Angresano Criteria as One of the Evaluation Possibilities of the Economic Level: Case of the North Africa Countries
Author(s): Ingrid Majerova
Abstract: North Africa is a very interesting region, not only from a historical or political point of view, but also in terms of economics. There are seven economies in this area: Algeria, Egypt, Libya, Morocco, Sudan, South Sudan and Tunisia. These countries are linked not only by a common religion (with the exception of South Sudan), and common history as well, the question is if the common link is economic level as well. This article deals with the comparison of the economic level of the six North African countries on the basis of macroeconomic indicators set by James Angresano, in the years 2007 to 2011. Given the scale of Angresano criteria, only some of states in this region were selected; South Sudan was excluded from the comparison, since it was only founded in 2011. The aim of the article is based on above criteria by comparison to determine whether the economic level of the economies is fundamentally different or not. Hypothesis about the level of economic diversity was formulated, which was confirmed on the basis of the examined criteria. In addition to the comparative method, the article also used the methods of description and analysis.
Keywords: Angresano criteria, economic level, economic growth, economic stability, income distribution, trade balance, quality of life
Pages: 582-591WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 11, 2014, Art. #54