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The Role of Macroeconomic Variables in Economic Growth in Selected Developing Countries for the Period 1990-2017 | ||
| Journal of Kirkuk University For Administrative and Economic Sciences | ||
| Volume 11, Issue 1, November 2021, Pages 148-171 PDF (1.46 M) | ||
| Author | ||
| Mudrika Thanon Yahya | ||
| University of Kirkuk Journal For Administrative and Economic Science | ||
| Abstract | ||
| Macroeconomic variables are defined as a set of economic factors that lead the economy to liberalize markets, privatize assets, withdraw some of its functions, and spread technology across continents.Therefore, many developing countries have adopted privatization policies in order to be affected by these types of changes aimed at increasing their economic growth. Our study was based on the hypothesis that macroeconomic variables contribute different roles in raising the rate of economic growth in developing countries. A number of these countries were selected, including Turkey, Egypt, Malaysia, Tunisia, and Jordan as a sample of our study. Time series in estimating the role of the mentioned variables in their economic growth. The practical results showed the significance of the foreign direct investment variable X1 with a positive impact on the economic growth rate in Tunisia and its effect was not positive in the mentioned growth in Malaysia. The economic growth in Turkey, Tunisia and Jordan was positive, while the impact of the total exports was significant and positive in the economic growth in Turkey, Egypt and Jordan, while its impact was not positive in Egypt, Malaysia and Tunisia, while the effect of inflation rate was not positive in Tunisia and Jordan. The significance of the rest of the estimated model variables has not been revealed. A number of conclusions have been reached. A competition from foreign products and reduce dependence on foreign imports exerted a negative impact on the mentioned growth rate. | ||
| Keywords | ||
| Macroeconomic variables; economic growth; developing countries | ||
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