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Growth, Investment, and Savings in the Arab Economies


  • Amer Bisat


Sustaining a high rate of economic growth is the major policy issue facing the Arab economies. A detailed analysis of growth, investment, and savings for the period 1971-96, including through a growth accounting exercise, shows that increasing long-run growth requires improvements in both investment and domestic savings. In the past, the Arab region’s growth was overly reliant on volatile external sources of funding, and total factor productivity growth was too low. The paper discusses the policy priorities to overcome the legacy of poor growth.

Suggested Citation

  • Amer Bisat, 1997. "Growth, Investment, and Savings in the Arab Economies," IMF Working Papers 97/85, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:97/85

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    References listed on IDEAS

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    7. John F. Wilson & Susan Fennell & Nigel A Chalk & Mohamed A. El-Erian & Alexei P Kireyev, 1997. "Kuwait; From Reconstruction to Accumulation for Future Generations," IMF Occasional Papers 150, International Monetary Fund.
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    10. Alwyn Young, 1992. "A Tale of Two Cities: Factor Accumulation and Technical Change in Hong Kong and Singapore," NBER Chapters,in: NBER Macroeconomics Annual 1992, Volume 7, pages 13-64 National Bureau of Economic Research, Inc.
    11. Reinhart, Carmen & Ogaki, Masao & Ostry, Jonathan, 1995. "Saving behavior in low- and middle-income developing countries," MPRA Paper 13757, University Library of Munich, Germany.
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    Cited by:

    1. Brach Juliane, 2010. "Technology, Political Economy, and Economic Development in the Middle East and North Africa," Review of Middle East Economics and Finance, De Gruyter, vol. 5(3), pages 1-23, February.
    2. Samir Makdisi,Zeki Fattah and Imed Limam, "undated". "Determinants of Growth in the Mena Countries," API-Working Paper Series 0301, Arab Planning Institute - Kuwait, Information Center.
    3. Auty, Richard M., 2001. "The political state and the management of mineral rents in capital-surplus economies: Botswana and Saudi Arabia," Resources Policy, Elsevier, vol. 27(2), pages 77-86, June.
    4. Xavier Sala-i-Martín & Elsa V. Artadi, 2003. "Economic growth and investment in the Arab world," Economics Working Papers 683, Department of Economics and Business, Universitat Pompeu Fabra.


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