Doctor Ece Güleryüz of İstanbul 29 Mayıs University Economics Department has given a talk as part of our Economics seminar series. Doctor Güleryüz’s talk has been built on the part of the growth theory where researchers try and elicit the determinants of the varying growth levels among countries. In her work, Doctor Güleryüz starts with a revised definition of growth rates which incorporates inclusive growth which is concerned with taking into account differences of income distribution among different groups in the society. Then, using the data from the Middle East and North African countries, Doctor Güleryüz identifies the determinants of the performance of these economies with respect to this new measure. We would like to thank Doctor Güleryüz for this important session Below, you can find the abstract of her paper.
Abstract: We investigate the macroeconomic fundamentals and structural factors which affect inclusive growth in 16 MENA countries before and after the Global Financial Crisis. We use a panel data fixed effects model in two time periods: 1996-2007 and 2008-2016. A measure of inclusive growth is defined by integrating economic growth and income inequality. In this way, we account for the relative impacts of GDP per capita growth rate and change in Gini coefficient. A wide range of factors such as environmental degradation, macroeconomic stability, fiscal discipline, globalization, human capital, life expectancy, and technological development appear to significantly affect inclusive growth performance in the MENA region. During and after the Global Financial Crisis, voice and accountability seems to be an important institutional quality component influencing the inclusiveness of economic growth.