Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63442
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dc.contributor.authorBecchetti, Leonardoen_US
dc.contributor.authorHasan, Iftekharen_US
dc.date.accessioned2012-09-21T09:39:54Z-
dc.date.available2012-09-21T09:39:54Z-
dc.date.issued2005en_US
dc.identifier.isbn9291907618en_US
dc.identifier.urihttp://hdl.handle.net/10419/63442-
dc.description.abstractWe analyse two potential effects arising from regional (and with EU) integration—increased quality of institutions (including the quality of financial institutions) and, economic policies and reduced multilateral exchange rate volatility—in a conditional convergence growth framework for MENA countries. To this purpose we outline an ad hoc methodology which implements the traditional bilateral exchange rate measures to test effects of multilateral exchange rate volatility on growth of per capita GDP. Our estimates show that both factors (quality of institutions and reduction of multilateral volatility) significantly and positively affect growth and conditional convergence. We observe that MENA countries are not far from EU and OECD countries in terms of exchange rate volatility, but much below in terms of institutional quality. We finally simulate the potential effects of an improvement in institutional quality in MENA countries on their process of growth and conditional convergence. We conclude arguing that regional integration may be highly beneficial for such countries, mainly because of its effects on institutional quality. – institutions ; exchange rate ; economic policyen_US
dc.language.isoeng-
dc.publisher|aUNU-WIDER |cHelsinkien_US
dc.relation.ispartofseries|aResearch Paper, UNU-WIDER, United Nations University (UNU) |x2005/73en_US
dc.subject.jelF31en_US
dc.subject.jelF36en_US
dc.subject.ddc330en_US
dc.subject.stwHandelsregionalismusen_US
dc.subject.stwWechselkursen_US
dc.subject.stwVolatilitäten_US
dc.subject.stwEU-Staatenen_US
dc.subject.stwOECD-Staatenen_US
dc.subject.stwMENA-Staatenen_US
dc.titleThe effects of (within and with EU) regional integration: Impact on real effective exchange rate volatility, institutional quality and growth for MENA countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn509142737en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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