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Efficiency, Inefficiency, And The Mena Frontier

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  • Christopoulos, Dimitris K.
  • McAdam, Peter

Abstract

We examine technical efficiency in the Middle East and North Africa (MENA). In addition to economic indicators, political and social ones play a role in development and efficiency profiles. The MENA have been characterized by increasing economic efficiency over time but with marked polarization. We analyze and nest many key hypotheses, e.g., the contributions of religion, of natural resources, demographic pressures, human capital, etc. The originality of our contribution is the use of a large data set (including principal components), and extensive robustness checks. It should set a comprehensive benchmark and cross-check for related studies of development and technical efficiency.

Suggested Citation

  • Christopoulos, Dimitris K. & McAdam, Peter, 2019. "Efficiency, Inefficiency, And The Mena Frontier," Macroeconomic Dynamics, Cambridge University Press, vol. 23(2), pages 489-521, March.
    • Handle: RePEc:cup:macdyn:v:23:y:2019:i:02:p:489-521_00
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    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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