Reviving Growth in the Arab World
Why has growth in the Arab world been so disappointing? Stagnating since 1985, the little growth that does exist is volatile and unstable, and the region has lagged behind both the gains of other developing countries and the region's own pre-1985 performance. This article attempts to encourage the revitalization of growth in the Arab world by addressing the following two questions: why has growth been so low, specifically in comparison to the high performers of East Asia, and why has it been so erratic and unstable? I estimate two growth models of the determinants of long-term growth and the persistence of growth, using global panel data drawn from more than 70 countries. I conclude by describing two strategies and one development constraint important in explaining the growth process specific to the Arab world.
Volume (Year): 53 (2005)
Issue (Month): 2 (January)
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