THE IMPACT OF PEACE ON THE ECONOMIC PERFORMANCE - AN EMPIRICAL STUDY

نوع المستند : المقالة الأصلية

المؤلف

قسم الاقتصاد والتجارة الخارجية كلية التجارة وإدارة الأعمال جامعة حلوان

المستخلص

This study examines the impact of global peace on economic performance in two groups of countries, the first of which are countries that enjoy a high degree of peace, and the other are countries that suffer from a deterioration in global peace.
The study aims to determine the impact of peace on the economic growth rate, foreign direct investment inflows and the inflation rate between 2008-2021 in the two groups of countries, by presenting the intellectual and theoretical contributions that dealt with war, violence and conflicts on economic performance on the one hand, and the contributions that dealt with the impact of peace on economic performance, on the other hand, by using the multivariate analysis (MANOVA model), which measures the impact of an independent variable on a group of dependent variables.
The study concluded that peace affects the economic performance of the countries, as the results showed the significant impact of the global peace index on both inflation and foreign direct investment inflows, with insignificant effect on nominal economic growth rates, with an emphasis on the importance of the global peace index as an important variable that must be included in the economic development theories and studies in the future.

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