The Impact of Political Stability on Economic Growth: The Case of Egypt

نوع المستند : المقالة الأصلية

المؤلفون

1 Teaching assistant, College of Management and Technology - Smart Village Campus - Assistant professor of Management, Arab Academy for Science Technology & Maritime Transport, Cairo, Egypt. MBA Candidate, Arab Academy Graduate School of Business - Smart Vil-lage Campus, Arab Academy for Science Technology & Maritime Transport, Cairo, Egypt.

2 Head of the Economics Department at October University for Modern Sci-ences and Arts (MSA), Egypt.

3 Vice Dean for Student Affairs at the College of Administration and Tech-nology in the (AASTMT), Egypt, Smart Village

المستخلص

A research goal emerging is examining how political stability influences the growth of the economy in Egypt. The years under review are from 1995 to 2022. The Economic Freedom Index (EFI) is our major independent variable. Also, the controlling factors used under study include capital, employment, inequality, trade health, and education. There are significant variations in descriptive statistics for all these variables explaining this in trade, employment, and education development while political stability has a major role. The technique employed as an econometric model is ARDL which is a quantitative technique used in this study that shows the positive effects of labor force participation rate, net wealth to net income ratio, and gross capital formation on GDP per capita. It was therefore concluded through this research that political stability can directly cause economic growth within the Egyptian economy. Therefore, decision-makers in society are advised by researchers to strive for political stability given its strong influence on economic growth

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