This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the Dutch disease and the resource curse, which primarily focus on short run...

This paper introduces a novel approach for dealing with the 'curse of dimensionality' in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...

Introduction : explaining growth in the Middle East / M. Hashem Pesaran -- Financial development and economic growth in the MENA countries / Magda Kandil -- Labor markets and economic growth in the MENA region / Marie Ange Veganzones-Varoudakis -- Microeconomics of growth in MENA : the role of...