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Restoring the Boom: Growth, Investment and Savings in the Arab World

Year: 1997

Type: preprint

Abstract: 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.

Source: SSRN Electronic Journal

Authors: Amer Bisat, Mohamed A. El‐Erian, Thomas Helbling

Institution: International Monetary Fund

Language: English

Topic: Economic Growth and Productivity

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W208153158

Cites:

Cited by: 1

Related to: 10