Recoveries in the Middle East, North Africa, and Pakistan : Have Macroeconomic Policies Been Effective? »
Series: IMF Working Papers
Author(s): Francesco Grigoli , and Dalia Hakura
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2010
Keywords: recoveries, investments, hydrocarbon exporting countries, trade openness, recession, export growth, exporters, real export growth,
This paper identifies and documents the properties of output gap recessions and recoveries in the Middle East, North Africa, and Pakistan (MENAP) during the 1980 to 2008 period. It goes on to investigate the key de...