EconPapers    
Economics at your fingertips  
 

Economic Growth in Egypt: Constraints and Determinants

Anton Dobronogov () and Farrukh Iqbal
Additional contact information
Farrukh Iqbal: World Bank

Development and Comp Systems from EconWPA

Abstract: Egypt accelerated its ongoing transition from a public sector dominated economy to a private sector led and market oriented economy after the collapse of oil prices in the mid-1980s. Some aspects of the economy, such as trade policy, have been substantially transformed since then whereas other aspects, such as public control of the financial sector, have experienced less change in substance. We examine some determinants of growth in Egypt since the mid-1980s using insights from both standard econometric techniques and a diagnostic approach proposed by Hausmann, Rodrik and Velasco (2004). We find that trends in government consumption, credit to the private sector and the average growth rate of OECD countries have been significant determinants of growth in Egypt in the past. We also present evidence that suggests that inefficiency of financial intermediation is a significant current constraint on growth.

Keywords: Economic growth; Egypt; growth diagnostic; binding constraint; financial intermediation (search for similar items in EconPapers)
JEL-codes: O P (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr
Date: 2005-12-26
Note: Type of Document - pdf; pages: 36
References: Add references at CitEc
Citations View citations in EconPapers (9) Track citations by RSS feed

Downloads: (external link)
http://econwpa.repec.org/eps/dev/papers/0512/0512024.pdf (application/pdf)

Related works:
Journal Article: Economic Growth in Egypt: Constraints and Determinants (2007) Downloads
Working Paper: Economic Growth in Egypt: Constraints and Determinants (2004) Downloads
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:wpa:wuwpdc:0512024

Access Statistics for this paper

More papers in Development and Comp Systems from EconWPA
Series data maintained by EconWPA ().

 
Page updated 2017-09-29
Handle: RePEc:wpa:wuwpdc:0512024