Growth, Investment, and Savings in the Arab Economies

Author/Editor:

Amer Bisat

Publication Date:

July 1, 1997

Electronic Access:

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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:

Sustaining a high rate of economic growth is the major policy issue facing the Arab economies. A detailed analysis of growth, investment, and savings for the period 1971-96, including through a growth accounting exercise, shows that increasing long-run growth requires improvements in both investment and domestic savings. In the past, the Arab region’s growth was overly reliant on volatile external sources of funding, and total factor productivity growth was too low. The paper discusses the policy priorities to overcome the legacy of poor growth.

Series:

Working Paper No. 1997/085

Subject:

Domestic savings Economic growth Growth accounting Labor National accounts Production Total factor productivity

English

Publication Date:

July 1, 1997

ISBN/ISSN:

9781451850710/1018-5941

Stock No:

WPIEA0851997

Pages:

36

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