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Middle East Green Islands of Economic Growth: Egyptian, Turkish and Iranian Economies during the Covid-19 Pandemic

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  • Adam Rogoda

Abstract

Purpose: Despite the heavy toll of the Covid-19 pandemic, Egyptian, Iranian and Turkish economies experienced growth in 2020. The article aims to explain this incredible performance. Was it a sign of more profound strength and resilience of each economy or rather the effect of random factors, unlikely to be repeated? Design/Methodology/Approach: The article is based on qualitative and quantitative analysis of the primary (government and international organizations data) and secondary (literature, press reports) data. Descriptive and comparative methods highlight the economic situation before the pandemic shock, the spread of the virus, and government responses. Analytical and deductive methods are used to explain the positive growth indicators. Findings: The surprising resilience of the Egyptian, Iranian and Turkish economies during the pandemic is explained by a mixture of policy responses, structural characteristics of each economy, and pure coincidence. Practical Implications: The policy response was the most important in Turkey, while the other two factors played the leading role in Egypt and Iran. Originality/Value: Despite favorable growth rates, all three countries need to redefine the state's role in the economy and promote manufacturing and export-led growth through selective industrial and technology policies.

Suggested Citation

  • Adam Rogoda, 2021. "Middle East Green Islands of Economic Growth: Egyptian, Turkish and Iranian Economies during the Covid-19 Pandemic," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 634-644.
    • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:special2-part1:p:634-644
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    References listed on IDEAS

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    1. Dennis Dlugosch & Rauf Gönenç & Yusuf Kenan Bağır & Hüzeyfe Torun & Eun Jung Kim, 2021. "Unleashing the full potential of the Turkish business sector," OECD Economics Department Working Papers 1665, OECD Publishing.
    2. Robert H. Wade, 2018. "The Developmental State: Dead or Alive?," Development and Change, International Institute of Social Studies, vol. 49(2), pages 518-546, March.
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    More about this item

    Keywords

    Economic Growth; Covid-19; Egypt; Iran; Turkey.;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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