Economic diversification and its impact on the economic growth of North African countries (econometrics study by using the panel data during the period 2000-2019)

Abstract

The aim of this study is to identify the basic concepts of an economic diversification strategy, in addition to examining its impact on the economic growth of North African countries during the period 2000-2019. In order to reach results that enable us to test the hypotheses of the study, the relationship between the variables of economic diversification and economic growth was formulated in a model, which was estimated through the use of Panel Data models application on EViews 9.

Based on this, the study found a positive significant effect between the added values of the three sectors (industrial, agriculture and service) and the economic growth rates (GDP growth) for the countries under study.