Accounting for differences in standards of living between countries of the arab league : an augmented Solow model

Abstract

The article presents a study on the level differences in per capita income of low and middle income Arab countries through the use of the augmented Solow model of exogenous growth. It states that the model shows the association of output growth to the growth in capital and labor as well as technology improvements. The study explores potential patters of convergence among the countries during their growth process.