Could New Growth Cross-Country Empirics Explain the Single Country Growth of Syria During 1965-2004? .

 

 

 

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Could New Growth Cross-Country Empirics Explain the Single Country Growth of Syria During 1965-2004?

 

 

العنوان: Could New Growth Cross-Country Empirics Explain the Single Country Growth of Syria During 1965-2004?

WPS0802 :ISSN

الناشر : Arab Planning Institute - Kuwait

المؤلف (المؤلفين): Rabie Nasser 

التاريخ: 2008

المحتويات :

The goal of this paper is to examine, whether the results of new growth cross-country empirics (Barro-type model) matching the results of growth accounting exercise in individual country, SYRIA in this case, during the period 1965-2004. To deal with this matter three main steps have been followed: Firstly, using cross-country growth empirics to find out the determinants of the economic growth in the developing countries. Secondly, the individual country growth accounting has been used to examine the sources of growth in Syria. Lastly, testing the extent to what, the results of cross-country model match the individual country analysis of Syria. The main results of this paper are: • The main determinants of growth in the developing countries are domestic investment, initial income, initial human capital, quality of institutions, government consumption, inflation, openness, and political instability, respectively. • The main sources of growth in Syria are physical and human capital accumulation and labor growth, whereas the contribution of the total factor productivity is too low. • Some results from the cross-country empirics are helpful in explaining the growth in Syria like domestic investment; however, some other factors seem not to have the expected role, For instance, the relative high growth rate in Syria has associated with poor institutions, large size of government, and closed economy, which considered as main determinants of growth rate according to cross-country Empirics. Therefore, the cross-country growth empirics could contradict, to a certain extent, with the results of country specific growth accounting (in Syria case).