Adam Hassan

Date of Award

2023

Document Type

Thesis

Degree Name

Bachelors

Department

Social Sciences

First Advisor

Yu, Sherry

Area of Concentration

Quantitative Economics with Finance Secondary Field

Abstract

This thesis investigates the key causal factors that drive Egypt’s economic growth, more specifically, the real Gross Domestic Product per capita. Combining various well-known indicators of development, the empirical model evaluates the impact of eight explanatory and twelve dummy variables using a multiple Ordinary Least Squares regression analysis. Statistically significant results demonstrate that foreign direct investment and life expectancy variables have positive impacts on economic growth, but rapid increase in government spending and military leadership of Egypt negatively affects economic growth. Furthermore, recommendations are offered to highlight the findings that increased foreign investment and properly-paced government spending are beneficial to Egypt’s economic growth. In conclusion, the main implication of this study is to help further support the Egypt’s socioeconomic development, one of the world’s most politically significant countries in the Middle East and North Africa. Future studies should continue validating current results and explicitly consider the role of political conditions.

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