Seit der Unterzeichnung der Grundsatzerklärung zwischen Israel und der PLO im September 1993 erscheinen Frieden und Kooperation in der Nahostregion als realistische Perspektive. Die Studie gibt einen Überblick über die Möglichkeiten, aber auch die Hemmnisse, die einer engeren...

Der Beitrag zeigt die Perspektiven eines Landes auf, das sich in den letzten 20 Jahren zum führenden Ölexporteur der Welt entwickelte, Einfluß in der Welt und im Mittleren Osten gewann und zugleich eine der fundamentalsten sozio-ökonomischen Transformationen der modernen Zeit erlebte. Dieser...

Versuch einer Quantifizierung der wirtschaftlichen Folgen des zweiten Golfkriegs. Angesprochen werden: veränderte Gastarbeiter- und damit Finanzströme, hohe unmittelbare und indirekte Kriegsfolgelasten und deren externe Mitfinanzierung, veränderte regionale Leistungstransfers,...

This paper outlines and evaluates the nature of terrorism as perpetrated by al-Qaeda. To begin it graphs the institutional blueprint of society, and identifies the ubiquitous relationship between state, market and culture in any society. It goes on to describe how private markets and cultures...

Whether government spending can boost the pace of economic growth is widely debated. In the neoclassical growth model, it is supplies of productive resources and productivity that determine growth in the long-run. In endogenous growth models, an increase in government spending may raise the...

Given the change in oil price reflects change in observable economic fundamentals of Gulf Co-operation Council (GCC) economies, in this paper non-parametric co-integration and variance bound tests are employed to decompose volatility into fundamental and non-fundamental components. Findings of...

Purpose – The purpose of this paper is twofold: to investigate the market structure of Saudi Arabia banking industry; and to evaluate the monopoly power of banks during the years 1993-2006. Design/methodology/approach – The paper is examining the market structure using the most frequently...

In this paper, a forecast of conditional volatility in Saudi, Kuwait and Abu-Dhabi markets is performed. To capture the skewness and excess kurtosis that characterise asset returns in Gulf Cooperation Council markets, the conditional volatility of asset returns was estimated using skewed...

This paper employs a non-parametric test to investigate non-linearity in the long-run equilibrium relationship between GCC stock markets returns. The results in the paper show strong evidence of bivariate and multivariate cointegration between five GCC stock markets. However, the Bahrain stock...