Could New Growth Cross-Country Empirics Explain the Single Country Growth of Syria during 1965-2004?
AbstractThe goal of this paper is to examine, whether the results of new growth cross-country empirics (Barro-type model) match the results of growth accounting exercise in Syria, during the period 1965-2004. To deal with this matter three main steps are followed. The first is, using cross-country growth empirics to find out the determinants of economic growth in developing countries. Secondly, individual country growth accounting is used to examine the sources of growth in Syria. Finally a test measuring to what extent the results of cross-country model match those of the Syrian individual country analysis is undertaken. The main results of this paper are: - The main determinants of growth in developing countries are domestic investment, initial income, initial human capital, quality of institutions, government consumption, inflation, openness and political instability, respectively. - The main engines of growth in Syria are physical and human capital accumulation and labor growth, whereas the contribution of the total factor productivity is too low. - Some results from the cross-country empirics are helpful in explaining the growth in Syria such as domestic investment. However, some other factors don’t seem to play their expected role. For instance, the relatively high growth rate in Syria is associated with poor institutions, a large size of government and a closed economy, which are considered main deterrents of growth according to cross-country empirics. Therefore, the results of cross-country growth empirics contradict, to a certain extent, with the results of country specific growth accounting in the case of Syria.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Economic Research Forum in its series Working Papers with number 417.
Length: 33 pages
Date of creation: Jul 2008
Date of revision: Jul 2008
Publication status: Published by The Economic Research Forum (ERF)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Namees Nabeel).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.