INSTITUTIONAL QUALITY AND ECONOMIC GROWTH IN THE MENA REGION: REFLECTION AND INTERACTION
For several decades now, numerous empirical studies have shown that the quality of institutions is a determining factor in economic growth. The new institutional theory defines the quality of institutions as a fundamental factor likely to generate inequalities in the level of economic development between countries. High-quality institutions encourage investment, innovation, production efficiency and trust between economic players. Conversely, poor-quality institutions discourage investment, discourage innovation, reduce production efficiency and encourage fraud and corruption. The aim of this article is to present the current state of good governance in the Middle East and North Africa region, based on World Governance Indicators (WGI) data developed by the World Bank
Keywords: Quality of Institutions, Good Governance, World Governance Indicators (WGI).