Classy Writers

Classical Writers

The Arab Effect demonstrates several categories that are represented in the Arab Region.

The Arab Effect demonstrates several categories that are represented in the Arab Region. When we look at the impact of the individual characteristics of the pro-market, we can see that education scores the highest ( 0.04***) which indicates that education plays a major role. In regards to the economic motivation and thrift which are both important values of capitalism, the female, and InGDPcapita are low -0.08***, however on the other hand wave 6 scores 0.08 followed by 0.04**. Regression analysis reveals that that statically speaking, there is indeed no significant Arab premium relative to the ROW, the Arab effect reveals no significance other Muslim majority countries effect. Anaylsing Thrift (0.00***, Age ( 0.00***) followed by Muslim countries score 0.08**. This means that it provides self insurance to households while supporting investment and accumlation over time. Self-Insurance seems to be essential because as time progresses, so does the world, and it is for that reason that we need to be more cautious in case of an economic flacuation. In regards to attitude religiosity ( -12%) which on the contrary is positive around the world. Combining religiosity and hardwork, we find that to achieve what the goal, hardwork is needed, this is scored 0.06***. Females receiving and admitting to jobs are mostly in Arab countries regardless if Muslim or not. Despite this the Arab Women that participate in the labor force still tend to be extremely low due to culture, and customs, and on the contrary jobs are given to men as they seem to be more productive. This leads to the income inequality that is between both genders. Despite the fact that women might have higher and better jobs than men, they receive much less than as men, because men are seen to being the breadwinner rather than women. Table 3 shows that income 1 and income 2 score 0.11*** that shows it is significant at 1 %. The results from regression anaylsis reveal that when GDP per capita and personal characterstics are controlled for, citizens or Arab countries, aswell as those of Muslim- majority countries have on average the same values as in the rest of the countries. Finally, confidence plays a major role in regards to the development of the country, statistics show that the Arab countries score 0.22***

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