The authors examine the impact of public infrastructure on private capital formation in three countries of the Middle East and North Africa-Egypt, Jordan, and Tunisia. They highlight various channels through which public infrastructure may affect private investment. Then they describe their...

Agenor, Nabli, Yousef, and Jensen study the impact of labor market policies on growth and unemployment in labor-exporting countries in the Middle East and North Africa. Their analysis is based on a framework that captures many of the main features of the labor market in these countries. The...

This paper examines the impact of public infrastructure on private capital formation in three countries of the Middle East and North Africa: Egypt, Jordan, and Tunisia. The first part highlights various channels through which public infrastructure may affect private investment. The second part...

In this paper, authors examine the political economy and consequences of industrial policy in the MENA region. How can the features of MENA's industrial policy be explained? And what accounts for the fact that, against world trends, industrial policies in MENA countries didn't followed the...

This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA) over the past forty years. While those countries have maintained high levels of income per capita, they have performed poorly when going beyond the assessment based on...

This paper analyzes the cyclical effects of bank capital requirements in a simple model with credit market imperfections. Lending rates are set as a premium over the cost of borrowing from the central bank, with the premium itself depending on firms’ effective collateral. Basel I- and Basel...

This paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature, the impact of infrastructure on investment adjustment...