[ Relation gouvernance et croissance économique: Un essai de modélisation par application au cas de la Tunisie ]
Volume 3, Issue 2, June 2013, Pages 470–477
Montassar Zayati1 and Makram Gaaliche2
1 Département des méthodes Quantitatives, UR « Tourisme et développement », FSEG Sousse, Tunisia
2 Département des Sciences Economiques, Institut Supérieur d'Administration des Entreprises, Gafsa, Tunisia
Original language: French
Copyright © 2013 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The purpose of this article is, by using a Vector Error Correction Model (VECM) applied to the case of Tunisia, to highlight the possible relationship of governance with economic growth. Indeed, considered as the way by which power is exercised in the management of economic and social resources of a country, several empirical studies have attempted to identify the relationship between the governance and the economic growth of a country. The majority of works were in the form of cross-section studies, without considering the time dimension. Similarly, the works usually based in the construction of the quality of the governance of a country on some components without taking into account all the qualities mentioned. Indeed, using a database of various official organizations, we have tried to build an aggregate indicator, supposedly apprehend the quality of Tunisian institutions. Certainly, it turned out from the various tests and investigations carried that a causal relationship exists between governance and economic growth. In other words, like the governance affects growth, the latter in turn has an effect on the quality of the institutions of the country.
Author Keywords: Governance, Economic growth, VECM model, Causal relationship, Tunisia.
Volume 3, Issue 2, June 2013, Pages 470–477
Montassar Zayati1 and Makram Gaaliche2
1 Département des méthodes Quantitatives, UR « Tourisme et développement », FSEG Sousse, Tunisia
2 Département des Sciences Economiques, Institut Supérieur d'Administration des Entreprises, Gafsa, Tunisia
Original language: French
Copyright © 2013 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
The purpose of this article is, by using a Vector Error Correction Model (VECM) applied to the case of Tunisia, to highlight the possible relationship of governance with economic growth. Indeed, considered as the way by which power is exercised in the management of economic and social resources of a country, several empirical studies have attempted to identify the relationship between the governance and the economic growth of a country. The majority of works were in the form of cross-section studies, without considering the time dimension. Similarly, the works usually based in the construction of the quality of the governance of a country on some components without taking into account all the qualities mentioned. Indeed, using a database of various official organizations, we have tried to build an aggregate indicator, supposedly apprehend the quality of Tunisian institutions. Certainly, it turned out from the various tests and investigations carried that a causal relationship exists between governance and economic growth. In other words, like the governance affects growth, the latter in turn has an effect on the quality of the institutions of the country.
Author Keywords: Governance, Economic growth, VECM model, Causal relationship, Tunisia.
Abstract: (french)
Le but de cet article est d'essayer, à partir de l'approche d'un Modèle Vectoriel à Correction d'erreur (VECM) appliqué au cas de la Tunisie, de mettre en évidence l'éventuelle relation de la qualité de gouvernance avec la croissance économique. En effet, considérée comme la manière par laquelle le pouvoir est exercé dans la gestion des ressources économiques et sociales d'un pays, plusieurs travaux empiriques ont tenté d'identifier la relation de la gouvernance avec la croissance économique d'un pays. Mais, la majorité des tentatives étaient sous forme d'études en coupe transversale, sans tenir compte de la dimension temporelle. De même, les travaux reposent généralement dans la construction de la qualité de gouvernance d'un pays sur quelques sous composantes, sans tenir compte de la totalité des qualités évoquées. En effet, en utilisant une base de données relative à différentes organisations officielles, nous avons essayé de construire un indicateur agrégé, supposé appréhender la qualité des institutions tunisiennes. Certes, il s'est avéré à partir des différents tests et investigations effectués, qu'une relation causale existe entre la gouvernance et la croissance économique en Tunisie. En d'autres termes, comme la gouvernance affecte la croissance, cette dernière exerce à son tour un effet sur la qualité des institutions du pays considéré.
Author Keywords: Gouvernance, Croissance économique, Modèle VECM, Relation causale, Tunisie.
How to Cite this Article
Montassar Zayati and Makram Gaaliche, “Relationship between governance and economic growth: A modeling test by application to the case of Tunisia,” International Journal of Innovation and Applied Studies, vol. 3, no. 2, pp. 470–477, June 2013.
