Breadcrumbs Image

Working Paper Series

  • Home
  • dLibrary //
  • API Publications //
  • Working Paper Series
dLibrary // API Publications

Working Paper Series - Determinants of Growth in the Mena Countries



API Publications

dLibrary

Determinants of Growth in the Mena Countries


Volume : 0

No : 0

ISSN : WPS0301

Publisher : Arab Planning Institute - Kuwait

Author (s) : Samir Makdisi,Zeki Fattahand Imed Limam

Published Date : 1/1/2003


Contents :
The overall growthperformance of the MENA region over the period 1960-1998 has been both mixedand characterized by a higher degree of volatility compared with other regionsin the world. In comparing the growth pattern of the MENA region within aninternational perspective, we have found that: capital is less efficient; thenatural resource curse more pronounced; trade openness less beneficial togrowth; the impact of adverse external shocks higher; and the effect of outputvolatility on growth more detrimental. Total Factor Productivity Growth (TFPG) inthe MENA region, was not an important source of growth in comparison with otherregions. Non-oil and diversified economies have faired much better thanoil-exporting countries both in terms of output growth and TFPG. Finally, thedegree of exposure to internal and external shocks, the extent of economicdiversification and international competitiveness, were found to be importantfactors explaining variations in growth performance within the MENA region. 

Download File (Free)