Quality institutional reform and economic performance: Case of telecommunications in the MENA region

This paper tries to find the determinants and the economic performance measurements in the telecom sector by studying the impact of policy reform and the macro-institutional environment along with external factors such as the investment effort, population size and sector revenues in the MENA region on the economic performance in the sector. The privatization in the MENA region corresponded in many cases to a foreign capital participation which makes the analysis of the effect of this interaction very important. In a dynamic Panel data model, the System GMM estimator of Blundel and Bond (1998) allows us estimating the coefficients of each determinant as well as the weight of the reform policy and the institutional environment on the economic performance of the sector