The Egyptian Economy: A Modeling Approach

by Mahmoud A. Elkhafif

Overview

Egypt experienced an economic shift from a managed economic strategy to one of market-oriented resource allocation starting in the 1970s, and in 1987 signed a stabilization program agreement with the International Monetary Fund. This is an overview of these structural changes experienced by the Egyptian economy in the 70s and 80s. The main tool to assess the effectiveness of the policies and to evaluate growth prospects under different policy scenarios is an integrated macroeconomic-energy demand-input/output model. Four different policy scenarios are explored.

Product Details

ISBN-13:	9780275955564
Publisher:	Bloomsbury Academic
Publication date:	08/16/1996
Series:	Contributions in American History
Pages:	208
Product dimensions:	6.14(w) x 9.21(h) x 0.50(d)
Lexile:	1420L (what's this?)

About the Author

MAHMOUD A. T. ELKHAFIF is a Senior Economist in the Research Department of the Central Bank of Kuwait. He was an Economic Advisor with the Ontario Ministry on Environment and Energy, and Economist (Project Leader) with Ontario Hydro. Dr. Elkhafif has research interests in economic and econometric modeling, forecasting, and developmental economics.

Table of Contents

Tables and Figures
Acknowledgments
Introduction
Structural Changes in the Egyptian Economy
Model of the Egyptian Economy: Conceptual Framework and Estimation
In-Sample Simulation Experiments
Forecasting Scenarios
Summary and Suggestions for Further Development
Data Appendix
Bibliography
Index

Editorial Reviews

An economic study evaluating the structures of the Egyptian economy and projecting growth paths by modifying analytical techniques to construct alternative macroeconomic policies. Elkhafif (senior economist, Central Bank of Kuwait) proposes an integrated macroeconometric framework using an energy demand and input-output model with data from 1970 to 1991. The result of such a model enables economists to quantify the implications of various policy packages and scenarios such as those recommended by the IMP and World Bank at the macro and sectoral level. Includes numerous tables and equation proofs. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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