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The democracy and economic growth nexus: do FDI and government spending matter? Evidence from the Arab world
Economics : the Open-Access, Open-Assessment e-Journal
The purpose of the paper is to examine the direct and indirect links between democracy and economic growth. To do so, the authors estimate a dynamic panel simultaneous equations model on a sample of 16 Arab countries during the period 2002-2013. This study focuses on two particular channels through which democracy affects growth, namely FDI inflows and public consumption expenditure. The results show that there is no clear relationship between democracy and economic growth in the Arabdoi:10.5018/economics-ejournal.ja.2019-19 fatcat:7zgq2pcx5fhznlvjwuh2iyv7rm