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This paper develops and tests a panel cointegration model to examine the interaction between economic growth and its determinants of selected North African Countries. The analysis is applied to five heavily indebted North African countries-namely Algeria, Egypt, Mauritania, Morocco, and Tunisia. The results based on Pedroni cointegratioan and fully Modified OLS (FMOLS), the tests proposed by Pedroni suggest that servicing a heavy debt could have an adverse impact on economic growth and capital inflow which in turn worsens the debt problem
ELMASHAT ESSADQ ALI ABUD, HUSSIN ABDULLAH, AHMAD SOBRI JAAFAR. (2014) Analysis on the Long Run Relationship between the Economic Growth and Its Determinants of Selected North African Countries, International Review of Management and Business Research, Volume 3, Issue 2.
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