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Impact of Formal and Informal Institutions on Economic Growth: A Case Study on the MENA Region

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Regarding the Arab region, GDP per capita virtually stagnated for more than 20 years from 1980. During the same period, GDP per capita in the world’s highly industrialized states further increased and the gap between the Middle East and North Africa (MENA) and the highly developed countries widened. However, the differences between Arab countries and the Western states exist not only economically. The countries also differ regarding their political, legal, and social systems. This work explains the differences in development on the basis of institutional economics. In addition to a general theoretical part, an empirical analysis demonstrates the effects of institutions on income, and a historical case study explains the divergent development paths of the Arab region and selected advanced economies.

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Detail Information

Series Title

Hohenheimer Volkswirtschaftliche Schriften, Band 65

Call Number

338.956 DOB i

Publisher

Bern : Peter Lang International Academic Publishers., 2011

Collation

xvi, 234 pages ; 22 cm.

Language

English

ISBN/ISSN

9783631616161

Classification

338.956

Content Type

-

Media Type

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Carrier Type

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Edition

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Subject(s)

Middle East
Africa, North

Specific Detail Info

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