Economic Impact of Selected Conflicts in the Middle East: What Can We Learn from the Past?

 
Author/Editor: Randa Sab
 
Publication Date: June 11, 2014
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: Using narrative-based country-case studies, war episodes in the Middle East were examined to assess their economic impact on conflict and neighboring economies. The paper found that conflicts led to a contraction in growth, higher inflation, large fiscal and current account deficits, loss of reserves, and a weakened financial system. Post-conflict recovery depended on the economic and institutional development of the country, economic structure, duration of the war, international engagement, and prevailing security conditions. The net economic impact on neighboring countries varied according to their initial economic conditions, number and income level of refugees they hosted, economic integration, and external assistance.
 
Series: Working Paper No. 14/100
Subject(s): Regional shocks | Middle East | Economic recovery | Spillovers | Cross country analysis | Economic indicators

 
English
Publication Date: June 11, 2014
ISBN/ISSN: 9781498310895/1018-5941 Format: Paper
Stock No: WPIEA2014100 Pages: 32
Price:
US$18.00
 
 
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