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This paper examines the influence of political stability on economic performance across different political regimes in the Middle East and North Africa (MENA) region. The study uses panel data of MENA sample countries from 1996 to 2018. The pooled OLS, fixed effects, random effects, and Hausman techniques are used to examine the estimated model. The study contributes to the political economy by discriminating the influence of different political regimes across MENA: republics, monarchies, and semi-democracies. The main findings show that when accounting for political regime types across MENA, the political stability of both republic regimes and monarchy regimes positively affects their economic performance. However, the impact tends to be negative for countries under semi-democratic regimes, as these countries suffer from a high level of political instability. Using other institutional indicators, semi-democratic regimes, as expected, outperformed the other political regimes. These results are consistent with the literature on the importance of democracy as a driver for economic enhancement.
Keywords: Political Regime; Political Stability; Economic Performance; Democracy;
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