Payame Noor University Economic Growth and Development Research 2228-5954 10 39 2020 06 21 The Effect of Political Stability and Democracy on Economic Growth in Selected Countries of the Organization of Islamic Cooperation: Dynamic Panel Approach (SYS-GMM) The Effect of Political Stability and Democracy on Economic Growth in Selected Countries of the Organization of Islamic Cooperation: Dynamic Panel Approach (SYS-GMM) 55 74 5204 10.30473/egdr.2018.41244.4880 FA Alireza Kazerooni Profosser of Economics, Universityof Tabriz, Tabriz, Iran Hosein Asgharpur Profosser of Economics, Universityof Tabriz, Tabriz, Iran Maryam Nafisi Moghadam Ph.D. Studnt of Economics, Universityof Tabriz, Tabriz, Iran Journal Article 2018 09 22 The purpose of this study is to investigate the effect of political stability and democracy on economic growth in member countries of the Organisation of Islamic Cooperation (OIC). This study estimated panel regression using a Generalizes Method of Moments (GMM) framework, on a sample of 34 OIC member countries for the period of 1986-2014. In this research, a composite indicator of Internal Conflict, External Conflict, Military in Politics, Ethnic and Religius Tensions Religion in Politics has been used to calculate the political stability index using the principal components analysis method (PCA). The results of the research show that political stability and democracy have a significant positive role in the economic growth. <br /><strong> </strong> The purpose of this study is to investigate the effect of political stability and democracy on economic growth in member countries of the Organisation of Islamic Cooperation (OIC). This study estimated panel regression using a Generalizes Method of Moments (GMM) framework, on a sample of 34 OIC member countries for the period of 1986-2014. In this research, a composite indicator of Internal Conflict, External Conflict, Military in Politics, Ethnic and Religius Tensions Religion in Politics has been used to calculate the political stability index using the principal components analysis method (PCA). The results of the research show that political stability and democracy have a significant positive role in the economic growth. <br /><strong> </strong> https://egdr.journals.pnu.ac.ir/article_5204_2a15ecdb2bb3bbfa5733d19a6b561fbb.pdf