Economic Development in the Middle East and North Africa Challenges
Using cases on individual countries, Economic Development in the Middle East and North Africa offers diverse theoretical and empirical evidence on a variety of issues facing policymakers, investors, and other stakeholders in the region.
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Edited by
MOHAMED SAMI BEN ALI
Economic Development in the Middle East and North Africa
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Economi c D ev elo p m e n t i n t he M i d d le E a st a n d N o rth Af ri c a C h al l e n g e s a n d P r o sp ec ts
Ed i t e d b y
Moha med Sami B en Ali
Palgrave
macmillan
ECONOMIC DEVELOPMENT IN THE MIDDLE EAST AND NORTH AFRICA
Selection and editorial content © Mohamed Sami Ben Ali 2016 Individual chapters © their respective contributors 2016 Softcover reprint of the hardcover 1st edition 2016 978-1-137-48646-2 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission. In accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6-10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. First published 2016 by PALGRAVE MACMILLAN The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire, RG21 6XS. Palgrave Macmillan in the US is a division of Nature America, Inc., One New York Plaza, Suite 4500, New York, NY 10004-1562. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world.
ISBN 978-1-349-55918-3 E-PDF ISBN: 978–1–137–48066–8 DOI: 10.1057/9781137480668
Library of Congress Cataloging-in-Publication Data is available from the Library of Congress. A catalogue record for the book is available from the British Library.
Contents
List of Figures and Tables
vii
Acknowledgments
xi
Disclaimer Editor’s Introduction: The Problem under Analysis 1
The Role of Institutions in Economic Development Mohamed Sami Ben Ali and Sorin M. S. Krammer
2
Sources of Economic Growth in MENA Countries: Technological Progress, Physical or Human Capital Accumulations? Senay Acikgoz, Mohamed Sami Ben Ali, and Merter Mert
3
4
5
6
The Middle East and North Africa: Cursed by Natural Resources? Mohamed Sami Ben Ali, Lara Cockx, and Nathalie Francken Workers Remittances and Economic Development: Which Role for Education? Eugenie W. H. Maïga, Mina Baliamoune-Lutz, and Mohamed Sami Ben Ali The Inflation-Central Bank Independence Nexus: Where Do MENA Countries Stand? Mohamed Sami Ben Ali, Etienne Farvaque, and Muhammad Azmat Hayat Corruption and Economic Development Mohamed Sami Ben Ali and Shrabani Saha
xiii xv 1
27
71
95
115
133
vi
7
8
9
Contents
The Finance-Growth Nexus: Which Factors Can Interfere? Mohamed Sami Ben Ali, Nahla Samargandi, and Kazi Soh
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