Bhagwati, Jagdish, and Donald R. Davis, (1994) “Intra-Industry Trade Issues and Theory,” Harvard Institute of Economic Research Discussion Paper No. 1695, September 1994.
Barro, Robert J., and Jong-Wha Lee, 2001, “International Data on Educational Attainment: Updates and Implications,” Oxford Economic Papers, (Oxford University Press), pp. 541–563.
Bosworth, Barry, Susan M. Collins, and Yu-chin Chen, 1995, “Accounting for Differences in Economic Growth,” papers presented at the conference in Tokyo, Japan, October.
Boyd, John H., Ross Levine, and Bruce D. Smith, “The Impact of Inflation on Financial Sector Performance,” Journal of Monetary Economics (forthcoming).
Bruno, Michael, and William Easterly, 1998 “Inflation Crises and Long Run-Growth,” Journal of Monetary Economics, Vol. 41 (February 1998), pp. 3–26.
Christoffersen, Peter, and Peter Doyle, 2000 “From Inflation to Growth: Eight Years of Transition,” The Economics of Transition, Vol. 8, No. 2, pp. 421–451.
Easterly, William, and Stanley Fischer, 2000 “Inflation and the Poor,” Policy Research Working Paper No. 2335 (Washington: The World Bank, 2000), forthcoming in the “Journal of Money, Credit, and Banking.
English, William B., 1999 “Inflation and Financial Sector Size,” Journal of Monetary Economics, Vol. 44, (December 1999), pp. 379–400.
Ghosh, Atish, and Steven Phillips, 1988 “Warning: Inflation May Be Harmful to Your Growth,” IMF Staff Papers, International Monetary Fund, Vol. 45, (December 1998), pp.672–713.
Havrylyshyn, Oleh, and Peter Kunzel, 1997 “Intra-Industry Trade of Arab Countries: An Indicator of Potential Competitiveness,” IMF Working Paper 97/47 (Washington: International Monetary Fund).
International Monetary Fund, 2001, World Economic Outlook, May 2001: Fiscal Policy and Macroeconomic Stability, World Economic and Financial Surveys (Washington).
International Monetary Fund, 2003, “Algeria: Selected Issues and Statistical Appendix”, Country Report No. 03/69, Washington, DC. Available on the internet at http://www.imf.org/external/pubs/cat/longres.cfm?sk=16414.0
Khan, Mohsin S., and Abdelhak S. Senhadji, 2000 “Threshold Effects in the Relationship Between Inflation and Growth,” IMF Working Paper 00/110 (Washington: International Monetary Fund, June 2000).
Maciejewski, Edouard and Ahsan Mansur, 1996, “Jordan: Strategy for Adjustment and Growth”, IMF Occasional Paper 136, (Washington: International Monetary Fund, May 1996).
Mankiw, N. Gregory, David Romer, and David N. Weil, 1992, “A Contribution to the Empirics of Economic Growth,” Quarterly Journal of Economics, (May 1992), pp. 407–437.
Mansur, Ahsan and Catriona Purfield (2003), “Reforms and Progress Toward Debt Sustainability in Jordan”, Draft paper presented at the Conference “The Jordanian Economy in a Changing Environment”, Amman, Jordan, July 2003.
Mussa, Michael, Paul Masson, et al., “Exchange Rate Regimes in an Increasingly Integrated World Economy,” IMF Occasional Paper No. 193 (Washington: International Monetary Fund, 2000).
Romer, Christina, and David Romer, 1998, “Monetary Policy and the Well-Being of the Poor,” NBER Working Paper No. 6793 (Cambridge, Mass.: National Bureau for Economic Research, 1998).
Shaban, Radwan A., Abu-Ghaida Dina, and Abdel-Salam Al-Naimat (2001), “Poverty Alleviation in Jordan: Lessons for the Future”, (Washington: World Bank, June 2001).
World Bank, 1994, “Jordan: Consolidating Economic Adjustment and Establishing the Base for Sustainable Growth”, Report No. 12645-JO (Washington: World Bank)
Prepared by Ahsan Mansur and Joannes Mongardini.
Qualified industrial zones (QIZs) are industrial estates in Jordan, whose products enjoy special duty-and quota-free access to the U.S. market. This special access was approved by the U.S. Congress in 1996 as an incentive for economic cooperation between Jordan and Israel following the 1994 Peace Agreement. Products produced in the QIZs must have a minimum Jordanian and Israeli input to qualify for special access.
See English (1999) and Boyd, Levine, and Smith (2002).
The IIT index is defined as
The United Nations Comtrade Database is available at http://unstats.un.org/unsd/comtrade/default.aspx.
The source for data on growth and capital investment is the IMF’s International Finance Statistics database. The capital stock series is derived through an assumption of a constant depreciation factor of 4 percent. Data on labor force participation is published in the World Bank’s World Development Indicators database. Data on human capital is derived from estimates for Jordan published in Barro and Lee (2001). The data was extrapolated for 2001–02 using the same growth rate as in the period 1996–2000.
Cf. page 17. The factor shares are 0.44 for physical capital accumulation, 0.23 for labor force growth, and 0.33 for human capital accumulation.
Estimated on the basis of current weights of the consumer price index.
See Chapter VI for a more detailed discussion on the government’s food subsidy elimination in the 1990s.