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Growth in the Middle East and North Africa
Author:
Ms. Dalia S Hakura
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Series:
IMF Working Papers
Volume/Issue:
Volume 2004: Issue 056
Language:
English
Publication Date:
01 Apr 2004
DOI:
https://doi.org/10.5089/9781451847734.001
ISBN:
9781451847734
ISSN:
1018-5941
Pages:
37
Keywords:
WP; country; Mena; oil country; government; GCC; economic growth; Middle East and North Africa; oil; institutions; conflicts; MENA country; growth differential; GCC country; MENA subgroup; Total factor productivity; Income; Terms of trade; Government consumption; East Asia; Middle East; North Africa; East Africa
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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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This paper analyzes the weak growth performance in the Middle East and North Africa (MENA) region during 1980-2000 using an empirical model of long-run growth. The relative importance of the factors affecting growth is shown to vary across 16 MENA countries. In GCC countries, where oil revenues are significant, large governments appear to have been a key factor stifling private-sector growth and impeding diversification. In other MENA countries poor institutional quality has held back growth. Political instability is also shown to have played a role. While the MENA region's growth differential with east Asia is explained well in the 1980s, this is less so in the 1990s.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2004: Issue 056