Governance and Private Investment in the Middle East and North Africa
Title | Governance and Private Investment in the Middle East and North Africa PDF eBook |
Author | Ahmet Faruk Aysan |
Publisher | World Bank Publications |
Pages | 65 |
Release | 2006 |
Genre | Accountability |
ISBN | 0530161214 |
"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 entrepreneurial investments. They then estimate a simultaneous model of private investment and governance quality where economic policies concurrently explain both variables. The empirical results show that governance plays a significant role in private investment decisions. This result is particularly true in the case of "administrative quality" in the form of control of corruption, bureaucratic quality, investment-friendly profile of administration, and law and order, as well as for "political stability." Evidence in favor of "public accountability" seems, however, less robust. The estimations also stress that structural reforms-such as financial development and trade openness-and human development affect private investment decisions directly, and/or through their positive impact on governance. These findings bring new empirical evidence on the subject of private investment in the developing world and in MENA countries in particular. "--World Bank web site.
Governance and Private Investment in the Middle East and North Africa
Title | Governance and Private Investment in the Middle East and North Africa PDF eBook |
Author | Ahmet Faruk Aysan |
Publisher | |
Pages | 65 |
Release | 2016 |
Genre | |
ISBN |
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 entrepreneurial investments. They then estimate a simultaneous model of private investment and governance quality where economic policies concurrently explain both variables. The empirical results show that governance plays a significant role in private investment decisions. This result is particularly true in the case of administrative quality in the form of control of corruption, bureaucratic quality, investment-friendly profile of administration, and law and order, as well as for political stability. Evidence in favor of public accountability seems, however, less robust. The estimations also stress that structural reforms - such as financial development and trade openness - and human development affect private investment decisions directly, and/or through their positive impact on governance. These findings bring new empirical evidence on the subject of private investment in the developing world and in MENA countries in particular.
Private Sector Development in the Middle East and North Africa Supporting Investment Policy and Governance Reforms in Iraq
Title | Private Sector Development in the Middle East and North Africa Supporting Investment Policy and Governance Reforms in Iraq PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 247 |
Release | 2010-06-11 |
Genre | |
ISBN | 9264077251 |
This publication reviews measures taken to support investment policy and governance reforms in Iraq.
Governance And Private Investment In The Middle East And North Africa
Title | Governance And Private Investment In The Middle East And North Africa PDF eBook |
Author | |
Publisher | |
Pages | |
Release | 2006 |
Genre | |
ISBN |
Governance Institutions and Private Investment
Title | Governance Institutions and Private Investment PDF eBook |
Author | Marie-Ange Veganzones-Varoudakis |
Publisher | |
Pages | 0 |
Release | 2011 |
Genre | |
ISBN |
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 published reports, we categorize what types of governance institutions are more detrimental to entrepreneurial investments. We then estimate a simultaneous model of private investment and governance quality where economic policies concurrently explain both variables. Our empirical results show that governance plays a significant role in private investment decisions. This result is particularly true in the case of “administrative quality” in the form of control of corruption, bureaucratic quality, investment-friendly profile of administration, law and order, as well as for “political stability.” Evidence in favor of “public accountability” is also found. Our estimations also stress that structural reforms like financial development, trade openness, and human development affect private-investment decisions directly, and/or through their positive effect on governance.
Breaking the Barriers to Higher Economic Growth
Title | Breaking the Barriers to Higher Economic Growth PDF eBook |
Author | Mustapha Kamel Nabli |
Publisher | World Bank Publications |
Pages | 500 |
Release | 2007-01-01 |
Genre | Business & Economics |
ISBN | 0821374168 |
The world's attention to the countries of the Middle East and North Africa (MENA) region has often been dominated by headline issues: conflict, sanctions, political turmoil, and rising oil prices. Little of this international attention has considered the broad range of development challenges facing this diverse group of countries. Breaking the Barriers reflects the collected thinking of the World Bank's Office of the Chief Economist for the MENA Region on the long-term development challenges facing the region and the reform priorities and strategies for effectively meeting these challenges. It.
Private Sector Development in the Middle East and North Africa Making Reforms Succeed Moving Forward with the MENA Investment Policy Agenda
Title | Private Sector Development in the Middle East and North Africa Making Reforms Succeed Moving Forward with the MENA Investment Policy Agenda PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 319 |
Release | 2008-07-29 |
Genre | |
ISBN | 9264052828 |
Highlights key outcomes of the work of the MENA-OECD Investment Programme from 2005-2007, including reforms achieved to date in investment policies and promotion, corporate governance, financial-sector development, and tax policies.