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E-book
Author Enders, Klaus-Stefan, 1952-

Title Egypt -- searching for binding constraints on growth / prepared by Klaus Enders
Published Washington, D.C. : International Monetary Fund, ©2007

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Description 1 online resource (34 pages) : illustrations
Series IMF working paper ; WP/07/57.
Contents I. Introduction; Tables; 1. Real per Capita GDP Growth Rates; Figures; 1. Real per Capita GDP Growth; II. Searching for Binding Constraints on Growth; A. Is it Financing?; 2. The Most Problematic Factors for Doing Business; 2. National Savings, 1995-2005; 3. Real Bank Lending Rates, 1990-2005; 4. External Current Account, 1995-2005; 5. Private Credit, 1995-2005; 6. Banking Spreads (Lending Minus Deposit Rates), 1980-2005; B. Appropriability of Returns; 7. Private Sector Real Wages, 1995-2004; 8a. Sovereign Spread; 8b. Dollarization and Inflation; 3. Ease of Doing Business
4. Corruption Perceptions Index5. Economic Freedom Index; 6. Exports to World Trade Partners by Technology Content, 1985-2005; 9. Competitiveness Indicators, 1980-2006; C. Lack of Complementary Factors?; 7a. Primary School Enrollment; 7b. Secondary School Enrollment; 10. Growth Diagnostic Decision Tree; III. Crossing the Nile-Groping for Stones and Being Aware of Crocodiles; Appendices; I. Key Structural Reforms, July 2004-February 2007; II. Growth Constraints and Second-Best Theory; III. The Technological Classification of Products; References
Summary Since 2004 Egypt's growth has been accelerating in step with the launching of a series of ambitious reforms, reversing a trend during the preceding half-decade when Egypt's growth rate fell below that of most regional peers and well below that of the average developing country. This paper seeks to identify factors that held back Egypt's growth in the recent past, and explores whether recent reforms have removed the most binding constraints to allow at least a temporary growth spurt. Overall, the Egyptian reforms launched in 2004 appear to have focused well on the most critical constraints-reducing red tape and tax rates, and improving access to foreign exchange-thereby getting a strong growth response out of a limited set of reforms. However, inefficient bureaucracy remains an important obstacle to higher growth and reforms in this area should continue to have high payoffs. Ongoing reforms are also addressing constraints that are likely to become binding soon (or have become so already), such as inefficient financial intermediation and high public debt. Improvements in education may rapidly become a critical factor for sustaining higher growth
Bibliography Includes bibliographical references (pages 33-34)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
English
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Print version record
Subject Debts, External -- Egypt
Investments.
Investments
Investments
Debts, External
Economic history
Economic policy
Economic policy -- Econometric models
SUBJECT Egypt -- Economic conditions -- 1981- http://id.loc.gov/authorities/subjects/sh00001741
Egypt -- Economic conditions -- 1981- -- Econometric models
Egypt -- Economic policy
Egypt -- Economic policy -- Econometric models
Egypt -- Economic conditions. http://id.loc.gov/authorities/subjects/sh85041275
Subject Egypt
Form Electronic book
Author International Monetary Fund. Middle East and Central Asia Department.
ISBN 1282391666
9781282391666
9781451910742
1451910746
9781451866216
1451866216
1462308414
9781462308415
1452717834
9781452717838
9786613820099
6613820091
Other Titles Searching for binding constraints on growth