From a regional to a global perspective: What determines growth?
Introduction
Our study identifies a relationship between growth (real GDP per capita), corruption, and political instability. For a better explanation of growth, we have added a third variable which is Investment Share of Real GDP. We know that this variable has major contributions to growth, and will hence enhance the accuracy of our growth model.
The Middle East with its countries established in the late 20th century is considered the world’s new born child. With every birth of state, economic growth is accompanied by the establishment of many political and governmental infrastructures. Studying the relatively slow growth in the region and noticing corruption and political instability as a flaw in most of its counterparts; we took the initiative of hypothesizing a relationship between corruption, political instability and growth, and applying it at a global scale. Although this was initially our......
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Approximate Word Count: 3683
Approximate Pages: 15 (260 words per double-spaced page) |