Description |
1 online resource (34 pages) : illustrations |
Series |
IMF working paper ; WP/07/57.
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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 |
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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 |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
Subject |
Debts, External -- Egypt
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Investments.
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Investments
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Investments
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Debts, External
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Economic history
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Economic policy
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Economic policy -- Econometric models
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SUBJECT |
Egypt -- Economic conditions -- 1981-
http://id.loc.gov/authorities/subjects/sh00001741
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Egypt -- Economic conditions -- 1981- -- Econometric models
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Egypt -- Economic policy
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Egypt -- Economic policy -- Econometric models
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Egypt -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85041275
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Subject |
Egypt
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Form |
Electronic book
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Author |
International Monetary Fund. Middle East and Central Asia Department.
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ISBN |
1282391666 |
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9781282391666 |
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9781451910742 |
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1451910746 |
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9781451866216 |
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1451866216 |
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1462308414 |
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9781462308415 |
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1452717834 |
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9781452717838 |
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9786613820099 |
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6613820091 |
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