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The Lebanese Economic Growth With Special Reference To Financial Services And Tourism Sectors
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Book Synopsis The Lebanese Economic Growth with Special Reference to Financial Services and Tourism Sectors by : Adnan Ghaleb Halawi
Download or read book The Lebanese Economic Growth with Special Reference to Financial Services and Tourism Sectors written by Adnan Ghaleb Halawi and published by . This book was released on 2004 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth in Lebanon went through three stages in the last four decades: a stage of economic growth in the pre- war period between 1960 and 1974, a stage of economic slowdown followed by destruction in the war period between 197 5 and 1990, and a stage of economic reconstruction in the post- war period between 1991 and 2003. The objective of this project is to introduce the reader into the macroeconomic factors contributing to the growth of the economy in each period w ith a special reference to the role of Tourism and Financial Services Sectors in the g rowth of the economy in the past, present and future. The project begins with a general description of the economic and political scene in Lebanon over the last four de cades. Then in Chapter two, macroeconomic indicators, fiscal and monetary developments over the three stages are discussed in details. Chapter three provides an analys is of the major macroeconomic factors that contributed to the growth of the economy in the three periods. The fourth Chapter deals with the development of the Tourism and Financ ial Services sectors in Lebanon over the last four decades and highlights the role t hese sectors played in economic growth in the past and the role they are expected to play in the future.
Book Synopsis The Effects and Consequences of Migration and Immigration on the Lebanese Economy and Tourism Sector by : Mohammad Makki
Download or read book The Effects and Consequences of Migration and Immigration on the Lebanese Economy and Tourism Sector written by Mohammad Makki and published by Cambridge Scholars Publishing. This book was released on 2018-07-27 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book tackles several important and timely topics with regards to Lebanon, especially after the Syrian conflict. The contributions here analyse the situation of the internal and external Lebanese economy and tourism, and shed light on the causes and effects of migration and immigration. The articles provide detailed insight into private and public policies, and offer a holistic analysis that enables the reader to benefit from their suggested recommendations. The book can be used as a reference book for scholars and practitioners in the public and private sectors interested in Middle Eastern politics, economics forecasting, marketing and tourism studies. The articles were originally presented and discussed at the Second Local Economics and Tourism Conference held in May 2017 at the Lebanese International University.
Book Synopsis Impact of Financial Sector Development on Economic Growth in Lebanon by : Dima Adel Arakji
Download or read book Impact of Financial Sector Development on Economic Growth in Lebanon written by Dima Adel Arakji and published by . This book was released on 2005 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this present research is to explore the relationship between fina ncial sector development and economic growth. Since financial development is a m ultifaceted concept, the question of whether the development of financial market s leads to economic growth or whether it is more of a consequence of a growing eco nomy is addressed. Moreover, this project examines this central relationship in the context of one economy, that of Lebanon. The project utilizes secondary theoretical and emp irical literature to draw general conclusions on the existing state of thought o n the emphasis of the role of financial development in generating sustained growth. The trend in the literatur e is that the development of financial markets and institutions and a financial system that does a good job of delivering essential services, is a critical part of the growth process and not just a passive response to economic development. Furthermore, Lebanon is specifically examined in terms of its financial structur e, level of financial sector development and economic performance. Primary resea rch is carried out empirically through regression analysis of the effect financi al development plays on the economic development of Lebanon. The results show that in the Lebanese context, financial sector develop ment does in fact have an impact on economic growth. The indicators of financial sector development used in the tests collectively impacted the observed changes in econ omic growth. However, not all of the financial development indicators used were significant, which does not completely conform to the results of the majority of cross- country studies carried out in the literature. Thus, the findings of this paper can be r egarded as being a preliminary step to further investigations. Lastly, the study proposes areas for further research and policy recommendations that the Lebanes e government and key financial sector players should consider in order for the full effects of financial development measures to take form.
Book Synopsis Exploring Lebanon's Growth Prospects by : Charbel Nahas
Download or read book Exploring Lebanon's Growth Prospects written by Charbel Nahas and published by World Bank Publications. This book was released on 2007 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper attempts to identify Lebanon's greatest constraints to economic growth, following a growth diagnosis approach. It concludes that fiscal imbalances and barriers to entry are most binding on long-term growth. Macroeconomic imbalances and related perceived risks affect the nature of investment decisions in Lebanon, in favor of liquid instruments rather than longer-term productive investments. Further, many barriers to entry discourage agents from investing in a number of markets: legal impediments to competition, corruption, and a set of fiscal incentives favoring the allocation of resources to non-tradable sectors, where potential demand and investment opportunities are scarcer. In turn, using a steady-state computable general equilibrium model, the paper assesses the long-term growth impact of a selected set of policy reforms envisaged to lift such constraints. Results suggest that 1 to 2 percentage points of additional GDP growth per year could be gained through public expenditure reform, greater domestic competition, and tax harmonization.
Book Synopsis The role of the banking sector in the economic process of Lebanon before and after the civil war by : Marco Rettig
Download or read book The role of the banking sector in the economic process of Lebanon before and after the civil war written by Marco Rettig and published by GRIN Verlag. This book was released on 2007-10-27 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examination Thesis from the year 2004 in the subject Business economics - Economic and Social History, grade: 70% / Distinction, School of Oriental and African Studies, University of London (School of Oriental and African Studies (SOAS)/ Economics Department), course: Abschlussarbeit zur Erlangung eines MSc Development Economics, language: English, abstract: This dissertation assesses the role of the banking sector in the Lebanese economy throughout the country’s history with respect to its linkages with the real sector. I thereby focus on the credit market. It is shown that various external and internal factors have led to a credit market development on the supply-side that is not conducive to real sector growth. In particular, the period before the Lebanese civil war is characterised by funds flowing in from other Arab countries, which were not channelled into domestic long term investment but accrued to the trade and services sector or went abroad. Throughout the war and afterwards the share of the private sector in total credit declined substantially as the government crowded out private demand. It is concluded that only a shift of policy with a clear focus on the real sector’s needs can bring about the required economic development.
Book Synopsis Role of Monetary Policy and Banking Sector in Promoting Economic Growth with Reference to Lebanon by : Razi Talal Khaddage
Download or read book Role of Monetary Policy and Banking Sector in Promoting Economic Growth with Reference to Lebanon written by Razi Talal Khaddage and published by . This book was released on 2008 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary policy has a decisive role in promoting growth in an economy. It is use d to influence the availability and cost of money and credit, and as a mean to p romote not only economic growth, but price stability as well. Tools of monetary policy include open market operations, the discount rate and reserve requirement s. On the other hand, commercial banks can also play a crucial role in growth and d evelopment of the economy. In Lebanon banks constitute a large part of the finan cial system. Banks finance the private sector through loans, and government by i nvesting in Lebanese Treasury Bills. The main idea of the project is to show the importance of monetary policy and ba nking sector in economic development in general, and with reference to Lebanon. Chapter I is an introductory note. Chapter II outlines the conduct of monetary p olicy and its instruments, tools and targets. Chapter III highlights the role of the banking system, by identifying its major trends and directions. Chapter IV discusses the implications of both, banking system and monetary policy, on econo mic growth. Finally Chapter V concludes with policy implications.
Book Synopsis Size and Growth of the Lebanese Economy by : Nadim G. Khalaf
Download or read book Size and Growth of the Lebanese Economy written by Nadim G. Khalaf and published by . This book was released on 1971 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Correlation and Causation Between Tourism Development and Economic Growth in Lebanon by : Nisrine I. Samara
Download or read book Correlation and Causation Between Tourism Development and Economic Growth in Lebanon written by Nisrine I. Samara and published by . This book was released on 2014 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this thesis is to study the direction of the causality between tourism development and economic growth in Lebanon, and to investigate the existence of a long-run relationship between the two variables. In order to reach our objectives, we estimate a Vector Auto Regression model and apply the Granger causality test. Our findings suggest a unidirectional causality running from economic growth to tourism development thus support the Growth Led Tourism hypothesis. They also identify a positive relationship in the short-run between tourism development and economic growth, and the impulse response fonction reveal a positive relation between them, marked by the positive reaction of either variable in response to a positive shock in the other. Those findings support the necessity to formulate policies aiming to enhance the tourism sector in Lebanon, as well as programs of action towards economic development. Limitations to this research included the unavailability of data which ruled out the initial choice of variables. The value of this study lies in the originality of its application in Lebanon. Moreover, its results further assert the need to develop the tourism sector and promote the expansion of the economy in Lebanon.
Book Synopsis OECD Tourism Trends and Policies 2020 by : OECD
Download or read book OECD Tourism Trends and Policies 2020 written by OECD and published by OECD Publishing. This book was released on 2020-03-04 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2020 edition analyses tourism performance and policy trends across 51 OECD countries and partner economies. It highlights the need for coherent and comprehensive approaches to tourism policy making, and the significance of the tourism economy, with data covering domestic, inbound and outbound tourism, enterprises and employment, and internal tourism consumption.
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :International Monetary Fund ISBN 13 :1513517074 Total Pages :10 pages Book Rating :4.5/5 (135 download)
Book Synopsis Lebanon by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book Lebanon written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2019-10-17 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper studies the inefficiencies related to the electricity sector and assesses the potential impact of the 2019 reform plan. Electricity shortages are the second constraint to competitiveness reported by businesses in Lebanon, based on the Enterprise Survey conducted by the World Bank. Lebanon’s electricity sector performance is worse than other similar countries in the region. Many businesses must rely on costly private generators. Income inequalities are exacerbated by both the geographical disparities in Electricité du Liban’s (EdL) electricity provision and its tariff structure. The most vulnerable households are the small consumers located in regions with little electricity provision from EdL. A new electricity plan was approved by Cabinet on April 9, 2019 and ratified by Parliament on April 17, 2019. Although it is critical that the plan is decisively implemented, it is also important that it is enhanced further to fully restore EdL’s viability. Introducing well-targeted measures, such as cash transfers, would help protect the most vulnerable households from the tariff increase. As planned in the reform package, consumer tariffs should be indexed on the evolution of input prices to guarantee that it will not be negatively impacted by future developments in fuel or gas prices.
Book Synopsis Lebanon and the Financial Crisis of 2007 by : Talar Boghos Yacoubian
Download or read book Lebanon and the Financial Crisis of 2007 written by Talar Boghos Yacoubian and published by . This book was released on 2010 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: The following paper is a country specific research of the ability of the small open developing economy - Lebanon, to weather the financial crisis that emerged in the global developed capitalized economies towards the end of 2007. After the introduction and a literature review related to peculiar features of the Lebanese economy, the paper presents the global financial crisis that emerged in financial markets and later passed on to the real side of almost all economies. A brief introduction to Arab economies later follows in the same chapter. The major issue of the paper was trying to track the path followed by the Lebanese economy. A thorough examination of almost all sectors of the Lebanese economy shows that Lebanon has been ranked among the few countries that not only have not been affected by the latest crisis, but also have upgraded their performance in almost all sectors of their economies. Some of the reasons underlying this fact are the conservative approach adopted by the Lebanese government and the banking sector trying to protect the Lebanese economy amidst the unstable political atmosphere of the country, together with a sound financial sector, and a supportive investor base. Nonetheless, Lebanon seems to have domestic situations that may be more destructive to its economy from the global crisis. The paper investigates some of the threatening characteristics of the Lebanese economy, namely the surging public debt, the vulnerable geopolitical atmosphere together with a lack of productive factors underlying economic growth. The final section presents some policy implications together with conclusive statements.
Book Synopsis Financial Policy and Economic Growth by : Samir A. Makdisi
Download or read book Financial Policy and Economic Growth written by Samir A. Makdisi and published by . This book was released on 1979-01-01 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :International Monetary Fund ISBN 13 :1513517058 Total Pages :62 pages Book Rating :4.5/5 (135 download)
Book Synopsis Lebanon by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book Lebanon written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2019-10-17 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with Lebanon highlights that Lebanon’s economic position continues to be very difficult, with very low growth, high public debt and large twin deficits. While financial stability has been maintained, deposit inflows, critical to finance the budget and external deficits, slowed down during the past year, reducing the authorities’ room for manoeuvre. The new government has taken some important policy steps to start the needed policy adjustment, which could help raise confidence among investors and donors. The highest priority is the implementation of a sustainable fiscal adjustment that will bend down the path of the public debt-to-gross domestic product ratio through a combination of revenue and expenditure measures. This needs to be complemented by structural reforms and concessionally financed investment to raise Lebanon’s growth potential and help external adjustment, as well as policies to build further buffers in Lebanon’s financial sector. Structural reforms should prioritize reforming the electricity sector, removing impediments to and lowering the cost of doing business, as well as improving governance and reducing corruption.
Download or read book Atlas of Lebanon written by Eric Verdeil and published by Presses de l’Ifpo. This book was released on 2019-10-03 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: After fifteen years of reconstruction in a relatively peaceful environment spanning the years 1990 to 2004, Lebanon has experienced successive violent political events resulting from complex entangled internal and external struggles. The Syrian crisis and its political, economic and demographic consequences on Lebanon have increased these tensions. This atlas sheds light on these new challenges and adds new data that complete the analyses already published in the Atlas du Liban. Territoires et société (Atlas of Lebanon. Territories and Society) released in 2007 by the same research team. Some of its components are included in this edition. Beyond the international regional crisis and the population movements, it takes into account Lebanon’s socio-economic dimensions, the environmental issues linked to uncontrolled urbanization and to natural risks, as well as conflicts due to local territorial management. This atlas is the result of a collaborative endeavor between French and Lebanese researchers. It uses a geographical approach that puts in the foreground a spatial analysis of social and natural phenomena. Public sources are scarce in Lebanon, especially at the local scale. They are sometimes less reliable and difficult to access. It is particularly the case for the Lebanese census data, conversely data are abundantly available on the refugees population, which is less known than the population of refugees. International data help compare Lebanon to its neighbors. Thematic data produced by some ministries are helpful to provide a detailed view regarding specific domains. Analyses processed on aerial and satellite images have produced essential data on urbanization and environment. Local thematic fieldwork surveys have provided additional data. The book consists of seven chapters. The first one deals with the territorial state-building seen in the light of regional geopolitics, and emphasizes internal violence and the reemergence of militias and armed groups that fight each other and the state army. Lebanon is once again perceived as a territory divided between multiple allegiances. The second chapter is devoted to the analysis of population dynamics, despite the lack of reliable data whose sources are subject to discussion. It includes analyses of internal population flows, the Lebanese diaspora, and the assessment of Syrian refugees’ influx. The third chapter shows the fragility of the Lebanese economic model. Its dependency on foreign investments and on...
Book Synopsis Exploring Lebanon's Growth Prospects by : Jean-Claude Berthelemy
Download or read book Exploring Lebanon's Growth Prospects written by Jean-Claude Berthelemy and published by . This book was released on 2016 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper attempts to identify Lebanon's greatest constraints to economic growth, following a growth diagnosis approach. It concludes that fiscal imbalances and barriers to entry are most binding on long-term growth. Macroeconomic imbalances and related perceived risks affect the nature of investment decisions in Lebanon, in favor of liquid instruments rather than longer-term productive investments. Further, many barriers to entry discourage agents from investing in a number of markets: legal impediments to competition, corruption, and a set of fiscal incentives favoring the allocation of resources to non-tradable sectors, where potential demand and investment opportunities are scarcer. In turn, using a steady-state computable general equilibrium model, the paper assesses the long-term growth impact of a selected set of policy reforms envisaged to lift such constraints. Results suggest that 1 to 2 percentage points of additional GDP growth per year could be gained through public expenditure reform, greater domestic competition, and tax harmonization.
Book Synopsis Financial Development and Economic Growth in the MENA Region by : Sarah Salman Boudiab
Download or read book Financial Development and Economic Growth in the MENA Region written by Sarah Salman Boudiab and published by . This book was released on 2005 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: The research has two objectives. The first is theoretical portraying the progres s of studies in literature linking financial development to economic growth, the d ifferent channels, empirical methods used, financial crises and other emerging issues. Th e second is empirical producing a detailed mapping of trends in financial flows in the MENA region in addition to a comparison with other areas and countries of the wo rld. The research also includes a case study on SMEs in Lebanon, their importance, an d their financing difficulties. Our analysis provides partial evidence that the MENA region experienced increases in the financial flows since 9/ 11 and that some of these flows have r esulted in higher levels of liquidity and higher levels of private sector investments. This result was expected after the literature review on the subject. In the Lebanese case, when we studied the missing link between finance and growth, we concluded that problems faced by SMEs spring from the effect of the Lebanese debt situation and the particular ities of financial intermediation.
Book Synopsis The Role of Monetary Policy and the Banking Sector in Economic Development with Reference to Lebanon by : Abdallah Adnan Jibai
Download or read book The Role of Monetary Policy and the Banking Sector in Economic Development with Reference to Lebanon written by Abdallah Adnan Jibai and published by . This book was released on 2004 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary policy has become the central tool of macroeconomic stabilization, and in more and more countries monetary policy is in the hands of an independent central bank which through its various instruments, targets, and goals along wit h the vital interaction of the commercial banking sector are playing a central role in the economic development and growth of the state. Fundamentally, the goals of monetary policy in developing countries do not differ greatly from those in developed ones, in spite of differences in both eco nomic and social structure. But there is likely to be a substantial difference in emphasis on these objectives, namely the promotion of economic growth in the developing countries and the avoidance of inflation in the developed ones. Central banks along with commercial banks in developing countries have the added responsibility of the development of the financial structure by assisting in the creation of institutions specifically designed to encourage the mobilization of savings and to provide development finance. Theref ore, the evaluation of the financial banking system in an economy must be viewed in terms of the extent of its contribution t o capital formation and economic growth.
