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The Influence Of Arab Spring Effect On Economic Growth In The Middle East Countries: Structural Break Panel Data Analysis

Author

Listed:
  • Murat Beser

    (Agri Ibrahim Cecen University,Turkey)

  • Nazife Ozge Kilic

    (Agri Ibrahim Cecen University,Turkey)

Abstract

Civil commotions that are started in December, 2010 and named as “Arab Spring” had been spread to Middle East countries and had also brought with it economic and political crises. Many economic, social and political factors that are mostly structural had been effective on starting this process. In this research, influence of Arab Spring on economic growth had been investigated with the help of cross-sectional dependency and structural break unit root test in five Middle East countries by using annual data in between 1990-2014. While cross-sectional dependency has been determined for the overall of panel, it had been reached to the conclusion that there is not structural break unit root.

Suggested Citation

  • Murat Beser & Nazife Ozge Kilic, 2017. "The Influence Of Arab Spring Effect On Economic Growth In The Middle East Countries: Structural Break Panel Data Analysis," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 5(3), pages 133-141.
    • Handle: RePEc:ejn:ejefjr:v:5:y:2017:i:3:p:133-141
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    Cited by:

    1. Charfeddine, Lanouar & Kahia, Montassar, 2019. "Impact of renewable energy consumption and financial development on CO2 emissions and economic growth in the MENA region: A panel vector autoregressive (PVAR) analysis," Renewable Energy, Elsevier, vol. 139(C), pages 198-213.

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