Explaining Growth in the Middle East

✍ Scribed by Jeffrey B. Nugent and M. Hashem Pesaran (Eds.)

• Publisher: Elsevier, Academic Press
• Year: 2006
• Tongue: English
• Leaves: 451
• Series: Contributions to Economic Analysis 278
• Category: Library

✦ Synopsis

This book is about the Middle East and North Africa (MENA) region. This region is generally perceived as having experienced the most disappointing growth performance over the last couple of decades of any region in the world with the possible exception of Sub-Sahara Africa. Despite the regions immense endowment of natural resources, its per capita income is often viewed as having stagnated. At the same time, most economies of the region have been characterized by extremely high volatility, a condition only partly attributable to the fluctuating price of oil. MENA region has not been as comprehensively covered as other regions of the world (i.e., Latin America, East Asia, South Asia and Sub-Sahara Africa). The prominence of the MENA region in the global energy markets and the world political system makes this a necessary read. The topics of interest are wide ranging and diverse, ranging from dictatorships, civil wars, terrorism and water shortages, to more economic problems arising from volatile oil prices, barriers to trade and foreign investment, dominance of public enterprises, and low skill work forces.

✦ Table of Contents

Content:
Introduction to the Series
Page v

Preface
Pages vii-ix
Jeffrey Nugent, Hashem Pesaran

List of Contributors
Pages xix-xx

Chapter 1 Introduction: Explaining Growth in the Middle East Review Article
Pages 1-27
Jeffrey B. Nugent, M. Hashem Pesaran

Chapter 2 Determinants of Growth in the MENA Countries Review Article
Pages 31-60
Samir Makdisi, Zeki Fattah, Imed Limam

Chapter 3 A Reexamination of the Political Economy of Growth in the MENA Countries Review Article
Pages 61-102
Hadi Salehi Esfahani

Chapter 4 Financial Development and Economic Growth in the MENA Countries Review Article
Pages 103-136
Hasan Ersel, Magda Kandil

Chapter 5 Labor Markets and Economic Growth in the MENA Region Review Article
Pages 137-157
Christopher A. Pissarides, Marie Ange Véganzonès-Varoudakis

Chapter 6 Microeconomics of Growth in MENA: The Role of Households Review Article
Pages 159-194
Djavad Salehi-Isfahani

Chapter 7 Sources of Economic Growth and Technical Progress in Egypt: An Aggregate Perspective Review Article
Pages 197-236
Hanaa Kheir-El-Din, Tarek Abdelfattah Moursi

Chapter 8 Sources of Growth and the Output Gap for the Turkish Economy Review Article
Pages 237-266
Kıvılcım Metin Özcan, Ümit Özlale, Çağrı Sarıkaya

Chapter 9 Economic Growth and Economic Policy in Iran: 1950–2003 Review Article
Pages 267-305
Ahmad R. Jalali-Naini

Chapter 10 The Political Economy of Development Policy in Tunisia Review Article
Pages 307-334
Mohamed Z. Bechri, Sonia Naccache

Chapter 11 Algeria's Macroeconomic Performances from 1962 to 2000 Review Article
Pages 335-358
Mohamed Abdelbasset Chemingui, Moataz Mostafa El-Said

Chapter 12 Explaining Growth in an Oil-Dependent Economy: The Case of the United Arab Emirates Review Article
Pages 359-383
Adam B. Elhiraika, Annas H. Hamed

Chapter 13 Institutions, Household Decisions, and Economic Growth in Egypt Review Article
Pages 385-411
Ragui Assaad

Notes on the Authors
Pages 413-418

Subject Index
Pages 419-430