Supporting Private Sector Development in the Middle East and North Africa

Anderson, Robert E.; Martínez, Albert

doi:10.1007/978-1-349-26137-6_7

Cited by 6 publications

(5 citation statements)

References 2 publications

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“…Although that privatization has been presented as the cornerstone of the reform program in Egypt, however, few years after the implementation of the ERSAP, the size of the State Owned Enterprises (SOEs) as a percentage of GDP in Egypt reached 30%, which was relatively high compared to the average of 11% for other developing economies (Anderson & Martinez, 1998). Besides, the savinginvestment gap ($13.6 Billion and $10.5 Billion in current US prices respectively), reached $3 Billion on average during the first half of the 1990s according to the World Bank database.…”

Section: Trends Of Fdi In Egyptmentioning

confidence: 99%

The Impact of FDI Inﬂows on Poverty Reduction: Empirical Evidence from Egypt

Elakkad¹,

Hussein²

2022

IJEF

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Foreign direct investment (FDI) is a major driver of international economic integration. With the right policy framework, FDI can provide financial stability, promote economic development and enhance the well-being of societies. It is generally considered by many international institutions, politicians and economists, as a factor promoting the economic growth of the recipient/ host country, as well as solving the economic problems of developing countries. This can be achieved through allowing the host country to; improve its competitive position; transfer technology and knowledge between economies; promote its products on a larger scale in international markets. In addition to all these benefits, FDI is considered as an important source of capital for the host country. In the light of this, this paper aims to determine the impact of FDI on poverty in Egypt during the period of 1961 to 2018 using Autoregressive distributive lag model (ARDL) Since there is no single variable that can capture poverty in Egypt, three variables have been used as proxy to poverty which are Household Consumption (POV1), Infant Mortality rate (POV2), and Life Expectancy at birth (POV3). After combining the results, some policy recommendations are proposed to enhance the impact of FDI on poverty reduction in Egypt which in turn affects economic growth.

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Section: Trends Of Fdi In Egyptmentioning

confidence: 99%

The Impact of FDI Inﬂows on Poverty Reduction: Empirical Evidence from Egypt

Elakkad¹,

Hussein²

2022

IJEF

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“…For example, Lahouel's (1998) study of Tunisia found that 68 percent of the firms said that rigidity of administrative procedures represented a "fairly or very serious obstacle to their business." In Egypt the introduction of new products or changes in production techniques were reported to require the submission of both establishment and operation licenses, which both require much time to obtain (Anderson and Martinez 1996). reported the results of a survey of businesspersons in Jordan in which 83 percent agreed that "bureaucratic impediments were very important obstacles to their business operations" and 68 percent agreed that "legislative and legal obstacles were very important."…”

Section: Chaptermentioning

confidence: 99%

“…At the same time, the average time needed for the minority of cases that were settled had increased from two years in the 1970s to over six years in the early 1990s. Anderson and Martinez (1996) report times to completion of the average commercial case to be two to two-and-a-half years in Jordan and Lebanon-again, countries with among the best judicial systems and judges in the region. These time delays are not atypical of other developing countries, but are growing rapidly.…”

Section: Chaptermentioning

confidence: 99%

Globalization and Firm Competitiveness in the Middle East and North Africa Region

Fawzy¹

2002

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The findings, interpretations, and conclusions expressed here are those of the author(s) and do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The World Bank cannot guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply on the part of the World Bank any judgment of the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is copyrighted. No part of this work may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or inclusion in any information storage and retrieval system, without the prior written permission of the World Bank. The World Bank encourages dissemination of its work and will normally grant permission promptly.

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“…This put the country in front of a liquidity crisis, and the massive foreign currency outflows led to a 30-percent nominal devaluation of the Egyptian pound in 2001. While the privatization process has been presented as the corner stone of the reform program, the size of State Owned Enterprises (SOEs) in GDP is about 30 percent, relatively high compared to an average of 11 percent for other developing economies (Anderson and Martinez 1998).…”

Section: Fdi In Egyptmentioning

confidence: 99%