Morocco and Tunisia have both achieved robust economic growth over the last 30 years by utilizing prudent economic planning and implementation. The World Bank heralds both countries as prime examples of how market-friendly capitalist systems can be implemented over a short period of time with...

This study estimates liquidity premiums using the recently developed Liu (2006) measure within a multifactor capital asset pricing model (CAPM) including size premiums and a time-varying parameter model for the North African emerging markets of Algeria, Egypt, Morocco and Tunisia. The evidence...

An applied general equilibrium model with oligopoly and scale economies, based on detailed plant-level data, is used to contrast the impacts of the Morocco-EU free trade area (FTA) to multilateral trade liberalization on Morocco’s economy. Simulation results show that the FTA agreement is...

Purpose – The purpose of this paper is to explore the nature and contents of Islamic management practices and their consequent implications for human resource management (HRM) in Arab countries. In addition, it aims to examine the implications for multinational companies (MNCs) operating in...

The main objective of this thesis is to examine the extent of and the potential for Arab economic integration. It adds to the growing literature on the issue of economic integration by throwing the spotlight on several issues hitherto little considered in the existing literature. The thesis...

The relationship between stock market development and economic growth has been an important issue of debate. A well functioning stock market can affect economic growth through the channelling of more saving to investment and the improvement of capital productivity with efficient allocation of...

Diese Arbeit setzt sich als Ziel, das islamische Zinsverbot darzustellen und dessen Rolle bei der Entwicklung des islamischen Bankwesens, welches unter der englischen Bezeichnung Islamic Banking besser bekannt ist, zu erörtern. Zudem werden die wichtigsten Finanztechniken, die von den...

Verbreitete Armut ist nach wie vor eines der zentralen Probleme der arabischen Entwicklungsländer, das nicht nur auf begrenzte Erwerbsmöglichkeiten und geringe Einkommen zurückgeht. Große Teile der Bevölkerung verarmen auch deshalb immer wieder, weil sie keinen adäquaten Zugang zu...