Econometric Modeling Between Legal Dimension Of Governance And Economic Growth In Some Arab Countries

Abstract

This study aimed to identify the impact of the legal dimension of governance on the economic growth of a sample of Arab countries, by determining the impact of the following variables: rule of law, Regulatory Quality , trade openness, and capital formation on the dependent variable: economic growth represented by the per capita of gross domestic product in 12 countries, during the period 2000-2022, based on panel data and the stata15 program. The study concludes that the best model for estimating the static panel model is the random effects model, Findings also show that the rule of law index, Regulatory quality, and trade openness had a significant and positive impact on economic growth, but the total capital formation index have no significant effects.