Over the past two years, ongoing political transitions in many Arab countries have led to social unrest and an economic …

Since the onset of the Arab Spring, economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen (Arab …

. EMPIRICAL INVESTIGATION -- IV. CONCLUSION -- REFERENCES -- APPENDIX -- A. Egypt -- B. Jordan -- C. Morocco -- D. Pakistan -- E …. Tunisia. …

covering 1989–2004 for banks in Egypt, Jordan, Lebanon, Morocco, and Tunisia. The results provide clear support for a …

We revisit Lipset‘s law, which posits a positive and significant relationship between income and democracy. Using … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …

We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation … increase in oil rents significantly increases corruption, significantly deteriorates political rights while at the same time … redistribution and conflict. We support our argument documenting that there is a significant effect of oil rents on corruption in …

studying both own-country and cross-country linkages. In this paper, we add Indonesia to a previously estimated small quarterly …

This paper uses a variant of the IMF's Global Economy Model (GEM) to estimate the macroeconomic effects of Yemen's full … accession into the Gulf Cooperation Council (GCC). After calibrating the model to Yemen and the GCC countries, several … conclusions. First, further steps in regional integration would enhance competition and produce large economic benefits for both …

This paper provides an empirical assessment of the degree of competition in Hong Kong SAR using industry-level data … decade has also made it slightly less competitive on average. Imperfect competition is not leading to counter …

Africa (MENA) CBs play an active role in view of their size that is very large with respect to their economies compared to … CBs in advanced economies. Second, under exchange rate targeting, most MENA CB balance sheets are asset-driven, holding …