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Öğe Identifying structural breaks and growth regimes in middle eastern economies(2020) Öztürk, İlhan; Masood, Tariq; Malik, Mushtaq AhmadThis study is an attempt to empirically determine structural breaks ineconomic growth of selected Middle Eastern countries. We combined the sta-tistical approach with a subjective approach to identify break points in thegrowth process during the period 1970–2016. Thereby, we try to classify breaksinto up-breaks and down-breaks resulting into different regimes ranging fromstagnation to strong growth. In a sample of 17 countries examined, 15 countriesexhibited significant breaks in trend function of growth process as per the fitand filter approach. We found total 41 plausible breaks – 19 up breaks and22 down breaks. Moreover, the spatial distribution of breaks shows that over68% of the breaks are reported from oil-rich countries while as 31% from non-oil. The paper highlights the key point that growth performance of the MiddleEastern countries is very volatile and gambles in the alternating cycles ofcollapse, stagnation, moderate, rapid and strong growth
