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Business Environment Constraints On Growth In The Mena Region

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  • RINA BHATTACHARYA

    (Monetary and Capital Markets Department, International Monetary Fund, Washington, D.C. 20431, USA)

  • HIRUT WOLDE

    (Middle East and Central Asia Department, International Monetary Fund, Washington, D.C. 20431, USA)

Abstract

In this paper we contribute to the empirical literature on growth in the MENA region by attempting to quantify the impact of the various constraints faced by local businesses highlighted by the World Bank's Business Enterprise surveys. To the best of our knowledge this dataset has not been used in any empirical analysis looking at the main constraints on growth in the MENA region. Our empirical results suggest that the key direct constraints to growth in the MENA region are difficulties in access to finance, labor skill mismatches and shortages, and electricity constraints.

Suggested Citation

  • Rina Bhattacharya & Hirut Wolde, 2012. "Business Environment Constraints On Growth In The Mena Region," Middle East Development Journal (MEDJ), World Scientific Publishing Co. Pte. Ltd., vol. 4(01), pages 1-18.
    • Handle: RePEc:wsi:medjxx:v:04:y:2012:i:01:n:s1793812012500046
    DOI: 10.1142/S1793812012500046
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    References listed on IDEAS

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    1. Mr. Boileau Loko & Mame Astou Diouf, 2009. "Revisiting the Determinants of Productivity Growth - What’s new?," IMF Working Papers 2009/225, International Monetary Fund.
    2. Mustapha Kamel Nabli, 2007. "Breaking the Barriers to Higher Economic Growth : Better Governance and Deeper Reforms in the Middle East and North Africa," World Bank Publications - Books, The World Bank Group, number 6914, April.
    3. Heiko Hesse, 2008. "Export Diversification and Economic Growth," World Bank Publications - Books, The World Bank Group, number 28040, April.
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    Cited by:

    1. Hosny Amr, 2017. "Political Stability, Firm Characteristics and Performance: Evidence from 6,083 Private Firms in the Middle East," Review of Middle East Economics and Finance, De Gruyter, vol. 13(1), pages 1-21, April.

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