capital per worker. JEL Classification: O4, O40, O47.

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Section: Introductionmentioning

confidence: 99%

Analysis of Growth Accounting and Convergence in MENA Countries: Panel Cointegration Approach

Malik

Masood

2020

South Asian Journal of Macroeconomics and Public Finance

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“…Pé ridy et al [65] conducted a comprehensive study on climate change in the MENA region, revealing alarming consequences. They found that these countries are the most affected by the negative consequences of climate change.…”

Section: The General Scope Of the Mena Countriesmentioning

confidence: 99%

Carbon Dioxide Emissions and Its Socio-Economic Drivers Nexus: Empirical Evidence from MENA Countries

Essadik,

Khalifa

2024

IJEEE

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Carbon dioxide emissions is one of the main climate change causes. Nowadays is considered as one of the most important environmental degradation and air pollution in the world. The relationship between CO2 emissions and their socio-economic determinants is investigated in this study. It uses empirical analysis of significant impact of the economic growth, the tourism development, the globalization, the population health, the population growth and the energy consumption on our interest variable. Thus, we're going to select an econometric model, an Autoregressive Distributed Lag model (ARDL) applied to a sample of 10 MENA countries. Our aim is to measure, long-run and short-run impact of the number of arrivals, the Foreign Direct Investment, government health expenditures, the energy consumption and the population growth rate on the CO2 emissions. All variables are observed from 1995 to 2020. The methodology adopted in this work is as followed: First, the statistical indicators for the sample are calculated. Secondly, the temporal series stationarity is checked by realizing tests of first and second generation. The Pedroni ARDL and Pesaran cointegration tests are then applied. Finally, Granger causality for panel data is used. The causality analysis between variables is carried out using the Dumitrescu and Hurlin's test. Findings reveal that, in the long term, tourism sector and energy consumption have significant and positive impact on CO2. But the economic growth and population growth influenced it negatively and they are statistically significant. In the short term, the dependent variable is statistically impacted by economic growth. The degrees and magnitude of the individual effects of the various variables on the Carbone dioxide emissions vary from country to an other. There are bidirectional and unidirectional relationships causality between different variables. Our findings can be helpful for policy makers seeking to achieve the sustainable development goals in MENA region.

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“…Our study has extended this by considering more variables that comprise the GCC convergence criteria and the OCA theory. Péridy and Bagoulla (2012) analysed and explained the real convergence process in MENA countries over a period of 50 years, focusing on the convergence of MENA countries towards the EU per capita income. Their results showed that despite a lack of s-convergence for the MENA region taken as a whole, the convergence hypothesis was accepted using the g and β-convergence tests, especially for Tunisia, Egypt, Turkey, and Morocco but evidence showed divergence for Jordan and Algeria.…”

Section: Theoretical Background and Literature Reviewmentioning

confidence: 99%

The Prospect of the GCC Monetary Union and its Expansion to Other MENA Countries

Kamara

2024

Journal of Economic Integration

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The collapse of the Bretton Woods International Monetary System in the early 1970s had seen the development of different exchange rate regimes in different parts of the world. Shortly after Bretton Woods, from 1975-1978 four of the current Gulf Cooperation Council (GCC) members (Bahrain, Kuwait, Qatar and the United Arab Emirates) attempted to reach monetary coordination, as a step toward the issuing of a common Gulf currency known as the Gulf Dinar

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Regional Integration and Real Convergence: Evidence from MENA Countries

Cited by 13 publications

References 25 publications

Analysis of Growth Accounting and Convergence in MENA Countries: Panel Cointegration Approach

Analysis of Growth Accounting and Convergence in MENA Countries: Panel Cointegration Approach

Carbon Dioxide Emissions and Its Socio-Economic Drivers Nexus: Empirical Evidence from MENA Countries

The Prospect of the GCC Monetary Union and its Expansion to Other MENA Countries

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