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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Manufacturing As The Engine Of Growth: Evidence From The Mena Region, Fatma Taşdemir
Manufacturing As The Engine Of Growth: Evidence From The Mena Region, Fatma Taşdemir
Topics in Middle Eastern and North African Economies
This study investigates the relationship between manufacturing share in GDP (MVA) and growth for a balanced panel of 13 Middle East and North Africa (MENA) economies over the 1996-2019 period. We examine whether the impact of MVA on growth may change depending on the structural domestic conditions (SDC) including human capital, governance and financial development. Our panel fixed effects threshold estimation results suggest that SDC provides an endogenously estimated threshold for the sensitivity of growth to MVA. Accordingly, manufacturing is the engine of growth for the episodes of SDC exceeding the data-driven estimated threshold levels. We find that SDC, themselves, …
The Impact Of Governance On Economic Growth: The Case Of Middle Eastern And North African Countries, Noha Emara, I-Ming Chiu
The Impact Of Governance On Economic Growth: The Case Of Middle Eastern And North African Countries, Noha Emara, I-Ming Chiu
Topics in Middle Eastern and North African Economies
The main goal of this paper is to evaluate the impact of governance on economic growth using a group of 188 countries. Although our main focus is on the 21 Middle Eastern and North African (MENA) countries, our findings can be applied to the other countries as well. We create a “composite governance index” (CGI) that summarizes the existing six governance measurements in the Worldwide Governance Indicators (WGI), using the Principal Components Analysis (PCA) method. The first principal component derived from the WGIs explains as much as 81% of the variations in the original six WGI measurements. We then use …
The Egyptian Revolution And Post Socio-Economic Impact, Doaa S. Abdou, Zeinab Zaazou
The Egyptian Revolution And Post Socio-Economic Impact, Doaa S. Abdou, Zeinab Zaazou
Topics in Middle Eastern and North African Economies
The Egyptian revolution carries a challenging transition phase, starting out with problems such as low foreign direct investments (FDI), a high budget deficit, a high debt rate, a high unemployment rate, a high poverty rate, and a low standard of living. In addition, the budget deficit is expected to rise from 8.1% in 2009/10 close to 10% in 2010/11, as the interim government boosts spending to offset the impact of the political unrest. The temporary supply shortages that followed the upheaval, coupled with rising international prices of food and fuel have been adding to the pressure on the domestic price …