Tags

The Productivity and Growth Assessment Framework (PGAF) is an analytical tool that provides a comprehensive assessment of the contributions of Total Factor Productivity (TFP) and the other production factors, capital and labor, to economic growth across 183 countries from 1990 to 2023. Moreover, PGAF introduces an insightful and informative description of the countries’ economic characteristics using various macroeconomic indicators.

This paper aims to examine some policy options related to the trilemma using data for 17 Arab countries over the period 1970 to 2021. It employs the panel least square method to figure out the impact of policy options on GDP growth as a dependent variable along with other explanatory variables. Interestingly, the paper finds that one of the three policy trilemma options has a propensity to be effective.