2015
DOI: 10.1108/ijse-07-2014-0136
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Institutions and development in MENA region: evidence from the manufacturing sector

Abstract: Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in… Show more

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Cited by 12 publications
(6 citation statements)
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“…Recent studies have shown that the GCC has been working on developing supporters for their economy, beyond its natural resources. To attract foreign investments, more attention has been given to the futuristic view of social, economic, and political improvements of the GCC members (Arayssi and Fakih, 2015;. This has helped in stressing the necessity of forming BOD in firms in a show of economic and social leadership.…”
Section: Gulf Cooperation Council Governance Structurementioning
confidence: 99%
See 1 more Smart Citation
“…Recent studies have shown that the GCC has been working on developing supporters for their economy, beyond its natural resources. To attract foreign investments, more attention has been given to the futuristic view of social, economic, and political improvements of the GCC members (Arayssi and Fakih, 2015;. This has helped in stressing the necessity of forming BOD in firms in a show of economic and social leadership.…”
Section: Gulf Cooperation Council Governance Structurementioning
confidence: 99%
“…Hence, standard results may not apply in an emerging economy, specifically in the GCC context, which is characterized by weak corporate governance (Arayssi and Jizi, 2018). GCC countries have witnessed rapidly growing capital markets and devote serious effort to attract foreign investments (Arayssi and Fakih, 2015) to divert their economies from oil and gas reliance (Elfakhani et al, 2008;Reiche, 2010). Additionally, the GCC countries are currently focusing on the formation of a governance system (Zeitun, 2014); however, privatization and separation between owners and management are lacking, as corporate boards are dominated by families and governments (Shehata, 2015;Baydoun et al, 2012).…”
Section: Introductionmentioning
confidence: 99%
“…Furthermore, Arayssi and Fakih (2015) argue that the rule of law has a positive impact on MENA region's economic growth in the eve of Arab Spring (2007)(2008)(2009)(2010). All these results strongly reveal that institutional developments improve public services, and advance adopting suitably chosen policies and regulations that eventually enhance growth.…”
Section: Resultsmentioning
confidence: 99%
“…Some additional macroeconomic control variables have also been found to be important measures of economic growth: population size which is measured in millions, inflation rate, unemployment rate, life expectancy at birth which is measured in total years and the number of fixed telephone lines per 100 people. For instance, fixed telephone lines and rule of law were found to increase economic growth in MENA (Arayssi and Fakih, 2015).…”
Section: Data and Empirical Methodologymentioning
confidence: 99%
“…Indeed, the MENA region needs to overcome its institutional weaknesses and to adopt a transparent public policy regarding business creation. This is the only way for the countries of the region to become economically integrated with developing countries (Arayssi and Fakih, 2015).…”
Section: Discussionmentioning
confidence: 99%