Abstract
A copious literature on resource curse correlates oil rents with poor economic outcomes in resource-rich economies. The common yardstick for evaluating economic performance in these countries is generally GDP growth rates. This paper focuses on the broader question of whether the experience of oil-exporters in MENA region has been conductive to inclusive growth both over time and in a comparative context. To find out if these countries have been successful in turning their hydrocarbon wealth for the wider benefit of their population, we compute a novel Inclusive Growth Index and associated rankings for 153 countries. The results show a marked deterioration in the case of MENA's oil-exporting countries over the period 2001-2015 and 2006-2010 particularly marred by a poor record in job creation especially for their young population.
| Translated title of the contribution | From oil revenues to inclusive growth:Lessons learned from the MENA region |
|---|---|
| Original language | Spanish |
| Pages (from-to) | 125-148 |
| Number of pages | 24 |
| Journal | Awraq: Studies on the Contemporary Arab and Islamic World |
| Volume | 15 |
| Publication status | Published - 2018 |
| Externally published | Yes |