In this paper, we ask if the convergence in policies leads to a convergence in growth dynamics for MENA countries. We first show that FDI promotion policies have been very similar in the South East Mediterranean countries during the last decade. Then, we try to find clubs of convergence in this area through KPSS and ADF models, and show the difficulty of observing such clubs among Mediterranean countries.
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Paper provided by Groupement de Recherches Economiques et Sociales in its series Cahiers du GRES with number
2007-13.
Find related papers by JEL classification: O2 - Economic Development, Technological Change, and Growth - - Development Planning and Policy O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
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