Global Advanced Research Journal of Management and Business Studies (ISSN: 2315-5086)

September 2017 Vol. 6(5), pp 121-139

Copyright © 2017 Global Advanced Research Journals   

Original Research Articles

Determinants of Growth GDP per capita through Panel Data Analysis in Selected Arab Countries

Dr. Jihad. Alfarajat and Dr.  Mohammad. M. Alalaya

Al-Hussein Bin Talal University, College of administrative management and Economics, Ma’an, Jordan,

Al-Hussein Bin Talal University, College of administrative management and Economics, Ma’an, Jordan,

Corresponding author email : dr_alaya@yahoo.com

Accepted 13 September 2017

Abstract 

While empirical studies support the relevance of some factors for economic growth, some of them studies the cross countries of OCED variability, others research the variation between countries variability, in both growth patterns and potentially explanatory variables, this paper focuses on the selected Arab countries represent three levels of Growth domestic product.  The data quality has been utilized of data from many sources and using Colman filter then ADF test to ensure stability of data, where the estimation approach assume an even more crucial role as a novel econometric approach, that can be reconciled growth models assumptions.  The technique of this paper represents the difference in growth performance as well as the evaluation of performance over time in each selected Arab country, this technique of panel data analysis allows adjustment and convergence speeds to vary across countries in short term, and give a measure signs ,while in long term in which can be imposing restrictions Results can be summarized as the levels of rich or middle of income countries. Some of them depend on returns of oil productivity, while other countries try to develop all sectors, such as financial market, tourism sector, communication sector, industrial sector, and R&D as they could, but in this paper vary among countries. Our found indicates that as well the accumulation of physical as well as human capital is the main drivers of economic growth. 

Keywords: Economic growth, Determinant factors, Models  of  economic growth, Panel data, Arab countries, Jell classification: