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Record Nr. |
UNINA9910815679503321 |
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Titolo |
Natural resource abundance, growth and diversification in MENA : the effects of natural resources and the role of policies / / editors, Ndiame Diop, Daniela Marotta and Jaime De Melo |
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Pubbl/distr/stampa |
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Washington, DC, : World Bank, 2012 |
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ISBN |
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1-283-60924-X |
9786613921697 |
0-8213-9592-0 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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Collana |
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Directions in development |
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Altri autori (Persone) |
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DiopNdiame |
MarottaDaniela |
De MeloJaime |
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Disciplina |
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Soggetti |
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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 - Middle East |
Diversification in industry - Africa, North |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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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 |
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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 |
3.2 Composition of Exports in MENA and South Asia, 2008 |
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Sommario/riassunto |
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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 |
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