مجلة النمو الاقتصادي والمقاولاتية
Volume 6, Numéro 4, Pages 21-26
2024-01-05
Technology Frontier, Entrepreneurship And Economic Growth In Mena Countries: Evidence From Panel Data Analysis
Authors : Bouznit Mohammed .
Abstract
This article aims to empirically analyze the effects of the distance to the technology frontier, entrepreneurship and economic growth in MENA countries, over the period 2006-2020, using panel data analysis. The obtained results using the Generalized Least Squares method (FGLS), in the presence of the heteroscedasticity, autocorrelation and cross-sectional dependence in panel data, show that the economic growth is negatively linked to the technology frontier, nevertheless, entrepreneurship index does not appear significant over time, which may indicate that the entrepreneurship has not yet reached the critical threshold after which it begins to affect economic growth positively. Moreover, reducing the distance to the technology frontier and promoting the innovation activities, as well as the absorption of new technologies, and increasing the entrepreneurial activities will be the best way for MENA countries to catch up developed countries.
Keywords
Technology frontier ; Entrepreneurship ; Economic growth ; MENA countries ; Panel data analysis
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