The Effects of (within and with EU) Regional Integration: Impact on Real Effective Exchange Rate Volatility, Institutional Quality and Growth for MENA Countries

Leonardo Becchetti and Iftekhar Hasan

No RP2005-73, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: We analyse two potential effects arising from regional (and with EU) integration—increased quality of institutions (including the quality of financial institutions) and, economic policies and reduced multilateral exchange rate volatility—in a conditional convergence growth framework for MENA countries. To this purpose we outline an ad hoc methodology which implements the traditional bilateral exchange rate measures to test effects of multilateral exchange rate volatility on growth of per capita GDP.

Keywords: Econometric models (Economic development); Economic integration; Economic policy; Financial institutions; Foreign exchange (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (10)

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