IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxivy2021ispecial2-part1p634-644.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://ersj.eu/journal/2518/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ers:journl:v:xxiv:y:2021:i:special3:p:634-644 is not listed on IDEAS
    2. Tyce, Matthew, 2020. "Beyond the neoliberal-statist divide on the drivers of innovation: A political settlements reading of Kenya’s M-Pesa success story," World Development, Elsevier, vol. 125(C).
    3. Gary Gereffi, 2020. "What does the COVID-19 pandemic teach us about global value chains? The case of medical supplies," Journal of International Business Policy, Palgrave Macmillan, vol. 3(3), pages 287-301, September.
    4. Rajiv Kumar, 2023. "Taking the developmental state seriously: Why South Korea outperformed neoliberal regulatory states in rapid coronavirus disease 2019 vaccinations and saving lives," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 26(4), pages 319-340, December.
    5. Fu-Hsuan Chen & Hao-Ren Liu, 2021. "Evaluation of Sustainable Development in Six Transformation Fields of the Central Taiwan Science Park," Sustainability, MDPI, vol. 13(8), pages 1-14, April.
    6. Helena Gräf, 2024. "A Regulatory‐Developmental Turn Within EU Industrial Policy? The Case of the Battery IPCEIs," Politics and Governance, Cogitatio Press, vol. 12.
    7. Ioanna Kastelli & Lukasz Mamica & Keun Lee, 2023. "New perspectives and issues in industrial policy for sustainable development: from developmental and entrepreneurial to environmental state," Review of Evolutionary Political Economy, Springer, vol. 4(1), pages 1-25, April.
    8. Daniela Gabor, 2021. "The Wall Street Consensus," Development and Change, International Institute of Social Studies, vol. 52(3), pages 429-459, May.
    9. Bryan Cheang, 2024. "What Can Industrial Policy Do? Evidence from Singapore," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 37(1), pages 1-34, March.
    10. Münch, Florian Anselm & Scheifele, Fabian, 2023. "Nurturing national champions? Local content in solar auctions and firm innovation," Energy Policy, Elsevier, vol. 179(C).
    11. Reda Cherif & Fuad Hasanov, 2019. "The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy," IMF Working Papers 2019/074, International Monetary Fund.
    12. John Weiss & Adnan Seric, 2021. "Industrial policy: Clarifying options through taxonomy and decision trees," Development Policy Review, Overseas Development Institute, vol. 39(5), pages 773-788, September.
    13. Jakub Szabó, 2022. "Political Economy of Illiberal Capitalism in Hungary and Poland," Politická ekonomie, Prague University of Economics and Business, vol. 2022(5), pages 617-637.
    14. Stöllinger, Roman & Leitner, Sandra M. & Zavarska, Zuzana, 2023. "Functional specialisation and working conditions in Europe," Working Paper Forschungsförderung 284, Hans-Böckler-Stiftung, Düsseldorf.
    15. Calabrese, Linda & Cao, Yue, 2021. "Managing the Belt and Road: Agency and development in Cambodia and Myanmar," World Development, Elsevier, vol. 141(C).
    16. Gabor, Daniela & Braun, Benjamin, 2023. "Green macrofinancial regimes," SocArXiv 4pkv8, Center for Open Science.
    17. Cheang, Bryan & Lim, Hanniel, 2023. "Institutional diversity and state-led development: Singapore as a unique variety of capitalism," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 182-192.
    18. Sudipto Mundle, 2018. "Fifty years of Asian experience in the spread of education and healthcare," WIDER Working Paper Series 97, World Institute for Development Economic Research (UNU-WIDER).
    19. Klingler-Vidra, Robyn & Wade, Robert, 2020. "Science and technology policies and the middle-income trap: lessons from Vietnam," LSE Research Online Documents on Economics 100712, London School of Economics and Political Science, LSE Library.
    20. Roman Stöllinger, 2019. "Testing the Smile Curve: Functional Specialisation in GVCs and Value Creation," wiiw Working Papers 163, The Vienna Institute for International Economic Studies, wiiw.
    21. Andrés Madariaga, 2020. "Targeting Industrial Policy on Business Services: Rationales and Design for the Case of Chile," SPRU Working Paper Series 2020-06, SPRU - Science Policy Research Unit, University of Sussex Business School.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxiv:y:2021:i:special2-part1:p:634-644. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.