Contrary to current notions about water abundance in Lebanon, the country is facing serious problems of unavailability, both in quantity and quality, geographical and sectoral. Even though this is due to several existing human-related aspects, i.e. management, ill-finance, non-integration and...

In this study, we use Okun's Law to examine whether growth has been jobless in seventeen MENA countries. The methods used are the ARDL approach for the individual country and the panel data analysis for the entire sample. The period considered in this study is from 1980 to 2013. To test for...

Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of a transactions-based economy with contracts...