NDLI: How to Boost Private Investment in the MENA Countries: The Role of Economic Reforms

Please wait, while we are loading the content...

How to Boost Private Investment in the MENA Countries: The Role of Economic Reforms

Content Provider	Semantic Scholar
Author	Aysan, Ahmet Faruk Pang, Gaobo Véganzonès-Varoudakis, Marie-Ange
Copyright Year	2005
Abstract	This paper analyzes the determinants of unsatisfying private investment growth in the Middle East and North Africa (MENA) throughout the 1980s and 1990. In this period, private investment in MENA has on average shown a decreasing or stagnant trend in contrast to the rest of the world. This paper show empirically for a panel of 40 developing economies -among which five MENA countries -that in addition to the traditional determinants of investment -such as the growth anticipations and the real interest rate -government policies explain MENA's low investment rate. Insufficient structural reforms represented as poor financial development and deficient trade openness has been a crucial factor for the deficit in private capital formation. Economic uncertainties of the region have constituted major deterrent for firms to invest. High external debt burden and economic volatility arise as primary reasons for high uncertainty in the region. These findings provide new empirical evidences on the determinants of private investment in the developing world and in MENA countries in particular.
File Format	PDF HTM / HTML
Volume Number	7
Alternate Webpage(s)	https://ecommons.luc.edu/cgi/viewcontent.cgi?article=1064&context=meea&httpsredir=1&referer=
Alternate Webpage(s)	https://ecommons.luc.edu/cgi/viewcontent.cgi?article=1064&context=meea
Alternate Webpage(s)	http://meea.sites.luc.edu/volume7/Aysan.pdf
Alternate Webpage(s)	http://ecommons.luc.edu/cgi/viewcontent.cgi?article=1064&context=meea
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

Central Library (ISO-9001:2015 Certified)
Indian Institute of Technology Kharagpur
Kharagpur, West Bengal, India | PIN - 721302

See location in the Map
03222 282435
Mail: support@ndl.gov.in

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in