Similarity of Development Patterns in Egypt and Turkey - Economic Research Forum (ERF)

Similarity of Development Patterns in Egypt and Turkey

Tarek Moursi

August, 1994


Economic Research Forum (ERF)


This study underscores similarity of development patterns and reform policies in Egypt and Turkey. A one-period CGE model for Egypt is used to simulate the effects of an increase in public investment stimulated with and without flexible exchange rate and with fiscal restraint. Structuralist features are introduced to reflect various realities of the Egyptian economic environment including unemployment, non-competitive pricing and rent-seeking activities. The simulation results for Egypt are compared with analogous results for Turkey (Cakmak and Yeldan 1991). In general, the effects of a rise of public investment spending on growth, production, employment and income distribution in both countries are all quite similar. This should encourage joint research to guide development and reform programs, to allow the two countries to learn from experiences of each other. Three important themes are suggested for future joint research: unemployment, macroeconomics and fiscal adjustments and export promotion policy.

Arabic Abstract:

تبرز هذه الدراسة التشابه بين مصر وتركيا من حيث النمط التنموى وسياسات الاصلاح الاقتصادى. وقد استخدم فى هذه الدراسة نموذج CGE لفترة واحدة لمصر لمحاكاة تأثير الزيادة فى الانفاق العام مع سعر صرف حر وبدونه ومع انكماش مالى. وقد ادخل فى النموذج بعض فروض الهيك
Research Fellows

Tarek Moursi

Professor, Department of Economics, Faculty of Economics and Political Science, Cairo University



There are no Events PAST

Related Publications

Working Papers

Structural Adjustment and Employment in the Middle East and North Africa

Massoud Karshenas

Abstract Since the 1980s, the majority of countries in the MENA region facing severe exchange shortages ... read more

Working Papers

Planning and Macroeconomic Stabilization in Iran

Mohammad Hashem Pesaran

Abstract This paper presents an account of the main economic developments in the Iranian economy over ... read more

Working Papers

Ajustement Economique et Liberalisation Politique

Driss Ben Ali

Abstract In recent years bilateral and multilateral financial agencies have continuously maintained that the existence of ... read more