Explaining Growth in the Middle East, 278 book cover

Explaining Growth in the Middle East, 278

This book is about the Middle East and North Africa (MENA) region. This region is generally perceived as having experienced the most disappointing growth performance over the last couple of decades of any region in the world with the possible exception of Sub-Sahara Africa. Despite the region¿s immense endowment of natural resources, its per capita income is often viewed as having stagnated. At the same time, most economies of the region have been characterized by extremely high volatility, a condition only partly attributable to the fluctuating price of oil.

Economists, graduate students and researchers of economics especially the MENA region. Secondary audience is policy makers of MENA and other regions of the world.


Published: November 2006

Imprint: Elsevier

ISBN: 978-0-444-52240-5


  • Preface1 IntroductionI. The Main Themes in the MENA Region as a Whole2 The Determinants of Growth in The Middle East by Samir Makdisi, Zeki Fattah and Imed Limam3 A Re-examination of the Political Economy of Growth Hadi Salehi Esfahani4 Financial Development and Growth by Hasan Ersel and Magda Kandil5 Labor Markets and Economic Growth in the MENA Region by Christopher Pissarides and Marie-Ange Veganzones-Varoudakis6 Microeconomics of Growth: The Role of Households by Djavad Salehi- IsfahaniII. Country Specific Studies7 Sources of Economic Growth and Technical Progress in Egypt by Hanaa Kheir-El-Din and Tarek Abdelfattah Moursi8 Sources of Growth and Output Gap for the Turkish Economy by KIVILCIM METÝN ÖZCAN , ÜMÝT ÖZLALE, and ÇAÐRI SARIKAYA9 Economic Growth in Iran: 1950-2003, by Ahmed Jalali-Naini10 The Political Economy of Development Policy in Tunisia by Mohamed Bechri and Sonia Naccaache11 What Explains Algeria¿s Poor Growth Performance? by Mohamed Chemingui and Moataz El Said12 Explaining Growth in an Oil-Dependent Economy: The Case of the UAE, by Adam Elhiraika and Annas Hamed13 Institutions, Household Decisions and Economic Growth in Egypt by Ragui Assaad


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