Constraintson Growth in the MENA Region

ByRina Bhattacharya, Hirut Wolde

February 1, 2010

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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

In this paper we contribute to the empirical literature on growth in the MENA region by attempting to quantify the impact of the various constraints faced by local businesses highlighted by the World Bank’s Business Enterprise surveys. To the best of our knowledge this dataset has not been used in any empirical analysis looking at the main constraints on growth in the MENA region. Our empirical results suggest that the key direct constraints to growth in the MENA region are difficulties in access to finance, labor skill mismatches and shortages, and electricity constraints.

Subject: Business enterprises, Commodities, Economic sectors, Electricity, Labor, Labor shortages, Production, Total factor productivity

Keywords: Algeria, Business enterprises, business manager, Central and Eastern Europe, countries in the MENA, country, Electricity, Financial constraints, Growth, growth in the MENA, growth performance of the Middle East and North Africa, Labor shortages, Labor skill shortages, Lebanon, MENA average, MENA country, MENA economy, MENA region, Physical infrastructure, Sub-Saharan Africa, Total factor productivity, WP

Pages:
22
Volume:
2010
DOI:
https://doi.org/10.5089/9781451962574.001
Issue:
030
Series:
Working Paper No. 2010/030
Stock No:
WPIEA2010030
ISBN:
9781451962574
ISSN:
1018-5941

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