The Impact of Institutional Quality on Economic Growth in North African Countries: An Empirical Study using Panel Data During the Period (2002-2021)

Abstract

Over the past twenty years, economic literature and debates have increasingly referred to institutionalism as a response to long-standing questions concerning the origins of economic growth, the policies that can be employed to promote better economic performance outcomes, and the factors explaining cross-country differences in GDP levels. As a result, the analysis of the institutional framework within which an economy operates has become an indispensable subject of inquiry. This paper examines the impact of institutional quality on economic growth over a twenty-year period among North African countries, which are undergoing different stages of development. The analysis relies on institutional indicators tested through a multiple linear regression model covering the period 2002–2021.