Infrastructure and economic growth in the Middle East and North Africa
AbstractThis paper analyzes the impact of infrastructure on growth of total factor productivity and per capita income, using both growth accounting techniques and cross-country growth regressions. The two econometric techniques yield some consistent and some different results. Regressions based in the growth accounting framework suggest that electricity production helps explain cross-country differences in total factor productivity growth in the Middle East and North Africa region. Growth regressions support that conclusion, while also stressing an effect of telecommunications infrastructure. Finally, growth regressions also indicate quite consistently that the returns to infrastructure have been lower in the Middle East and North Africa region than in developing countries as a whole.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 5105.
Date of creation: 01 Oct 2009
Date of revision:
Transport Economics Policy&Planning; Achieving Shared Growth; Economic Growth; E-Business; Energy Production and Transportation;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-11-07 (All new papers)
- NEP-ARA-2009-11-07 (MENA - Middle East & North Africa)
- NEP-CWA-2009-11-07 (Central & Western Asia)
- NEP-DEV-2009-11-07 (Development)
- NEP-ENE-2009-11-07 (Energy Economics)
- NEP-FDG-2009-11-07 (Financial Development & Growth)
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