Abstract
The purpose of this study is to estimate the potential growth rates of Arab countries from 1992 to 2019 based on the production function approach, and to analyze the GDP gap of each country. According to the estimates, the potential growth rates of all three selected Arab countries entered an upward phase in the 2000s, however, turned downward phase after the global financial crisis in the late 2000s and a series of geopolitical instabilities in the early 2010s. In addition, it was estimated that in Egypt and Saudi Arabia, the GDP gap was frequent and significantly large, while in Jordan, potential growth rates and real growth rates, in general, showed similar trends.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.