Egypt - Development Policy Review

World Bank

Washington, DC

关键词: ACCESS TO BANKS;    ACCESS TO INFORMATION;    ACCOUNTING;    ADVERSE EFFECTS;    AGRICULTURAL OUTPUT;   

RP-ID  :  69663

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This development policy review findsample evidence that Egypt has prospered as a consequence ofgiving the economy a greater market orientation.Whilefavorable global conditions have helped, the structuralchanges over the last two decades have been an essentialingredient for Egypt's success. Productivity has risenmore in segments of the economy where the private sector sshare in investment and output grew most.Empiricalestimates done for this report suggest that each dollar ofprivate investment contributed four times more to outputthan a dollar of public investment, reflecting in part thepoor choice and maintenance of public investment.Consequently, further increases in output, incomes andproductivity may be expected from the recently rising shareof private investment in the total.Public sectorproductivity has also increased in recent years, reflectingin part the increased importance of state owned firms inpetroleum and natural gas.Egypt's economic growth isalso now more closely correlated with that of theOrganization for Economic Co-operation and Developmentcountries magnified by a factor of 1.25, and volatility hasdeclined.This results from many links, not just the directeffect of oil and gas.