Recently, there has been an upsurge of empirical studies that test the convergence prediction of the neoclassical growth theory at the country, regional, state or provincial levels. These studies examine whether poorer economies will eventually catch up with richer ones in terms of both income...

This paper examines Africa’s and Middle East’s growth performance for the period 1990- 2005. It employs a Bayesian Model Averaging method that constructs estimates as a weighted average of Spatial Autoregressive estimates for every possible combination of included variables. One of the...

Using data for a sample of developing countries, we analyze the effects of external flows, namely migrants' remittances and FDI flows, on real output growth, price inflation, and components of aggregate demand. The historical evidence indicates unstable patterns of FDI inflows to a sample of...

This paper estimates the impact of schooling on the timing of marriage and early fertility using the 2003 Turkish Demographic and Health Survey and duration analysis methodology. The source of exogenous variation in schooling is the extension of compulsory schooling in Turkey in 1997. The...

The purpose of this research paper is to examine social Islamic mutual funds’ financial performance. Since Islamic mutual funds have only been around for the past two decades, most of the research on this topic is fairly new. In this study we apply the single factor model of Schwert and Seguin...

This paper investigates how macroeconomic policy shocks in Turkey affect the total unemployment and provides evidence on the differential responses of the unemployment by sectors of economic activity. Our paper extends the previous work in two respects. First, we consider not only the response...

In this paper, the determinants of school participation and child labor in Egypt of 6 - 14 year old children are studied at the household level, using micro data from the October 1988 LFSS. Three main logit regression analyses were conducted: the likelihood of a child being enrolled in school,...

The purpose of this paper is to study the effects of tax reforms on unemployment and wages. Since the characterization of labor market is always a problematic issue, the impact of various revenue-neutral tax reforms on unemployment, wages, prices, and consumption in Tunisia are calibrated using...