Egypt experienced an economic shift from a managed economic
strategy to one of market-oriented resource allocation starting in
the 1970s, and in 1987 signed a stabilization program agreement
with the International Monetary Fund. This is an overview of these
structural changes experienced by the Egyptian economy in the 70s
and 80s. The main tool to assess the effectiveness of the policies
and to evaluate growth prospects under different policy scenarios
is an integrated macroeconomic-energy demand-input/output model.
Four different policy scenarios are explored.
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