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Determinants of the Contemporary Inequality among MENA and African Countries: What are in the variation of Land and Natural Resource ownership?

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  • Ece Guleryuz

Abstract

This paper examines the fundamental determinants of the contemporary income inequailty and economic growth in MENA and African countries in a panel data estimation during the period 1970-2013 for 24 countries. It is hypothesized that the variation in oil rents, human capital accumulation, and initial inequality in land ownership have significant impacts on contemporary income inequality in different countries. Furthermore, various political economy factors are included in the regression in order to measure the effect of institutional quality. The estimation results show that the oil rents levels, initial inequality in land ownership, rule of law and property rights affect income inequality and growth performance with a statistical significance. Keywords: Landownership inequality, Oil rents, Income inequality, Growth performance, MENA and African countries JEL code: O13, O15, O41, O43, P16, Q00 Random Effects Model. Panel Data Estimation. The estimation results show that the oil rents levels, initial inequality in land ownership, rule of law and property rights affect income inequality and growth performance with a statistical significance.

Suggested Citation

  • Ece Guleryuz, 2016. "Determinants of the Contemporary Inequality among MENA and African Countries: What are in the variation of Land and Natural Resource ownership?," EcoMod2016 9317, EcoMod.
  • Handle: RePEc:ekd:009007:9317
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    References listed on IDEAS

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    More about this item

    Keywords

    Middle East and North Africa (MENA) and African Countries ; Growth; Macroeconometric modeling;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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