Purpose: Given the persistence of low oil prices and the continued shrinking of government revenues, Gulf Cooperation Council (GCC) countries continue to adapt to the new normal of the oil price environment, with a focus on pressing ahead with subsidies’ reforms and measures to increase...

Purpose – The paper aims to examine the effects of exchange rate fluctuations on real output, the price level, and the real value of components of aggregate demand in Egypt and Turkey. Design/methodology/approach – Building on a theoretical model that decomposes movements in the exchange...

Purpose – The purpose of this paper is to establish a model to study the determinants of financial flows, portfolio and foreign direct investment (FDI) flows, and the impact of these determinants on economic variables in samples of developing and advanced countries. The analysis then turns to...

Purpose – The purpose of this paper is to analyze determinants of institutional quality based on six separate indicators of governance: voice and accountability, political stability, government effectiveness, regulatory quality, rule of law, and control of corruption....

Purpose – The paper aims to examine asymmetry in the cyclical behavior of private consumption in a sample of nine developing countries in the Middle East. Design/methodology/approach – The empirical model includes three policy variables: government spending, the money supply, and the...

Purpose – The purpose of this paper is to study the role of public and private imbalances in the cyclicality of the current account balance in a sample of advanced and developing countries. Within developing countries, the evidence does not establish the dependency of private investment on...

Purpose – The paper aims to examine asymmetry in the cyclical behavior of private consumption in a sample of nine developing countries in the Middle East. Design/methodology/approach – The empirical model includes three policy variables: government spending, the money supply, and the...

Purpose – The paper aims to examine the effects of exchange rate fluctuations on real output, the price level, and the real value of components of aggregate demand in Egypt and Turkey. Design/methodology/approach – Building on a theoretical model that decomposes movements in the exchange...

Purpose – The purpose of this paper is to analyze determinants of institutional quality based on six separate indicators of governance: voice and accountability, political stability, government effectiveness, regulatory quality, rule of law, and control of corruption....

Purpose – The purpose of this paper is to establish a model to study the determinants of financial flows, portfolio and foreign direct investment (FDI) flows, and the impact of these determinants on economic variables in samples of developing and advanced countries. The analysis then turns to...