By Rym Ayadi, Marek Dabrowski, Luc De Wulf
This e-book encompasses a designated selection of reports on key fiscal and social coverage demanding situations confronted via nations of the Southern and japanese Mediterranean quarter in a quick- and long term point of view. ready in the european funded FP7 undertaking on „Prospective research for the Mediterranean zone (MEDPRO)” carried out in 2010-2013 it takes account on fresh political advancements within the area (Arab Spring) and their capability results. It covers a wide spectrum of issues resembling components of monetary progress, macroeconomic and financial balance, exchange and funding, Euro-Mediterranean and intra-regional financial integration, inner most zone improvement and privatizations, infrastructure, tourism, agriculture, monetary region improvement, poverty and inequality, schooling, hard work marketplace and gender issues.
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Extra resources for Economic and Social Development of the Southern and Eastern Mediterranean Countries
Financial markets can improve economic efficiency and boost growth by facilitating specialization. Greenwood and Smith (1996) show that greater specialization requires more transactions. By lowering transaction costs, financial development can facilitate a process of specialization leading to productivity gains and higher rates of economic growth. 4 Investment and Infrastructure In the standard neoclassical growth model for a closed economy, an increase in the investment rate increases the steady state level of output and increases growth in the short-run, while the country converges to its new steady-state level.
The first stage estimates a Probit model (test for the probability of country i to exports to country j). In the second stage, when exports occur, the effects of trade barriers and other variables can be estimated through the choice of an estimator (Heckman 1979; Greene 2006). We tested various selection variables. The final specification assumes that the likelihood to export depends on the type of partner countries. Partner countries are classified into four groups according to the probability to export, which depends on political barriers.
2009). The Kee et al. (2009) methodology is applied in two stages. The first includes an estimation of the quantity impact of NTM on imports. This impact is then transformed into price effects, using import demand elasticities calculated in Kee et al. (2008). Using the dataset completed by Lopez Gonzalez and Mendez Parra (see Ghoneim et al 2012, Annex 3), proxies are available for tariffs, namely MFN, PREF (preferential) and AHS (effectively applied tariffs), which is the minimum between MFN and PREF.