By Rym Ayadi, Marek Dabrowski, Luc De Wulf
This publication incorporates a distinct selection of reviews on key monetary and social coverage demanding situations confronted by means of nations of the Southern and jap Mediterranean quarter in a quick- and long term viewpoint. ready in the european funded FP7 undertaking on „Prospective research for the Mediterranean zone (MEDPRO)” performed in 2010-2013 it takes account on contemporary political advancements within the zone (Arab Spring) and their power results. It covers a wide spectrum of subject matters similar to components of financial development, macroeconomic and financial balance, alternate and funding, Euro-Mediterranean and intra-regional fiscal integration, deepest region improvement and privatizations, infrastructure, tourism, agriculture, monetary quarter improvement, poverty and inequality, schooling, exertions marketplace and gender issues.
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Additional resources for Economic and Social Development of the Southern and Eastern Mediterranean Countries
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1996). 7 Institutions Institutions play a role determining development outcomes (see North 1990). In the long run, the main factor encouraging the convergence of living standards is the adoption of high-quality institutions. These ensure the protection of property rights (promoting private sector development and investment), the rule of law (enforcing contracts and enabling markets to operate), law-and-order and political stability (minimizing disruptions to economic activity), and control of corruption (minimizing rent-seeking and other unproductive activities).
The equation is estimated for each country i. 8 This specification is used both in the theoretical and the empirical literature based on the new trade theory (Helpman and Krugman 1985). Subscript k denotes the product decomposition level (digit 2). Bilateral trade costs are considered using three variables. The first corresponds to bilateral tariffs (TARj). This variable will be used as a proxy for the shallow integration which has been initiated in the Barcelona Process and its related AA. As in Sect.