In this paper we empirically analyse the linkages amongst economic reforms, human capital, physical infrastructure, and growth for a panel of 44 developing countries over 1970-1980 to 1999. For this purpose, we generate aggregated reform indicators using principal component analysis. We show...

In this paper we empirically analyze the linkages among economic reforms, human capital, physical infrastructure, and growth for a panel of 44 developing countries over 1970-80 to 1999. For this purpose, we generate aggregated reform indicators using principal component analysis. We show that...

This paper investigates the link between private investment decisions and various governance institutions in the form of corruption, quality of bureaucracy, judiciary, security of property rights, regulations and taxation, political stability, as well as political rights and civil liberties....

This paper addresses the issue of the low level of private investment in the Middle East and North Africa (MENA) region, with special emphasis on the role of governance. Based on the existing literature, the authors categorize what types of governance institutions are more detrimental to...

This paper shows that, during the 1970s and 1980s, MENA economies were characterized by a significant overvaluation of their currency. This overvaluation has had a cost in terms of competitiveness. To determine the degree of overvaluation of the MENA currencies, an indicator of misalignment was...

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Contents of the report are as follows: Long-term economic development: challenges and prospects for the Arab countries by Mustapha K. Nabli. Reform complementarities and economic growth in the Middle East and North Africa by Mustapha Kamel Nabli, and Marie-Ange Veganzones-Varoudakis. After...