Explaining Growth in the Middle East, Volume 278

1st Edition

Editors: Jeffrey Nugent Hashem Pesaran
Hardcover ISBN: 9780444522405
Imprint: Elsevier Science
Published Date: 14th November 2006
Page Count: 450


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Table of Contents

Preface 1 Introduction I. The Main Themes in the MENA Region as a Whole 2 The Determinants of Growth in The Middle East by Samir Makdisi, Zeki Fattah and Imed Limam 3 A Re-examination of the Political Economy of Growth Hadi Salehi Esfahani 4 Financial Development and Growth by Hasan Ersel and Magda Kandil 5 Labor Markets and Economic Growth in the MENA Region by Christopher Pissarides and Marie-Ange Veganzones-Varoudakis 6 Microeconomics of Growth: The Role of Households by Djavad Salehi- Isfahani II. Country Specific Studies 7 Sources of Economic Growth and Technical Progress in Egypt by Hanaa Kheir-El-Din and Tarek Abdelfattah Moursi 8 Sources of Growth and Output Gap for the Turkish Economy by KIVILCIM METÝN ÖZCAN , ÜMÝT ÖZLALE, and ÇAÐRI SARIKAYA 9 Economic Growth in Iran: 1950-2003, by Ahmed Jalali-Naini 10 The Political Economy of Development Policy in Tunisia by Mohamed Bechri and Sonia Naccaache 11 What Explains Algeria’s Poor Growth Performance? by Mohamed Chemingui and Moataz El Said 12 Explaining Growth in an Oil-Dependent Economy: The Case of the UAE, by Adam Elhiraika and Annas Hamed 13 Institutions, Household Decisions and Economic Growth in Egypt by Ragui Assaad


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.

Key Features

MENA region has not been as comprehensively covered as other regions of the world (i.e., Latin America, East Asia, South Asia and Sub-Sahara Africa) The prominence of the MENA region in the global energy markets and the world political system makes this a necessary read *Topics of interest are wide ranging and diverse, ranging from dictatorships, civil wars, terrorism and water shortages, to more economic problems arising from volatile oil prices, barriers to trade and foreign investment, dominance of public enterprises, and low skill work forces


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


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© Elsevier Science 2007
Elsevier Science
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About the Editors

Jeffrey Nugent Editor

Affiliations and Expertise

University of Southern California, Los Angeles, CA, USA

Hashem Pesaran Editor

Affiliations and Expertise

University of Cambridge, Cambridge, U.K.