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Title:Natural resources, volatility, and inclusive growth: Perspectives from the Middle East and North Africa PDF Logo
Authors:Arezki, Rabah
Nabli, Mustapha
Issue Date:2012
Series/Report no.:CESifo working paper: Fiscal Policy, Macroeconomics and Growth 3818
Abstract:This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA) over the past forty years. While those countries have maintained high levels of income per capita, they have performed poorly when going beyond the assessment based on standard income level measures. Resource rich countries in MENA have experienced relatively low and non inclusive economic growth as well as high levels of macroeconomic volatility. Important improvements in health and education have taken place but the quality of the provision of public goods and services remains an important source of concerns. Looking forward we argue that the success of economic reforms in MENA rests on the ability of those countries to invest boldly in building inclusive institutions as well as high levels of human capacity in public administrations.
Subjects:natural resources
volatility
inclusive growth
Middle East and North Africa
JEL:D74
D63
F32
Q33
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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