Causes of Growth of MENA and East European Countries: Comparative Analysis

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Author(s): Milenko Popovic (Mediterranean University, Montenegro)
Copyright: 2016
Pages: 58
Source title: Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region
Source Author(s)/Editor(s): M. Mustafa Erdoğdu (Marmara University, Turkey)and Bryan Christiansen (PryMarke, LLC, USA)
DOI: 10.4018/978-1-4666-9548-1.ch014

Keywords: Business & Management / Business Science Reference / Economics & Economic Theory / Economics and Economic Theory

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Abstract

This chapter provides comparative analysis of the proximate causes of growth of MENA and East European countries. The first section covers comparative sources of growth analysis for GDP. Apart from this conventional sources-of-growth analysis, both the demand and the industry side decomposition of the GDP growth rate is briefly given here too. In the demand side of the sources-of-growth analysis, special attention is devoted to the issue of the level of capital account liberalization and its influence on growth anatomy. Connected with this is the issue of industry / sectors side sources-of-growth analysis. The second section covers comparative source-of-growth analysis for GDP per capita as an approximation of growth of standard of living. The results of the above mentioned different sources-of-growth approaches present a good basis for further research of fundamental causes of growth of these countries.

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Causes of Growth of MENA and East European Countries: Comparative Analysis

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