IDEAS home Printed from https://ideas.repec.org/a/jda/journl/vol.49year2015issue1pp157-176.html
   My bibliography  Save this article

Economic development and sub-regional identities

Author

Listed:
  • Hussein F. Zeaiter*
  • Raed El Khalil
  • Khodr Fakih

    (Lebanese American University, Lebanon)

Abstract

This study argues that the regions classified by the World Bank are not coherent in terms of economic structures. The special identities within each region dictate that the economic performance in different sub-regions should be determined independently. Embracing Barro’s (1991) regional uniqueness analysis, each region is divided according to distinctive characteristics. A fixed effects unbalanced panel model for 185 countries over the period 1970-2012 is used. The results indicate that explanatory variables responded differently in each group, which indicates the significant effect of the identities used to determine the division of the regions. Based on our findings, this study recommends that governments should act as follows: (1) adjust their policies so that the population grows according to the growth requirements, (2) rationalize the management of natural resource-revenues and establish a multi-sectored economy, and (3) enhance political rights and civil liberties in addition to fighting corruption.

Suggested Citation

  • Hussein F. Zeaiter* & Raed El Khalil & Khodr Fakih, 2015. "Economic development and sub-regional identities," Journal of Developing Areas, Tennessee State University, College of Business, vol. 49(1), pages 157-176, January-M.
    • Handle: RePEc:jda:journl:vol.49:year:2015:issue1:pp:157-176
    as

    Download full text from publisher

    File URL: http://muse.jhu.edu/journals/journal_of_developing_areas/v049/49.1.zeaiter.html
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zeaiter, Hussein & El-Khalil, Raed, 2016. "Extreme bounds of sovereign defaults: Evidence from the MENA region," International Review of Economics & Finance, Elsevier, vol. 41(C), pages 391-410.

    More about this item

    Keywords

    Economic Development; Population Growth; Human Capital; Government Expenditures; Foreign Direct Investment; Political Risks;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jda:journl:vol.49:year:2015:issue1:pp:157-176. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Abu N.M. Wahid (email available below). General contact details of provider: https://edirc.repec.org/data/cbtnsus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.