Pissarides, Christopher. 2000. "Labor Markets and Economic Growth in the MENA region," paper prepared for the Global Research Project.  Home/Search   Document Details and Download   Summary   Related Articles

....development which was dominated by the public sector. Public sector employment was both large and well paid. In the early 1990s, the central government wage bill amounted to almost 10 percent of GDP in the region compared with less than 5 percent in every other region except Africa (6. 7 percent) (Pissarides, 2000). Investment in the public sector was rarely subject to a market test and the quality of investment was very weak. Furthermore, policies were adopted to protect and nurture the growing public sector to the detriment of private investment and entrepreneurship. Consequently, net private transfers in ....

Pissarides, Christopher. 2000. "Labor Markets and Economic Growth in the MENA region," paper prepared for the Global Research Project.

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