Abstract
This study investigates Libya's economic growth determinants, emphasizing government quality, economic openness, and domestic saving from 1996 to 2021. Results reveal the significance of political stability, effective governance, and rule of law in influencing economic growth. Positive links are found between governance quality and domestic saving, exports, FDI, and growth. Surprisingly, no significant relationship is observed between domestic saving, FDI, and economic growth, challenging conventional expectations. The study provides valuable insights for policymakers, highlighting the crucial role of effective governance in fostering economic development, with recommendations for further research and tailored policy interventions.
| Original language | English |
|---|---|
| Pages (from-to) | 5331-5367 |
| Number of pages | 37 |
| Journal | Pakistan Journal of Life and Social Sciences |
| Volume | 22 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2024 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
-
SDG 8 Decent Work and Economic Growth -
SDG 16 Peace, Justice and Strong Institutions -
SDG 17 Partnerships for the Goals
Keywords
- Domestic saving
- Economic growth
- Export
- FDI
- Government quality
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