Abstract

http://ssrn.com/abstract=548362
 
 

References (20)



 


 



Economic Development in the Middle East


Yochanan Shachmurove


The City College of The City University of New York - Department of Economics; The University of Pennsylvania - Department of Economics

May 2004

PIER Working Paper No. 04-022

Abstract:     
The economic and financial development are examined in Algeria, Egypt, Iran, Israel, Jordan, Kuwait, Lebanon, Morocco, Oman, Saudi Arabia, Syria, Tunisia, Turkey, United Arab Emirates, and Yemen, representing the Middle East and North Africa region. Lengthy bureaucratic procedures, unclear regulations, corruption, and heavy reliance on oil exports pose major obstacles to economic development and integration into global markets. These controlled economies directly affect foreign and domestic investments that are measured by five factors: Starting a Business, Hiring and Firing Workers, Enforcing Contracts, Getting Credit, and Closing a Business. This paper demonstrates that improvements in the standard of living will only be attained with fiscal and political reforms.

Number of Pages in PDF File: 38

Keywords: Middle East and North Africa (MENA), Algeria, Arab Republic of Egypt, Islamic Republic of Iran, Israel, Jordan, Kuwait, Lebanon, Morocco, Oman, Saudi Arabia, Syrian Arab Republic, Tunisia, Turkey, United Arab Emirates, the Republic of Yemen, Economic Indicators, Foreign Direct Investment

JEL Classification: E0, E1, F3, F4, N2, O4, O5

working papers series


Download This Paper

Date posted: May 20, 2004  

Suggested Citation

Shachmurove, Yochanan, Economic Development in the Middle East (May 2004). PIER Working Paper No. 04-022. Available at SSRN: http://ssrn.com/abstract=548362 or http://dx.doi.org/10.2139/ssrn.548362

Contact Information

Yochanan Shachmurove (Contact Author)
The City College of The City University of New York - Department of Economics ( email )
160 Convent Avenue
New York, NY 10031
United States
212-650-6202 (Phone)
The University of Pennsylvania - Department of Economics ( email )
3718 Locust Walk
Philadelphia, PA 19104
United States
215-898-1090 (Phone)
215-573-2057 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 7,084
Downloads: 2,614
Download Rank: 2,200
References:  20

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.344 seconds