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Growth in the Middle East and North Africa

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  • Dalia Hakura

Abstract

This paper analyzes the weak growth performance in the Middle East and North Africa (MENA) region during 1980-2000 using an empirical model of long-run growth. The relative importance of the factors affecting growth is shown to vary across 16 MENA countries. In GCC countries, where oil revenues are significant, large governments appear to have been a key factor stifling private-sector growth and impeding diversification. In other MENA countries poor institutional quality has held back growth. Political instability is also shown to have played a role. While the MENA region''s growth differential with east Asia is explained well in the 1980s, this is less so in the 1990s.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 04/56.

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Length: 37
Date of creation: 01 Apr 2004
Date of revision:
Handle: RePEc:imf:imfwpa:04/56

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Keywords: Economic growth; Oil; Oil revenues; oil countries; terms of trade; growth rates; oil exporters; trade openness; growth rate; exporting countries; per capita income; total factor productivity; gdp growth; oil prices; nontariff barrier; trade regimes; trade regime; growth model; export earnings; growth accounting; per capita income levels; political economy; factor markets; trade data; business cycle; consumption expenditure; gdp per capita; growth rate of output; external shocks; tradable goods; real gdp; exchange rate regimes; growth analysis; oil exporter; open trade; trade restrictions; employment growth; business cycle fluctuations; trade reforms;

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References

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  1. Stanley Fischer, 1993. "The Role of Macroeconomic Factors in Growth," NBER Working Papers 4565, National Bureau of Economic Research, Inc.
  2. Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output per Worker than Others?," NBER Working Papers 6564, National Bureau of Economic Research, Inc.
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  18. Patricia Alonso-Gamo, 1997. "Globalization and Growth Prospect in Arab Countries," IMF Working Papers 97/125, International Monetary Fund.
  19. Andrew Berg & Anne O. Krueger, 2003. "Trade, Growth, and Poverty," IMF Working Papers 03/30, International Monetary Fund.
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Citations

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Cited by:
  1. Hideaki Hirata & Sunghyun Henry Kim & M. Ayhan Kose, 2007. "Sources of Fluctuations: The Case of MENA," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 43(1), pages 5-34, February.
  2. Raphael Espinoza, 2012. "Factor Accumulation and the Determinants of TFP in the GCC," OxCarre Working Papers 094, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
  3. Agenor, Pierre-Richard & Nabli, Mustapha K. & Yousef, Tarik M., 2005. "Public infrastructure and private investment in the Middle East and North Africa," Policy Research Working Paper Series 3661, The World Bank.
  4. Hossein Askari & Roshanak Taghavi, 2006. "Economic failure in the Middle East," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 81-111.
  5. Amina Lahrèche-Révil & Juliette Milgram, 2006. "Exchange-rate policies and trade in the MENA countries," ThE Papers 06/07, Department of Economic Theory and Economic History of the University of Granada..
  6. Ludvig Söderling & Hanan Morsy & Martin Petri & Martin Hommes & Manal Fouad & Wojciech Maliszewski, 2007. "Public Debt and Fiscal Vulnerability in the Middle East," IMF Working Papers 07/12, International Monetary Fund.
  7. Raphael Espinoza, 2012. "Government Spending, Subsidies and Economic Efficiency in the GCC," OxCarre Working Papers 095, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.

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