Resource Dependence, Integration, and Diversification in MENA

Jaime de Melo and Cristian Ugarte

No P36, Working Papers from FERDI

Abstract: In spite of improved performance during the last decade, the MENA region has had a disappointing performance compared to other middle income countries. The paper surveys underlying causes by constructing micro and macro indicators and comparing performance with other countries. Lower growth and higher volatility (growth and real effective exchange rates) are typical of the Region (even when comparisons are restricted to other oil exporters). A sustained real exchange undervaluation found to be critical for most sustained growth episodes was largely absent in the countries in the region over the last thirty years. Compared with other middle-income countries, the manufacturing sector is under-sized, especially in resource-rich labor abundant countries. In spite of recent progress, microeconomic reforms are still to be completed, particularly in the area of regulatory policies and backbone services and trade policy barriers are still higher than elsewhere.

JEL-codes: F10 F14 F43 (search for similar items in EconPapers)
Date: 2012-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.ferdi.fr/sites/www.ferdi.fr/files/publi ... eMelo_Urgate_WEB.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.ferdi.fr/sites/www.ferdi.fr/files/publication/fichiers/P36_DeMelo_Urgate_WEB.pdf [301 Moved Permanently]--> https://ferdi.fr/sites/www.ferdi.fr/files/publication/fichiers/P36_DeMelo_Urgate_WEB.pdf [301 Moved Permanently]--> https://ferdi.fr/rails/active_storage/blobs/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBZ0VGIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--a02b5681ae48dd931aafe28e84ca365de8865254/P36_DeMelo_Urgate_WEB.pdf)

Related works:
Working Paper: Resource Dependence, Integration, and Diversification in MENA (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fdi:wpaper:505

Access Statistics for this paper

More papers in Working Papers from FERDI Contact information at EDIRC.
Bibliographic data for series maintained by Vincent Mazenod ().