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3. Caucasus and Central Asia: Unlocking the Region’s Growth Potential

3. Caucasus and Central Asia: Unlocking the Region’s Growth Potential »

Source: Regional Economic Outlook, November 2018, Middle East and Central Asia

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2018

ISBN: 9781484375389

Keywords: Regional Economic Outlook, Middle East and Central Asia, Economic growth, Oil prices, Market economies, Regional economics, Fiscal policy, economic outlook, global trade tensions, oil-importing countries

After a recovery in 2017, GDP growth in the Caucasus and Central Asia (CCA) region is expected to stabilize in 2018 and in the medium term. However, at forecast growth rates, it will take nearly...

Chapter 3. An Empirical Analysis of the Determinants of Successful Subsidy Reform

Chapter 3. An Empirical Analysis of the Determinants of Successful Subsidy Reform »

Source: Subsidy Reform in the Middle East and North Africa : Recent Progress and Challenges Ahead

Series: Departmental Papers / Policy Papers

Author(s): Carlo Sdralevich , Randa Sab , Younes Zouhar , and Giorgia Albertin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 July 2014

ISBN: 9781498350433

Keywords: Cross country analysis, Middle East, North Africa, Fiscal reforms, Fiscal policy, Social safety nets, Political economy, Subsidies, prices, food subsidies

In this chapter, we develop a rigorous and detailed approach to the problem of identifying the potential determinants of a successful subsidy reform. Our analysis builds on the exis...

Chapter 6. Conclusions

Chapter 6. Conclusions »

Source: Subsidy Reform in the Middle East and North Africa : Recent Progress and Challenges Ahead

Series: Departmental Papers / Policy Papers

Author(s): Carlo Sdralevich , Randa Sab , Younes Zouhar , and Giorgia Albertin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 July 2014

ISBN: 9781498350433

Keywords: Cross country analysis, Middle East, North Africa, Fiscal reforms, Fiscal policy, Social safety nets, Political economy, Subsidies, prices, food subsidies

Main Lessons and Takeaways In this paper, we have reviewed subsidy reform in many countries in the world with particular attention to the reforms recently undertaken in the Middle Ea...

Chapter 1. Introduction

Chapter 1. Introduction »

Source: Subsidy Reform in the Middle East and North Africa : Recent Progress and Challenges Ahead

Series: Departmental Papers / Policy Papers

Author(s): Carlo Sdralevich , Randa Sab , Younes Zouhar , and Giorgia Albertin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 July 2014

ISBN: 9781498350433

Keywords: Cross country analysis, Middle East, North Africa, Fiscal reforms, Fiscal policy, Social safety nets, Political economy, Subsidies, prices, food subsidies

The Middle East and North Africa (MENA) region is going through a period of unprecedented change. 1 Political transitions—ranging in intensity from...

Chapter 5. Issues of Special Interest to the Middle East and North Africa

Chapter 5. Issues of Special Interest to the Middle East and North Africa »

Source: Subsidy Reform in the Middle East and North Africa : Recent Progress and Challenges Ahead

Series: Departmental Papers / Policy Papers

Author(s): Carlo Sdralevich , Randa Sab , Younes Zouhar , and Giorgia Albertin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 July 2014

ISBN: 9781498350433

Keywords: Cross country analysis, Middle East, North Africa, Fiscal reforms, Fiscal policy, Social safety nets, Political economy, Subsidies, prices, food subsidies

This chapter will cover topics of particular importance to the Middle East and North Africa (MENA), based on recent reform experiences: best practices in social safety nets, impact...

Chapter 4. Recent Experiences of Subsidy Reform in the Middle East and North Africa

Chapter 4. Recent Experiences of Subsidy Reform in the Middle East and North Africa »

Source: Subsidy Reform in the Middle East and North Africa : Recent Progress and Challenges Ahead

Series: Departmental Papers / Policy Papers

Author(s): Carlo Sdralevich , Randa Sab , Younes Zouhar , and Giorgia Albertin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 July 2014

ISBN: 9781498350433

Keywords: Cross country analysis, Middle East, North Africa, Fiscal reforms, Fiscal policy, Social safety nets, Political economy, Subsidies, prices, food subsidies

In the past three years, subsidy reform in Middle East and North Africa (MENA) countries has received a new impulse, for two main reasons. 1 First,...

Chapter 2. Subsidies in the Middle East and North Africa: Widespread and Expensive

Chapter 2. Subsidies in the Middle East and North Africa: Widespread and Expensive »

Source: Subsidy Reform in the Middle East and North Africa : Recent Progress and Challenges Ahead

Series: Departmental Papers / Policy Papers

Author(s): Carlo Sdralevich , Randa Sab , Younes Zouhar , and Giorgia Albertin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 July 2014

ISBN: 9781498350433

Keywords: Cross country analysis, Middle East, North Africa, Fiscal reforms, Fiscal policy, Social safety nets, Political economy, Subsidies, prices, food subsidies

The Cost and Role of Subsidies in the Middle East and North Africa Countries Subsidies are common in many developing and emerging countries; they are particularly pervasive in the Mi...

Subsidy Reform in the Middle East and North Africa
			: Recent Progress and Challenges Ahead

Subsidy Reform in the Middle East and North Africa : Recent Progress and Challenges Ahead »

Series: Departmental Papers / Policy Papers

Author(s): Carlo Sdralevich , Randa Sab , Younes Zouhar , and Giorgia Albertin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 July 2014

DOI: http://dx.doi.org/10.5089/9781498350433.087

ISBN: 9781498350433

Keywords: Cross country analysis, Middle East, North Africa, Fiscal reforms, Fiscal policy, Social safety nets, Political economy, Subsidies, prices, food subsidies

In the Middle East and North Africa (MENA) countries price subsidies are common, especially on food and fuels. However, these are neither well targeted nor cost effective as a social protection tool, often benefiti...

Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria

Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria »

Source: Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria

Volume/Issue: 2018/124

Series: IMF Working Papers

Author(s): Maria Elkhdari , Moez Souissi , and Andrew Jewell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2018

ISBN: 9781484357972

Keywords: Algeria, Middle East, Fiscal policy; State-dependent multipliers; Output gap; Spending direction; Algeria; Structural Vector Autoregressive Model; Local Projection Methodology, Fiscal policy, State-dependent multipliers, Output gap, Spending direction, Structural Vector Autoregressive Model, Local Projection Methodology, Model Construction and Estimation

At a time when Algeria must undertake considerable fiscal consolidation to restore sustainability, the issue of fiscal multipliers has come to the fore. This paper estimates short-term and long-term fiscal multipli...

Fiscal Adjustment in the Gulf Countries: Less Costly than Previously Thought

Fiscal Adjustment in the Gulf Countries: Less Costly than Previously Thought »

Source: Fiscal Adjustment in the Gulf Countries: Less Costly than Previously Thought

Volume/Issue: 2018/133

Series: IMF Working Papers

Author(s): Armand Fouejieu , Sergio Rodriguez , and Sohaib Shahid

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

ISBN: 9781484361573

Keywords: Economic growth, Government expenditures, Fiscal policy, Fiscal policy, Fiscal stimulus and multipliers, Gulf Cooperation Council (GCC), Fiscal Multiplier, GCC, General, Asia including Middle East

This paper estimates fiscal multipliers for the Gulf Cooperation Council (GCC) countries. Using OLS panel fixed effects on a sample of six countries from 1990-2016, results indicate that GCC fiscal multipliers have...