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On Ideas And Economic Policy: A Survey Of Mena Economists

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  • Rana Hendy

    (American University in Cairo, School of Global Affairs and Public Policy, Department of Public Policy)

  • Mahmoud Mohieldin

    (The World Bank Group, 2030 Development Agenda, UN Relations and Partnership, Washington)

  • Joelle El Sawalhi
  • Rebecca Spriggs

Abstract

This paper examines how economic ideas have been shaped throughout history and the influence of these on the formulation of economic policy. We collect both quantitative and qualitative data from economists who are originally from the Middle East and North Africa region or working on the region. We find that economists and their ideas are more likely to be influenced by multiple schools of thought than adhere to one school. This multiplicity spills over into the type of solutions proposed to economic problems and thus policy implications. One of the main recommendations of this study is that there is a need for the development of economics and economists to recognize the impact of political and social issues that are not easy to grasp through modeling. This recommendation aligns with appreciation of the power of ideas rather than the influence of one school of economic thought.

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  • Rana Hendy & Mahmoud Mohieldin & Joelle El Sawalhi & Rebecca Spriggs, 2019. "On Ideas And Economic Policy: A Survey Of Mena Economists," Working Papers 1346, Economic Research Forum, revised 20 Sep 2019.
    • Handle: RePEc:erg:wpaper:1346
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