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Article
Publication date: 1 September 2007

Gretta Saab

The purpose of this paper is to attempt to highlight some issues in the development process of the economic and social commission for Western Asia (ESCWA) countries. The question…

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Abstract

Purpose

The purpose of this paper is to attempt to highlight some issues in the development process of the economic and social commission for Western Asia (ESCWA) countries. The question that may arise here is whether these countries can translate the different policies of trade as well as their potential and comparative advantage and their internal policies, into something more robust and helpful to promote growth and development.

Design/methodology/approach

The paper describes the role of foreign direct investment, gross capital formation, manufacturing and agriculture value added, and assesses their impact on the economy in the ESCWA countries.

Findings

If foreign direct investment and capital formation are essential components to growth and development, their role cannot be fully persistent if not purposeful. Also the economic structure of these developing economies show some reluctance to growth and development, a fact that promotes clarifying the process of shifting from primary to industrial sectors in order to promote growth and development.

Originality/value

Using a regression analysis of the factors that can promote growth, the findings of this study highlight the importance of liberalization and openness to outside countries in order to have faster growth, improve the productivity and the (GDP)/per capita in the different sectors of the economies of the ESCWA region.

Details

Competitiveness Review: An International Business Journal, vol. 17 no. 3
Type: Research Article
ISSN: 1059-5422

Keywords

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Article
Publication date: 3 August 2010

Gretta Saab and Maya Ayoub

This research paper aims to examine the Dutch disease syndrome in the more diversified economies of the Economic and Social Commission of Western Asia (ESCWA).

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Abstract

Purpose

This research paper aims to examine the Dutch disease syndrome in the more diversified economies of the Economic and Social Commission of Western Asia (ESCWA).

Design/methodology/approach

An econometric model was applied to observe the impact of this syndrome on the different sectors of the economy. A regression analysis examined the relationship between this inflow of capital and lagging sector of these economies. Similarly, Granger‐causality was applied to determine the direction of causality between the variables.

Findings

Results indicate that worker remittances, foreign grants, and oil revenues are the main factors behind the Dutch syndrome in the ESCWA region. Channeling remittances through investments, subsidizing output of lagging sectors, and imposing higher import tariffs are recommended to reduce the negative externalities of the Dutch disease.

Research limitations/implications

It is to be noted that the paper has some limitations since data/statistics for the ESCWA region may not be totally reliable.

Originality/value

The paper sheds some light on the impact of this syndrome in the developing economies of Western Asia.

Details

Competitiveness Review: An International Business Journal, vol. 20 no. 4
Type: Research Article
ISSN: 1059-5422

Keywords

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