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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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J Comp Pol Anal 10(3):309–322 Cohen D, Soto M (2007) Growth and human capital: good data, good results. J Econ Growth 12 (1):51–76 de la Fuente A (2006) Human capital in growth regressions: How much difference does data quality make? J Eur Econ Assoc 4(1):1–36 DeLong JB, Summers L (1991) Equipment investment and economic growth. Q J Econ 106 (2):445–502 Demetriades P, Mamuneas T (2000) Intertemporal output and employment effects of public infrastructure capital: evidence from 12 OECD economies.

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.

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