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Economic policy, institutional development, and income growth: How Arab countries compare with other developing countries

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dc.creator Nunnenkamp, Peter
dc.date 2003
dc.date.accessioned 2013-10-16T06:01:45Z
dc.date.available 2013-10-16T06:01:45Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/3056
dc.identifier ppn:371713056
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/3056
dc.description Similar to most other developing countries, almost all Arab countries failed to catch up economically with advanced industrial countries. This paper discusses three possible explanations of the disappointing growth performance: (i) an insufficient reformmindedness of developing country governments, (ii) counterproductive policy recipes of the Washington Consensus and (iii) more deeply rooted barriers to growth related to institutional deficiencies prevailing in various developing countries. The empirical evidence for Arab countries and other developing countries provides little support to the first two hypotheses. By contrast, institutional development is shown to have a significant impact on policy-related variables and the growth performance of developing countries. For Arab countries as a group, institutional development is more advanced than for the control group of other developing countries. Yet, serious institutional deficiencies tend to constrain future growth in several Arab countries. These findings have important implications for national policymakers and the international community.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kiel Working Papers 1183
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject O10
dc.subject O57
dc.subject ddc:330
dc.subject Washington Consensus , implementation deficits , effectiveness of reforms , institutional growth determinants
dc.subject Wirtschaftswachstum
dc.subject Wirtschaftspolitik
dc.subject Anpassungsprogramm des IWF
dc.subject Institutionalismus
dc.subject Vergleich
dc.subject Schätzung
dc.subject Arabische Staaten
dc.subject Entwicklungsländer
dc.title Economic policy, institutional development, and income growth: How Arab countries compare with other developing countries
dc.type doc-type:workingPaper

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