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Economic Integration in the Maghreb

Economic Integration in the Maghreb »

Source: Economic Integration in the Maghreb : An Untapped Source of Growth

Volume/Issue: 2019/1

Series: Departmental Papers / Policy Papers

Author(s): Jean-Francois Dauphin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2019

ISBN: 9781484378373

Keywords: Economic development, Tunisia, Economic integration, Morocco, North Africa, Algeria, Maghreb, Mauritania, Middle East, Maghreb; Economic Integration; Economic Development; North Africa

Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their tota...

Economic Integration in the Maghreb

Economic Integration in the Maghreb »

Source: Economic Integration in the Maghreb : An Untapped Source of Growth

Volume/Issue: 2019/1

Series: Departmental Papers / Policy Papers

Author(s): Alexei Kireyev , Boaz Nandwa , Lorraine Ocampos , Babacar Sarr , Ramzy Al Amine , Allan Auclair , Yufei Cai , and Jean-Francois Dauphin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2019

Language: French

ISBN: 9781484389164

Keywords: Maghreb; Economic Integration; Economic Development; North Africa, Libyan Arab Jamahiriya

Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their tota...

Economic Integration in the Maghreb: An Untapped Source of Growth

Economic Integration in the Maghreb: An Untapped Source of Growth »

Source: Economic Integration in the Maghreb : An Untapped Source of Growth

Volume/Issue: 2019/1

Series: Departmental Papers / Policy Papers

Author(s): Alexei Kireyev , Boaz Nandwa , Lorraine Ocampos , Babacar Sarr , Ramzy Al Amine , Allan Auclair , Yufei Cai , and Jean-Francois Dauphin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2019

Language: Arabic

ISBN: 9781484389843

Keywords: Maghreb, Economic Integration, Economic Development, North Africa, Libyan Arab Jamahiriya

Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their tota...

Economic Integration in the Maghreb
			: An Untapped Source of Growth

Economic Integration in the Maghreb : An Untapped Source of Growth »

Volume/Issue: 2019/1

Series: Departmental Papers / Policy Papers

Author(s): Alexei Kireyev , Boaz Nandwa , Lorraine Ocampos , Babacar Sarr , Ramzy Al Amine , Allan Auclair , Yufei Cai , and Jean-Francois Dauphin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2019

Language: Arabic

DOI: http://dx.doi.org/10.5089/9781484389843.087

ISBN: 9781484389843

Keywords: Maghreb, Economic Integration, Economic Development, North Africa, Libyan Arab Jamahiriya

Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their tota...

Economic Integration in the Maghreb
			: An Untapped Source of Growth

Economic Integration in the Maghreb : An Untapped Source of Growth »

Volume/Issue: 2019/1

Series: Departmental Papers / Policy Papers

Author(s): Jean-Francois Dauphin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2019

DOI: http://dx.doi.org/10.5089/9781484378373.087

ISBN: 9781484378373

Keywords: Economic development, Tunisia, Economic integration, Morocco, North Africa, Algeria, Maghreb, Mauritania, Middle East, Maghreb; Economic Integration; Economic Development; North Africa

Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their tota...

Economic Integration in the Maghreb
			: An Untapped Source of Growth

Economic Integration in the Maghreb : An Untapped Source of Growth »

Volume/Issue: 2019/1

Series: Departmental Papers / Policy Papers

Author(s): Alexei Kireyev , Boaz Nandwa , Lorraine Ocampos , Babacar Sarr , Ramzy Al Amine , Allan Auclair , Yufei Cai , and Jean-Francois Dauphin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2019

Language: French

DOI: http://dx.doi.org/10.5089/9781484389164.087

ISBN: 9781484389164

Keywords: Maghreb; Economic Integration; Economic Development; North Africa, Libyan Arab Jamahiriya

Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their tota...

Algérie: Rapport Des Services Du FMI Pour Les Consultations De 2018 Au Titre De L’article IV

Algérie: Rapport Des Services Du FMI Pour Les Consultations De 2018 Au Titre De L’article IV »

Source: Algeria : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Volume/Issue: 2018/168

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2018

Language: French

ISBN: 9781484367674

Keywords: Middle East, Algeria

This 2018 Article IV Consultation highlights the important challenges Algeria continues to face as a result of the fall in oil prices four years ago. Despite sizable fiscal consolidation in 2017, the fiscal and cur...

Algérie: Rapport Des Services Du FMI Pour Les Consultations De 2018 Au Titre De l’Article IV — Annexe d’Information

Algérie: Rapport Des Services Du FMI Pour Les Consultations De 2018 Au Titre De l’Article IV — Annexe d’Information »

Source: Algeria : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Volume/Issue: 2018/168

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2018

Language: French

ISBN: 9781484367674

Keywords: Middle East, Algeria

This 2018 Article IV Consultation highlights the important challenges Algeria continues to face as a result of the fall in oil prices four years ago. Despite sizable fiscal consolidation in 2017, the fiscal and cur...

Déclaration de M. Jafar Mojarrad, Administrateur pour l’Algérie, et M. Kamel Badsi, Conseiller

Déclaration de M. Jafar Mojarrad, Administrateur pour l’Algérie, et M. Kamel Badsi, Conseiller »

Source: Algeria : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Volume/Issue: 2018/168

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2018

Language: French

ISBN: 9781484367674

Keywords: Middle East, Algeria

This 2018 Article IV Consultation highlights the important challenges Algeria continues to face as a result of the fall in oil prices four years ago. Despite sizable fiscal consolidation in 2017, the fiscal and cur...

Algeria
			: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Algeria : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria »

Volume/Issue: 2018/168

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2018

Language: French

DOI: http://dx.doi.org/10.5089/9781484367674.002

ISBN: 9781484367674

Keywords: Middle East, Algeria

This 2018 Article IV Consultation highlights the important challenges Algeria continues to face as a result of the fall in oil prices four years ago. Despite sizable fiscal consolidation in 2017, the fiscal and cur...

Le conseil d’administration du FMI conclut les consultations de 2018 au titre de l’article IV avec l’Algérie

Le conseil d’administration du FMI conclut les consultations de 2018 au titre de l’article IV avec l’Algérie »

Source: Algeria : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Volume/Issue: 2018/168

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2018

Language: French

ISBN: 9781484367674

Keywords: Middle East, Algeria

This 2018 Article IV Consultation highlights the important challenges Algeria continues to face as a result of the fall in oil prices four years ago. Despite sizable fiscal consolidation in 2017, the fiscal and cur...

Algeria

Algeria »

Source: Algeria : Selected Issues

Volume/Issue: 2018/169

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

ISBN: 9781484361764

Keywords: Government expenditures, Public investment, Inclusive growth, Wage bill, Selected issues

This Selected Issues paper discusses measures needed to improve public spending efficiency to foster more inclusive growth in Algeria. Fostering more inclusive growth in a sustainable way requires addressing Algeri...

Algeria: Staff Report for the 2018 Article IV Consultation

Algeria: Staff Report for the 2018 Article IV Consultation »

Source: Algeria : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Volume/Issue: 2018/168

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

ISBN: 9781484361702

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Monetary policy, Fiscal reforms, Exchange rate depreciation, Parallel exchange markets, Economic indicators, Debt sustainability analysis, Press releases

This 2018 Article IV Consultation highlights that Algeria continues to face important challenges posed by the fall in oil prices four years ago. Despite a sizeable fiscal consolidation in 2017, the fiscal and curre...

Algeria: Staff Report for the 2018 Article IV Consultation—Informational Annex

Algeria: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: Algeria : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Volume/Issue: 2018/168

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

ISBN: 9781484361702

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Monetary policy, Fiscal reforms, Exchange rate depreciation, Parallel exchange markets, Economic indicators, Debt sustainability analysis, Press releases

This 2018 Article IV Consultation highlights that Algeria continues to face important challenges posed by the fall in oil prices four years ago. Despite a sizeable fiscal consolidation in 2017, the fiscal and curre...

IMF Executive Board Concludes 2018 Article IV Consultation with Algeria

IMF Executive Board Concludes 2018 Article IV Consultation with Algeria »

Source: Algeria : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Volume/Issue: 2018/168

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

ISBN: 9781484361702

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Monetary policy, Fiscal reforms, Exchange rate depreciation, Parallel exchange markets, Economic indicators, Debt sustainability analysis, Press releases

This 2018 Article IV Consultation highlights that Algeria continues to face important challenges posed by the fall in oil prices four years ago. Despite a sizeable fiscal consolidation in 2017, the fiscal and curre...

Algeria
			: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Algeria : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria »

Volume/Issue: 2018/168

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

DOI: http://dx.doi.org/10.5089/9781484361702.002

ISBN: 9781484361702

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Monetary policy, Fiscal reforms, Exchange rate depreciation, Parallel exchange markets, Economic indicators, Debt sustainability analysis, Press releases

This 2018 Article IV Consultation highlights that Algeria continues to face important challenges posed by the fall in oil prices four years ago. Despite a sizeable fiscal consolidation in 2017, the fiscal and curre...

Algeria
			: Selected Issues

Algeria : Selected Issues »

Volume/Issue: 2018/169

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

DOI: http://dx.doi.org/10.5089/9781484361764.002

ISBN: 9781484361764

Keywords: Government expenditures, Public investment, Inclusive growth, Wage bill, Selected issues

This Selected Issues paper discusses measures needed to improve public spending efficiency to foster more inclusive growth in Algeria. Fostering more inclusive growth in a sustainable way requires addressing Algeri...

Statement by Mr. Jafar Mojarrad, Executive Director for Algeria, and Mr. Kamel Badsi, Advisor May 30, 2018

Statement by Mr. Jafar Mojarrad, Executive Director for Algeria, and Mr. Kamel Badsi, Advisor May 30, 2018 »

Source: Algeria : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Volume/Issue: 2018/168

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

ISBN: 9781484361702

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Monetary policy, Fiscal reforms, Exchange rate depreciation, Parallel exchange markets, Economic indicators, Debt sustainability analysis, Press releases

This 2018 Article IV Consultation highlights that Algeria continues to face important challenges posed by the fall in oil prices four years ago. Despite a sizeable fiscal consolidation in 2017, the fiscal and curre...

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...

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 »

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

DOI: http://dx.doi.org/10.5089/9781484357972.001

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...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

DOI: http://dx.doi.org/10.5089/9781484337165.087

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Source: A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

Chapter 5. A Way Forward

Chapter 5. A Way Forward »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Rising Challenges The pursuit of multiple goals with public payrolls—often with limited success—has left several countries in the region with high wage bills at a time of heightened...

Chapter 2. Benchmarking and Trends

Chapter 2. Benchmarking and Trends »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Comparison with Global Peers Public wage bills in the MENAP region are higher than in other emerging market and developing economies (Figure 2.1). 1...

Chapter 6. Conclusion

Chapter 6. Conclusion »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Management of public sector wage bills has emerged as an important policy challenge for the region. Reflecting legacies from the past—including the large role of the state—as well as considerable oil wealth...

Chapter 3. Drivers

Chapter 3. Drivers »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Policy Objectives Employment In many areas of the MENAP region, high wage bills reflect the traditional role of the state as the employer of first reso...

Chapter 1. Introduction

Chapter 1. Introduction »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Economic and social challenges have intensified across the Middle East and Central Asia. Despite a stronger global economy, the growth outlook for the region remains subdued (IMF 2017). Weak economic growth...

Chapter 4. Outcomes and Economic Effects

Chapter 4. Outcomes and Economic Effects »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Public Service Delivery Higher wage bills have on average not produced better service delivery, though public services are also affected by other considerations (Figures 4.1 and 4.2)...

Public Wage Bills in the Middle East and Central Asia

Public Wage Bills in the Middle East and Central Asia »

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

DOI: http://dx.doi.org/10.5089/9781484336731.087

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Public Wage Bills in the Middle East and Central Asia

Public Wage Bills in the Middle East and Central Asia »

Source: Public Wage Bills in the Middle East and Central Asia

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Back Matter

Back Matter »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Algeria: Selected Issues

Algeria: Selected Issues »

Source: Algeria : Selected Issues

Volume/Issue: 2017/142

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2017

ISBN: 9781484302675

Keywords: Algeria, Middle East

This Selected Issues paper discusses options for financing future fiscal deficits in Algeria. Algeria needs to undertake sustained fiscal consolidation to restore fiscal sustainability. The authorities should consi...

Algeria: Selected Issues

Algeria: Selected Issues »

Source: Algeria : Selected Issues

Volume/Issue: 2017/142

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2017

ISBN: 9781484302675

Keywords: Algeria, Middle East

This Selected Issues paper discusses options for financing future fiscal deficits in Algeria. Algeria needs to undertake sustained fiscal consolidation to restore fiscal sustainability. The authorities should consi...

Algeria: Selected Issues

Algeria: Selected Issues »

Source: Algeria : Selected Issues

Volume/Issue: 2017/142

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2017

ISBN: 9781484302675

Keywords: Algeria, Middle East

This Selected Issues paper discusses options for financing future fiscal deficits in Algeria. Algeria needs to undertake sustained fiscal consolidation to restore fiscal sustainability. The authorities should consi...

Algeria: Selected Issues

Algeria: Selected Issues »

Source: Algeria : Selected Issues

Volume/Issue: 2017/142

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2017

ISBN: 9781484302675

Keywords: Algeria, Middle East

This Selected Issues paper discusses options for financing future fiscal deficits in Algeria. Algeria needs to undertake sustained fiscal consolidation to restore fiscal sustainability. The authorities should consi...

Algeria: Staff Report for the 2017 Article IV Consultation

Algeria: Staff Report for the 2017 Article IV Consultation »

Source: Algeria : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Volume/Issue: 2017/141

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2017

ISBN: 9781484302668

This 2017 Article IV Consultation highlights Algeria's continued challenges posed by lower oil prices. Overall economic activity was resilient, but growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016,...

Algeria: Staff Report for the 2017 Article IV Consultation—Informational Annex

Algeria: Staff Report for the 2017 Article IV Consultation—Informational Annex »

Source: Algeria : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Volume/Issue: 2017/141

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2017

ISBN: 9781484302668

This 2017 Article IV Consultation highlights Algeria's continued challenges posed by lower oil prices. Overall economic activity was resilient, but growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016,...

IMF Executive Board Concludes 2017 Article IV Consultation with Algeria

IMF Executive Board Concludes 2017 Article IV Consultation with Algeria »

Source: Algeria : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Volume/Issue: 2017/141

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2017

ISBN: 9781484302668

This 2017 Article IV Consultation highlights Algeria's continued challenges posed by lower oil prices. Overall economic activity was resilient, but growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016,...

Algeria
			: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Algeria : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria »

Volume/Issue: 2017/141

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2017

DOI: http://dx.doi.org/10.5089/9781484302668.002

ISBN: 9781484302668

This 2017 Article IV Consultation highlights Algeria's continued challenges posed by lower oil prices. Overall economic activity was resilient, but growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016,...

Algeria
			: Selected Issues

Algeria : Selected Issues »

Volume/Issue: 2017/142

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2017

DOI: http://dx.doi.org/10.5089/9781484302675.002

ISBN: 9781484302675

Keywords: Algeria, Middle East

This Selected Issues paper discusses options for financing future fiscal deficits in Algeria. Algeria needs to undertake sustained fiscal consolidation to restore fiscal sustainability. The authorities should consi...

Statement by Mr. Jafar Mojarrad, Executive Director for Algeria, and Mr. Kamel Badsi, Advisor to the Executive Director May 26, 2017

Statement by Mr. Jafar Mojarrad, Executive Director for Algeria, and Mr. Kamel Badsi, Advisor to the Executive Director May 26, 2017 »

Source: Algeria : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

Volume/Issue: 2017/141

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2017

ISBN: 9781484302668

This 2017 Article IV Consultation highlights Algeria's continued challenges posed by lower oil prices. Overall economic activity was resilient, but growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016,...

Learning to Live with Cheaper Oil
			: Policy Adjustment in MENA and CCA Oil-Exporting Countries

Learning to Live with Cheaper Oil : Policy Adjustment in MENA and CCA Oil-Exporting Countries »

Volume: 16

Series: Departmental Papers / Policy Papers

Author(s): Martin Sommer , Allan Auclair , Armand Fouejieu , Inutu Lukonga , Saad Quayyum , Amir Sadeghi , Gazi Shbaikat , Andrew Tiffin , and Bruno Versailles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2016

DOI: http://dx.doi.org/10.5089/9781513520483.087

ISBN: 9781513520483

Keywords: Oil, Oil exporting countries, Oil exports, Oil prices, Oil producing countries, Oil product prices, Oil revenues, exporters, exchange rate, liquidity

This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks....

Executive Summary

Executive Summary »

Source: Learning to Live with Cheaper Oil : Policy Adjustment in MENA and CCA Oil-Exporting Countries

Series: Departmental Papers / Policy Papers

Author(s): Martin Sommer , Allan Auclair , Armand Fouejieu , Inutu Lukonga , Saad Quayyum , Amir Sadeghi , Gazi Shbaikat , Andrew Tiffin , and Bruno Versailles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2016

ISBN: 9781513520483

Keywords: Oil, Oil exporting countries, Oil exports, Oil prices, Oil producing countries, Oil product prices, Oil revenues, exporters, exchange rate, liquidity

The oil exporters in the Middle East and North Africa (MENA) and the Caucasus and Central Asia (CCA) are facing an exceptionally challenging policy environment. Lower oil prices hav...

4. Generating Jobs and Growth

4. Generating Jobs and Growth »

Source: Learning to Live with Cheaper Oil : Policy Adjustment in MENA and CCA Oil-Exporting Countries

Series: Departmental Papers / Policy Papers

Author(s): Martin Sommer , Allan Auclair , Armand Fouejieu , Inutu Lukonga , Saad Quayyum , Amir Sadeghi , Gazi Shbaikat , Andrew Tiffin , and Bruno Versailles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2016

ISBN: 9781513520483

Keywords: Oil, Oil exporting countries, Oil exports, Oil prices, Oil producing countries, Oil product prices, Oil revenues, exporters, exchange rate, liquidity

Growth Will Remain Well Below Historical Trends The steep and persistent decline in oil prices has sharply worsened the growth outlook, and the need to diversify away from oil has be...

Learning to Live with Cheaper Oil: Policy Adjustment in Oil-Exporting Countries of the Middle East and Central Asia

Learning to Live with Cheaper Oil: Policy Adjustment in Oil-Exporting Countries of the Middle East and Central Asia »

Source: Learning to Live with Cheaper Oil : Policy Adjustment in MENA and CCA Oil-Exporting Countries

Series: Departmental Papers / Policy Papers

Author(s): Martin Sommer , Allan Auclair , Armand Fouejieu , Inutu Lukonga , Saad Quayyum , Amir Sadeghi , Gazi Shbaikat , Andrew Tiffin , and Bruno Versailles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2016

ISBN: 9781513520483

Keywords: Oil, Oil exporting countries, Oil exports, Oil prices, Oil producing countries, Oil product prices, Oil revenues, exporters, exchange rate, liquidity

This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks....

Back Matter

Back Matter »

Source: Learning to Live with Cheaper Oil : Policy Adjustment in MENA and CCA Oil-Exporting Countries

Series: Departmental Papers / Policy Papers

Author(s): Martin Sommer , Allan Auclair , Armand Fouejieu , Inutu Lukonga , Saad Quayyum , Amir Sadeghi , Gazi Shbaikat , Andrew Tiffin , and Bruno Versailles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2016

ISBN: 9781513520483

Keywords: Oil, Oil exporting countries, Oil exports, Oil prices, Oil producing countries, Oil product prices, Oil revenues, exporters, exchange rate, liquidity

This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks....

1. Lower Oil Prices: A Challenging New Reality

1. Lower Oil Prices: A Challenging New Reality »

Source: Learning to Live with Cheaper Oil : Policy Adjustment in MENA and CCA Oil-Exporting Countries

Series: Departmental Papers / Policy Papers

Author(s): Martin Sommer , Allan Auclair , Armand Fouejieu , Inutu Lukonga , Saad Quayyum , Amir Sadeghi , Gazi Shbaikat , Andrew Tiffin , and Bruno Versailles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2016

ISBN: 9781513520483

Keywords: Oil, Oil exporting countries, Oil exports, Oil prices, Oil producing countries, Oil product prices, Oil revenues, exporters, exchange rate, liquidity

Over the past 15 years, MENA and CCA oil exporters enjoyed large external and fiscal surpluses and rapid economic expansion on the back of booming oil prices. Growth averaged almost 5 percent in the GCC regi...

3. Maintaining External and Financial Stability

3. Maintaining External and Financial Stability »

Source: Learning to Live with Cheaper Oil : Policy Adjustment in MENA and CCA Oil-Exporting Countries

Series: Departmental Papers / Policy Papers

Author(s): Martin Sommer , Allan Auclair , Armand Fouejieu , Inutu Lukonga , Saad Quayyum , Amir Sadeghi , Gazi Shbaikat , Andrew Tiffin , and Bruno Versailles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2016

ISBN: 9781513520483

Keywords: Oil, Oil exporting countries, Oil exports, Oil prices, Oil producing countries, Oil product prices, Oil revenues, exporters, exchange rate, liquidity

Exchange Rate Policy Options Oil exporters have taken diverse approaches to their exchange rate regimes. The GCC countries have decided to maintain their pegs, while the CCA countrie...

2. Preserving Fiscal Sustainability

2. Preserving Fiscal Sustainability »

Source: Learning to Live with Cheaper Oil : Policy Adjustment in MENA and CCA Oil-Exporting Countries

Series: Departmental Papers / Policy Papers

Author(s): Martin Sommer , Allan Auclair , Armand Fouejieu , Inutu Lukonga , Saad Quayyum , Amir Sadeghi , Gazi Shbaikat , Andrew Tiffin , and Bruno Versailles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2016

ISBN: 9781513520483

Keywords: Oil, Oil exporting countries, Oil exports, Oil prices, Oil producing countries, Oil product prices, Oil revenues, exporters, exchange rate, liquidity

Magnitude of the Fiscal Challenge The steep drop in oil prices has led to a significant deterioration in fiscal balances, despite the deficit-reduction measures adopted so far. This...

5. Takeaways

5. Takeaways »

Source: Learning to Live with Cheaper Oil : Policy Adjustment in MENA and CCA Oil-Exporting Countries

Series: Departmental Papers / Policy Papers

Author(s): Martin Sommer , Allan Auclair , Armand Fouejieu , Inutu Lukonga , Saad Quayyum , Amir Sadeghi , Gazi Shbaikat , Andrew Tiffin , and Bruno Versailles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2016

ISBN: 9781513520483

Keywords: Oil, Oil exporting countries, Oil exports, Oil prices, Oil producing countries, Oil product prices, Oil revenues, exporters, exchange rate, liquidity

Lower oil prices and other major shocks have hit the MENA and CCA regions with serious and persistent impacts. Sizable policy adjustment is needed in all major areas: fiscal, external, financial, and structu...

Algeria: Selected Issues

Algeria: Selected Issues »

Source: Algeria : Selected Issues

Volume/Issue: 2016/128

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2016

ISBN: 9781484358351

Keywords: oil price, exchange rate, exchange, monetary fund, revenues

This paper develops a structural macroeconomic model for Algeria that can help inform the discussion of the policy choices faced by the authorities. The model captures the core dynamics of Algeria's macro-economy a...

Algeria: Selected Issues

Algeria: Selected Issues »

Source: Algeria : Selected Issues

Volume/Issue: 2016/128

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2016

ISBN: 9781484358351

Keywords: oil price, exchange rate, exchange, monetary fund, revenues

This paper develops a structural macroeconomic model for Algeria that can help inform the discussion of the policy choices faced by the authorities. The model captures the core dynamics of Algeria's macro-economy a...

Algeria: Selected Issues

Algeria: Selected Issues »

Source: Algeria : Selected Issues

Volume/Issue: 2016/128

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2016

ISBN: 9781484358351

Keywords: oil price, exchange rate, exchange, monetary fund, revenues

This paper develops a structural macroeconomic model for Algeria that can help inform the discussion of the policy choices faced by the authorities. The model captures the core dynamics of Algeria's macro-economy a...

Algeria: Staff Report for the 2016 Article IV Consultation

Algeria: Staff Report for the 2016 Article IV Consultation »

Source: Algeria : 2016 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2016/127

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2016

ISBN: 9781484358436

Keywords: deficit, exchange, oil prices, exchange rate, monetary fund

This paper discusses the recent economic developments, outlook, risks, and policies required to foster sustainable economic growth of Algeria. Growth was sustained in 2015 while inflation picked up. The budget defi...

Algeria: Staff Report for the 2016 Article IV Consultation—Informational Annex

Algeria: Staff Report for the 2016 Article IV Consultation—Informational Annex »

Source: Algeria : 2016 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2016/127

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2016

ISBN: 9781484358436

Keywords: deficit, exchange, oil prices, exchange rate, monetary fund

This paper discusses the recent economic developments, outlook, risks, and policies required to foster sustainable economic growth of Algeria. Growth was sustained in 2015 while inflation picked up. The budget defi...

IMF Executive Board Concludes 2016 Article IV Consultation with Algeria

IMF Executive Board Concludes 2016 Article IV Consultation with Algeria »

Source: Algeria : 2016 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2016/127

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2016

ISBN: 9781484358436

Keywords: deficit, exchange, oil prices, exchange rate, monetary fund

This paper discusses the recent economic developments, outlook, risks, and policies required to foster sustainable economic growth of Algeria. Growth was sustained in 2015 while inflation picked up. The budget defi...

Algeria
			: 2016 Article IV Consultation-Press Release and Staff Report

Algeria : 2016 Article IV Consultation-Press Release and Staff Report »

Volume/Issue: 2016/127

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2016

DOI: http://dx.doi.org/10.5089/9781484358436.002

ISBN: 9781484358436

Keywords: deficit, exchange, oil prices, exchange rate, monetary fund

This paper discusses the recent economic developments, outlook, risks, and policies required to foster sustainable economic growth of Algeria. Growth was sustained in 2015 while inflation picked up. The budget defi...

Algeria
			: Selected Issues

Algeria : Selected Issues »

Volume/Issue: 2016/128

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2016

DOI: http://dx.doi.org/10.5089/9781484358351.002

ISBN: 9781484358351

Keywords: oil price, exchange rate, exchange, monetary fund, revenues

This paper develops a structural macroeconomic model for Algeria that can help inform the discussion of the policy choices faced by the authorities. The model captures the core dynamics of Algeria's macro-economy a...

Acknowledgments

Acknowledgments »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

This book would not have been possible without the support of the IMF’s Middle East Center for Economics and Finance (CEF) in Kuwait. Indeed, the book is based on the high-level diversification conference...

Breaking the Oil Spell
			: The Gulf Falcons' Path to Diversification

Breaking the Oil Spell : The Gulf Falcons' Path to Diversification »

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

DOI: http://dx.doi.org/10.5089/9781513537863.071

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

The 'Gulf Falcons'-the countries of the Gulf Cooperation Council-have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the ur...

Back Matter

Back Matter »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

The 'Gulf Falcons'-the countries of the Gulf Cooperation Council-have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the ur...

Front Matter

Front Matter »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

The 'Gulf Falcons'-the countries of the Gulf Cooperation Council-have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the ur...

Chapter 9. A Practitioner’s Narrative of Brazil’s Industrialization and the Role of the Brazilian Development Bank

Chapter 9. A Practitioner’s Narrative of Brazil’s Industrialization and the Role of the Brazilian Development Bank »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

Development, as economists say, is path dependent. That is, it is based on the context of individual countries and is historically determined. This chapter adopts a very pragmatic approach to this issue—from...

Chapter 8. Diversification and the Economy: The Role of Government in Enhancing the Industrial Base

Chapter 8. Diversification and the Economy: The Role of Government in Enhancing the Industrial Base »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

An individual economy develops and evolves along various paths. How different paths lead to a variation in economic prosperity and stability has always been a matter of curiosity to economists and policymake...

Chapter 6. Economic Diversification in Latin American Countries: A Way to Face Tough Times Ahead

Chapter 6. Economic Diversification in Latin American Countries: A Way to Face Tough Times Ahead »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

During the past decade, Latin American countries enjoyed some of their best economic times in recent memory. Most of the good performance is attributed to unusually favorable international prices, especially...

Chapter 3. Going Beyond Comparative Advantage: How Singapore Did It

Chapter 3. Going Beyond Comparative Advantage: How Singapore Did It »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

Singapore has been transformed economically, socially, and politically since independence in August 1965. The country’s industrial development strategy evolved from labor intensive in the 1960s, skill intens...

Chapter 7. Growth Policy Design for Middle-Income Countries

Chapter 7. Growth Policy Design for Middle-Income Countries »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

How can middle-income countries enhance productivity growth, helping them to avoid the so-called middle-income trap? This chapter discusses potential determinants of firm-level productivity and productivity...

Chapter 10. Implications of Korea’s Saemaul Undong for Development Policy: A Structural Perspective

Chapter 10. Implications of Korea’s Saemaul Undong for Development Policy: A Structural Perspective »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

Although quality of life is higher than ever before, a billion people still live in absolute poverty. To fight it, it is necessary for the developing economies, where the majority of poor people live, to ach...

Chapter 5. Industrial Diversification in Korea: History in Search of Lessons

Chapter 5. Industrial Diversification in Korea: History in Search of Lessons »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

Koreans define their predicaments in terms of absences. One of the first absences they will lament is that of exportable natural resources, from which stemmed a path of industrialization squarely focused on...

Chapter 11. Lessons for Today and the Way Forward

Chapter 11. Lessons for Today and the Way Forward »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

Reda Cherif, Fuad Hasanov, and Alfred Kammer Will Singapore be around in 100 years? I am not so sure. Whatever the choices are, I am absolutely sure that if Singa...

Chapter 4. Malaysia’s Move Toward a High-Income Economy: Five Decades of Nation Building—A View from Within

Chapter 4. Malaysia’s Move Toward a High-Income Economy: Five Decades of Nation Building—A View from Within »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

Malaysia is blessed with quite a few advantages that have enabled it to diversify economic activities and achieve a high quality of life. It has a strategically favorable location in Southeast Asia and enjoy...

Chapter 1. Soaring of the Gulf Falcons: Diversification in the GCC Oil Exporters in Seven Propositions

Chapter 1. Soaring of the Gulf Falcons: Diversification in the GCC Oil Exporters in Seven Propositions »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

Reda Cherif and Fuad Hasanov The countries of the Cooperation Council for the Arab States of the Gulf (GCC) face a difficult task in refocusing growth models to diversify thei...

Chapter 2. The Riddle of Diversification

Chapter 2. The Riddle of Diversification »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

As Reda Cherif and Fuad Hasanov conclude in Chapter 1, petro-states face daunting challenges—really a riddle for policymakers—to assure sustainable and diversified economies. Late-late developers...

Contributors

Contributors »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

Editors Reda Cherif is an Economist at the IMF, at the Institute for Capacity Development. He previously worked in the Fiscal Affai...

Foreword

Foreword »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

Natural-resource-rich economies face a peculiar development dichotomy. The natural resource wealth helps increase living standards, both directly and indirectly, in the latter case via the additional governm...

Introduction

Introduction »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

Tim Callen, Reda Cherif, and Fuad Hasanov Creativity always comes as a surprise to us; therefore we can never count on it and we dare not believe in it until it h...

Part III: Key Policies to Support Diversification

Part III: Key Policies to Support Diversification »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

...

Postscript

Postscript »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

This is an edited and abridged version of a conversation between His Excellency Minister Muhammad Al Jasser, then Minister of Economy and Planning of Saudi Arabia, and Min Zhu, IMF Deputy Managi...

Commodity Price Shocks and Financial Sector Fragility

Commodity Price Shocks and Financial Sector Fragility »

Source: Commodity Price Shocks and Financial Sector Fragility

Volume/Issue: 2016/12

Series: IMF Working Papers

Author(s): Tidiane Kinda , Montfort Mlachila , and Rasmané Ouedraogo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2016

ISBN: 9781498328722

Keywords: financial sector fragility, commodity, price, commodity price, prices, financial sector, General, Financial Markets and the Macroeconomy, Government Policy and Regulation, All Countries

This paper investigates the impact of commodity price shocks on financial sector fragility. Using a large sample of 71 commodity exporters among emerging and developing economies, it shows that negative shocks to c...

Commodity Price Shocks and Financial Sector Fragility

Commodity Price Shocks and Financial Sector Fragility »

Volume/Issue: 2016/12

Series: IMF Working Papers

Author(s): Tidiane Kinda , Montfort Mlachila , and Rasmané Ouedraogo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2016

DOI: http://dx.doi.org/10.5089/9781498328722.001

ISBN: 9781498328722

Keywords: financial sector fragility, commodity, price, commodity price, prices, financial sector, General, Financial Markets and the Macroeconomy, Government Policy and Regulation, All Countries

This paper investigates the impact of commodity price shocks on financial sector fragility. Using a large sample of 71 commodity exporters among emerging and developing economies, it shows that negative shocks to c...

The U.S. Oil Supply Revolution and the Global Economy

The U.S. Oil Supply Revolution and the Global Economy »

Volume/Issue: 2015/259

Series: IMF Working Papers

Author(s): Kamiar Mohaddes , and Mehdi Raissi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2015

DOI: http://dx.doi.org/10.5089/9781513509846.001

ISBN: 9781513509846

Keywords: Tight oil, shale oil, fracking revolution, oil price decline, oil supply, global macroeconometric modeling, international business cycle, oil, prices, oil prices

This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2...

The U.S. Oil Supply Revolution and the Global Economy1

The U.S. Oil Supply Revolution and the Global Economy1 »

Source: The U.S. Oil Supply Revolution and the Global Economy

Volume/Issue: 2015/259

Series: IMF Working Papers

Author(s): Kamiar Mohaddes , and Mehdi Raissi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2015

ISBN: 9781513509846

Keywords: Tight oil, shale oil, fracking revolution, oil price decline, oil supply, global macroeconometric modeling, international business cycle, oil, prices, oil prices

This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2...

Natural Resource Booms in the Modern Era
			: Is the curse still alive?

Natural Resource Booms in the Modern Era : Is the curse still alive? »

Volume/Issue: 2015/237

Series: IMF Working Papers

Author(s): Andrew Warner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2015

DOI: http://dx.doi.org/10.5089/9781513507224.001

ISBN: 9781513507224

Keywords: Resource Booms, gdp, economy, investment, capital, value, Infrastructures, All Countries,

The global boom in hydrocarbon, metal and mineral prices since the year 2000 created huge economic rents - rents which, once invested, were widely expected to promote productivity growth in other parts of the boomi...

Natural Resource Booms in the Modern Era

Natural Resource Booms in the Modern Era »

Source: Natural Resource Booms in the Modern Era : Is the curse still alive?

Volume/Issue: 2015/237

Series: IMF Working Papers

Author(s): Andrew Warner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2015

ISBN: 9781513507224

Keywords: Resource Booms, gdp, economy, investment, capital, value, Infrastructures, All Countries,

The global boom in hydrocarbon, metal and mineral prices since the year 2000 created huge economic rents - rents which, once invested, were widely expected to promote productivity growth in other parts of the boomi...

Fair Taxation in the Middle East and North Africa

Fair Taxation in the Middle East and North Africa »

Source: Fair Taxation in the Middle East and North Africa

Volume/Issue: 2015/16

Series: Staff Discussion Notes

Author(s): Mario Mansour , Pritha Mitra , Carlo Sdralevich , and Andrew Jewell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 September 2015

Language: Arabic

ISBN: 9781513552255

Keywords: Resource Revenues, Excise, Value-Added Tax, Equity, tax, taxes, Justice, Inequality, and Other Normative Criteria and Measurement, International Relations and International Political Economy: Other

Fairness - and what governments can do about it - is at the forefront of economic and social debate all over the world. In MENA, this has been at the core of recent political transitions but has not been adequately...

Fair Taxation in the Middle East and North Africa

Fair Taxation in the Middle East and North Africa »

Source: Fiscalité équitable au Moyen-Orient et en Afrique du Nord

Volume/Issue: 2015/16

Series: Staff Discussion Notes

Author(s): Mario Mansour , Pritha Mitra , Carlo Sdralevich , and Andrew Jewell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 September 2015

Language: French

ISBN: 9781513555515

Keywords: Recettes tirées des ressources, accises, taxe sur la valeur ajoutée, Fonds propres, taxe, taxes, Justice, inégalité, et autres critères et mesures normatifs, Relations internationales et économie politique internationale: Autre

La quête d'égalité et d'équité - et ce que peuvent faire les gouvernements pour la satisfaire - est au cœur du débat économique et social dans le monde entier. Dans la région du Moyen-Orient et de l'Afrique du Nord...

Fair Taxation in the Middle East and North Africa

Fair Taxation in the Middle East and North Africa »

Volume/Issue: 2015/16

Series: Staff Discussion Notes

Author(s): Mario Mansour , Pritha Mitra , Carlo Sdralevich , and Andrew Jewell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 September 2015

Language: Arabic

DOI: http://dx.doi.org/10.5089/9781513552255.006

ISBN: 9781513552255

Keywords: Resource Revenues, Excise, Value-Added Tax, Equity, tax, taxes, Justice, Inequality, and Other Normative Criteria and Measurement, International Relations and International Political Economy: Other

Fairness - and what governments can do about it - is at the forefront of economic and social debate all over the world. In MENA, this has been at the core of recent political transitions but has not been adequately...

Fiscalité équitable au Moyen-Orient et en Afrique du Nord

Fiscalité équitable au Moyen-Orient et en Afrique du Nord »

Volume/Issue: 2015/16

Series: Staff Discussion Notes

Author(s): Mario Mansour , Pritha Mitra , Carlo Sdralevich , and Andrew Jewell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 September 2015

Language: French

DOI: http://dx.doi.org/10.5089/9781513555515.006

ISBN: 9781513555515

Keywords: Recettes tirées des ressources, accises, taxe sur la valeur ajoutée, Fonds propres, taxe, taxes, Justice, inégalité, et autres critères et mesures normatifs, Relations internationales et économie politique internationale: Autre

La quête d'égalité et d'équité - et ce que peuvent faire les gouvernements pour la satisfaire - est au cœur du débat économique et social dans le monde entier. Dans la région du Moyen-Orient et de l'Afrique du Nord...

Transforming Non-Renewable Resource Economies (NREs)

Transforming Non-Renewable Resource Economies (NREs) »

Volume/Issue: 2015/171

Series: IMF Working Papers

Author(s): Bill Battaile , and Saurabh Mishra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 July 2015

DOI: http://dx.doi.org/10.5089/9781513573571.001

ISBN: 9781513573571

Keywords: resource curse, diversification, income, productivity, gdp, development, Global Outlook, General,

This paper provides an empirical benchmarking of growth, productivity and export patterns for developing NREs against other low and middle income developing countries, to inform policy discussions and future analyt...

Transforming Non-Renewable Resource Economies (NREs)

Transforming Non-Renewable Resource Economies (NREs) »

Source: Transforming Non-Renewable Resource Economies (NREs)

Volume/Issue: 2015/171

Series: IMF Working Papers

Author(s): Bill Battaile , and Saurabh Mishra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 July 2015

ISBN: 9781513573571

Keywords: resource curse, diversification, income, productivity, gdp, development, Global Outlook, General,

This paper provides an empirical benchmarking of growth, productivity and export patterns for developing NREs against other low and middle income developing countries, to inform policy discussions and future analyt...

Tax Policy in MENA Countries
			: Looking Back and Forward

Tax Policy in MENA Countries : Looking Back and Forward »

Volume/Issue: 2015/98

Series: IMF Working Papers

Author(s): Mario Mansour

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 May 2015

DOI: http://dx.doi.org/10.5089/9781484364789.001

ISBN: 9781484364789

Keywords: resource revenues, tax reform, MENA, tax, revenues, revenue, taxes, General, Personal Income and Other Nonbusiness Taxes and Subsidies, Business Taxes and Subsidies

This paper reviews trends in taxation and revenue in MENA countries over 1990-2012, with a focus on non-resource taxes. On average, non-resource revenues declined slightly, while resource revenues soared. Country e...

Tax Policy in MENA Countries

Tax Policy in MENA Countries »

Source: Tax Policy in MENA Countries : Looking Back and Forward

Volume/Issue: 2015/98

Series: IMF Working Papers

Author(s): Mario Mansour

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 May 2015

ISBN: 9781484364789

Keywords: resource revenues, tax reform, MENA, tax, revenues, revenue, taxes, General, Personal Income and Other Nonbusiness Taxes and Subsidies, Business Taxes and Subsidies

This paper reviews trends in taxation and revenue in MENA countries over 1990-2012, with a focus on non-resource taxes. On average, non-resource revenues declined slightly, while resource revenues soared. Country e...

Is Islamic Banking Good for Growth?

Is Islamic Banking Good for Growth? »

Volume/Issue: 2015/81

Series: IMF Working Papers

Author(s): Patrick Imam , and Kangni Kpodar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 April 2015

DOI: http://dx.doi.org/10.5089/9781475569285.001

ISBN: 9781475569285

Keywords: financial development, banks, banking, finance, bank, General,

The rapid growth of Islamic banking has attracted much attention lately in the economic literature. At the same time, a mature body of the literature has shown that financial development is broadly conducive to eco...

Is Islamic Banking Good for Growth?

Is Islamic Banking Good for Growth? »

Source: Is Islamic Banking Good for Growth?

Volume/Issue: 2015/81

Series: IMF Working Papers

Author(s): Patrick Imam , and Kangni Kpodar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 April 2015

ISBN: 9781475569285

Keywords: financial development, banks, banking, finance, bank, General,

The rapid growth of Islamic banking has attracted much attention lately in the economic literature. At the same time, a mature body of the literature has shown that financial development is broadly conducive to eco...

Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries

Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries »

Source: Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries

Volume: 15

Series: Technical Notes and Manuals

Author(s): Martin Cerisola , Chadi Abdallah , Victor Davies , and Mark Fischer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2015

ISBN: 9781498383905

Keywords: Fiscal policy, fiscal multipliers, fiscal, fiscal shocks, tax, multipliers, General, General

This note is a reference guide to the econometric work on fiscal multipliers for MENAP countries. Spending and tax multipliers are estimated from conventional VAR models and identified using a sign-restrictions app...

Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries

Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries »

Volume: 15

Series: Technical Notes and Manuals

Author(s): Martin Cerisola , Chadi Abdallah , Victor Davies , and Mark Fischer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2015

DOI: http://dx.doi.org/10.5089/9781498383905.005

ISBN: 9781498383905

Keywords: Fiscal policy, fiscal multipliers, fiscal, fiscal shocks, tax, multipliers, General, General

This note is a reference guide to the econometric work on fiscal multipliers for MENAP countries. Spending and tax multipliers are estimated from conventional VAR models and identified using a sign-restrictions app...

Estimating Potential Growth in the Middle East and Central Asia1

Estimating Potential Growth in the Middle East and Central Asia1 »

Source: Estimating Potential Growth in the Middle East and Central Asia

Volume/Issue: 2015/62

Series: IMF Working Papers

Author(s): Pritha Mitra , Amr Hosny , Gohar Abajyan , and Mark Fischer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2015

ISBN: 9781475545364

Keywords: potential growth, output gap, production function, Middle East, Central Asia., growth, capital, labor, tfp,

The Middle East and Central Asia's economic growth potential is slowing faster than in other emerging and developing regions, dampening hopes for reducing persistent unemployment and improving the region's genera...

Estimating Potential Growth in the Middle East and Central Asia

Estimating Potential Growth in the Middle East and Central Asia »

Volume/Issue: 2015/62

Series: IMF Working Papers

Author(s): Pritha Mitra , Amr Hosny , Gohar Abajyan , and Mark Fischer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2015

DOI: http://dx.doi.org/10.5089/9781475545364.001

ISBN: 9781475545364

Keywords: potential growth, output gap, production function, Middle East, Central Asia., growth, capital, labor, tfp,

The Middle East and Central Asia's economic growth potential is slowing faster than in other emerging and developing regions, dampening hopes for reducing persistent unemployment and improving the region's genera...