Limit search to available items
Book Cover
E-book
Author Diop, Ndiame

Title Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa : the Effects of Natural Resources and the Role of Policies
Published Washington : World Bank Publications, 2012

Copies

Description 1 online resource (228 pages)
Series Directions in development
Directions in development
Contents Acknowledgments; Contributors; Chapter Abstracts; Abbreviations; Chapter 1 An Overview of Diversification in MENA: Rationale, Stylized Facts, and Policy Issues; The Facts: MENA Economies' Low Level of Diversification; Figures; 1.1 Changes in the Composition of GDP, 1980-83 to 2007-10; 1.2 Services Share in GDP by Level of Income; Boxes; 1.1 How Is MENA Performance Captured and Benchmarked in This Volume?; 1.3 Share of Services in Nonmining GDP; 1.4 Drivers of Export Growth (Excluding Oil Products), 1998-2008; Limited Diversification, Natural Resource Rents, and Growth Volatility
1.5 Natural Resource Rents in 2010, by RegionWhy Is Greater Diversification Desirable in MENA?; 1.6 Growth Volatility, by Region; The Role of Rents and Real Exchange Rates; The Role of Weak Links in Output Concentration; Fiscal Policy and Output Concentration; Natural Resources and Incentives for Regional Trade Reforms; Notes; References; Chapter 2 Resource Abundance and Growth: Benchmarking MENA with the Rest of the World; Benchmarking MENA's Long-Term Growth and Volatility; 2.1 MENA Long-Run Growth Performance; Tables; 2.1 Per Capita Income Mobility, 1982-2010
2.2 Growth and Its Volatility, 1982-2010Correlates of MENA's Growth Performance; 2.3 Real Effective Exchange Rate Volatility by Period; 2.4 Deviations from Estimated Equilibrium Real Exchange; 2.2 Estimated Equilibrium Real Exchange Rates; 2.1 MENA in the Natural Resource Curse Literature; 2.3 Frequency Ratios, Core NTMs, 2001-10; 2.5 Policy Indicators Affecting Trade in MENA; 2.6 Correlates of Bilateral Non-Oil Exports; 2.4 Average Distance of Trade and Trade Costs; 2.5 Average Trade Distance of MENA Countries with Traditional and New Trade Partners
2.7 Firm-Level Productivity, MENA and Non-MENA2.6 Export Diversification and per Capita Income; 2.7 Kaplan-Meier Survival Rates; 2.8 Correlates of Hazard Rates for 4-Digit Export Flows; Conclusion; Annex 2A Trade, Structural Change, and Natural Resources; 2A.1 Correlates of Trade Shares in GDP; 2A.1 Predicted Trade Shares in GDP; 2A.2 Correlates of the Share of Manufactures and Services in GDP; 2A.3 Correlates of the Share of Manufactures and Services in GDP in MENA; 2A.2 Actual versus Predicted Shares of Manufactures and Manufacture Exports: MENA
Annex 2B Ten Observations on Successful GrowthAnnex 2C Applied Tariff Protection Is Still Relatively High; 2C.1 Predicted Applied MFN Protection; Annex 2D Ad-Valorem Equivalents Estimations; 2D.1 Frequency Distribution of the Number of NTMs; 2D.2 Ad-Valorem Equivalents of NTMs; 2D.1 Ad-Valorem Equivalent of NTMs and per Capita Income; Notes; References; Chapter 3 Rents, Regulatory Restrictions, and Diversification toward Services in Resource-Rich MENA; Services in MENA: Stylized Facts; 3.1 Services Value-Added Growth and GDP Growth in MENA
Summary MENA is one of the richest regions in the world in terms of natural resources: it holds more than 60 percent of the world?s proven oil reserves, mostly located in the Gulf region, and nearly half of gas reserves. Oil represents 80-85 percent of merchandise exports in the region, making it highly depending on fluctuations in international prices. A long strand of economic literature has suggested that such dependence may hurt a country?s growth prospects and the scope for job creation by reducing economic diversification. This volume investigates the effect of natural resources and the role of
Notes 3.2 Composition of Exports in MENA and South Asia, 2008
Bibliography Includes bibliographical references
Notes Print version record
Subject Economic development -- Middle East
Economic development -- Africa, North
Natural resources -- Government policy -- Middle East
Natural resources -- Government policy -- Africa, North
Industrial policy -- Middle East
Industrial policy -- Africa, North
Diversification in industry -- Africa, North
Diversification in industry -- Middle East
Diversification in industry
Economic development
Industrial policy
Natural resources -- Government policy
North Africa
Middle East
Form Electronic book
Author Marotta, Daniela
De Melo, Jaime
ISBN 9780821395929
0821395920