Explaining Growth in the Middle East, 278
- Jeffrey Nugent, University of Southern California, Los Angeles, CA, USA
- Hashem Pesaran, University of Cambridge, Cambridge, U.K.
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 regionÂ¿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.