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Growth, Investment, and Savings in the Arab Economies
Author:
Amer Bisat null

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Series:
IMF Working Papers
Volume/Issue:
Volume 1997: Issue 085
Language:
English
Publication Date:
01 Jul 1997
DOI:
https://doi.org/10.5089/9781451850710.001
ISBN:
9781451850710
ISSN:
1018-5941
Pages:
36
Keywords:
WP; TFP growth; capital share; TFP measure; savings-investment balance; investment performance; Growth; Investment; Savings; Growth Accounting; Arab; Middle East and North Africa; sound investment decision; private sector investment; Total factor productivity; Domestic savings; East Asia
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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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Sustaining a high rate of economic growth is the major policy issue facing the Arab economies. A detailed analysis of growth, investment, and savings for the period 1971-96, including through a growth accounting exercise, shows that increasing long-run growth requires improvements in both investment and domestic savings. In the past, the Arab region’s growth was overly reliant on volatile external sources of funding, and total factor productivity growth was too low. The paper discusses the policy priorities to overcome the legacy of poor growth.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund