Role of investments in industrialization process for sustained economic
No Thumbnail Available
Authors
Chiemeke, Charles
Bhuyan, Rafiqul
Issue Date
2015
Type
Journal Article
Peer-Reviewed
Peer-Reviewed
Language
Keywords
Alternative Title
Abstract
In this research we investigate the potential benefits of investments in industrialization
process for sustained growth on fifty six countries with special focus on Middle East and
North African Region (MENA). This study applies the varying coefficient production frontier
approach, a recently evolving technique that isolates catching up to the frontier (technical
efficiency improvement) from shifts in the frontier (technical progress), to analyze the
economic performance of developing countries of MENA. The results suggest that total
factor productivity (TFP) contributes a minimal amount to the output growth in this region
and the frontier estimations results also suggest that these countries do not achieve much
progress compared to the rest of the world. However, some of the MENA countries seem to
show a better growth performance than that of the averages in each sub period with respect to
the rest of MENA.
Description
Citation
Publisher
License
Journal
Volume
4
Issue
1