The Effect of Political Stability and Democracy on Economic Growth in Selected Countries of the Organization of Islamic Cooperation: Dynamic Panel Approach (SYS-GMM)

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KAZEROONI ALIREZA; ASGHARPOUR HOSEIN; NAFISI MOGHADAM MARYAM

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Paper Information

Journal: JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH Year:2020 | Volume:10 | Issue:39 Page(s): 55-74

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Title

The Effect of Political Stability and Democracy on Economic Growth in Selected Countries of the Organization of Islamic Cooperation: Dynamic Panel Approach (SYS-GMM)

Author(s)

KAZEROONI ALIREZA | ASGHARPOUR HOSEIN | NAFISI MOGHADAM MARYAM | Issue Writer Certificate

Keywords

Economic GrowthQ2

Political StabilityQ2

DemocracyQ2

the Organisation of Islamic Cooperation (OIC)Q1

Dynamic PanelQ1

Abstract

The purpose of this study is to investigate the effect of Political Stability and Democracy on Economic Growth in member countries of the Organisation of Islamic Cooperation (OIC). This study estimated panel regression using a Generalizes Method of Moments (GMM) framework, on a sample of 34 OIC member countries for the period of 1986-2014. In this research, a composite indicator of Internal Conflict, External Conflict, Military in Politics, Ethnic and Religious Tensions has been used to calculate the Political Stability index using the principal components analysis method (PCA). The results of the research show that Political Stability and Democracy have a significant positive role in the Economic Growth.

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APA: Copy

KAZEROONI, ALIREZA, ASGHARPOUR, HOSEIN, & NAFISI MOGHADAM, MARYAM. (2020). The Effect of Political Stability and Democracy on Economic Growth in Selected Countries of the Organization of Islamic Cooperation: Dynamic Panel Approach (SYS-GMM). JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH, 10(39 ), 55-74. SID. https://sid.ir/paper/369747/en

Vancouver: Copy

KAZEROONI ALIREZA, ASGHARPOUR HOSEIN, NAFISI MOGHADAM MARYAM. The Effect of Political Stability and Democracy on Economic Growth in Selected Countries of the Organization of Islamic Cooperation: Dynamic Panel Approach (SYS-GMM). JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH[Internet]. 2020;10(39 ):55-74. Available from: https://sid.ir/paper/369747/en

IEEE: Copy

ALIREZA KAZEROONI, HOSEIN ASGHARPOUR, and MARYAM NAFISI MOGHADAM, “The Effect of Political Stability and Democracy on Economic Growth in Selected Countries of the Organization of Islamic Cooperation: Dynamic Panel Approach (SYS-GMM),” JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH, vol. 10, no. 39 , pp. 55–74, 2020, [Online]. Available: https://sid.ir/paper/369747/en

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