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Investment and Growth in the Middle East and North Africa
Author:
Amer Bisat null

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Mr. Mohamed A. El-Erian null

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Mr. Mahmoud El-Gamal null

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Mr. Francesco P Mongelli
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Series:
IMF Working Papers
Volume/Issue:
Volume 1996: Issue 124
Language:
English
Publication Date:
01 Nov 1996
DOI:
https://doi.org/10.5089/9781451854671.001
ISBN:
9781451854671
ISSN:
1018-5941
Pages:
38
Keywords:
WP; MENA country; investment responsiveness; MENA region; MENA investment; investment performance; GDP ratio; investment challenge; investment decision; Stocks; Private investment; Capital productivity; Foreign direct investment; Public investment spending; Middle East; North Africa; East Africa; Asia and Pacific
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The paper considers investment and growth in the Middle East and North Africa (MENA) region. Notwithstanding cross-country differences, investment as a whole has been too low, too heavily tilted toward the public sector, too highly dependent on external influences, and less productive than in many other regions. Improving the region’s investment performance is critical if policymakers are to succeed in increasing the region’s economic growth rate. After discussing the relationship between investment and growth, the paper analyzes the investment responsiveness of various countries in the region and notes the policy priorities for strengthening the basis for rapid and sustained economic growth.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund