The purpose of this study is to investigate the effects of IFRS adoption on MENA's emerging stock markets and to shed some light on the macro-economic determinants which have had an important influence on stock market development. The empirical study is conducted using a balanced panel data from...

On the basis of recent theoretical developments of complex Foreign Direct Investment (FDI), this paper is aimed at shedding light on the new aspects of FDI determinants in MENA countries. An empirical application with a spatial panel data model shows that both bilateral and third-country FDI...

This study examines the banking power in a number of highly concentrated banking industries. In particular, this paper tests the competitive conditions in the banking industries of six Middle Eastern and North African (MENA) countries for the period from 1998 to 2007. Using the new industrial...

We investigate the complex interactions between credit constraints, political instability, and capital accumulation using a novel approach based on Kiyotaki and Moore’s (1997) theoretical framework. Drawing on a unique firm-level data set from Middle-East and North Africa (MENA),...

This paper  provides an assessment of economic growth, employment and poverty reduction in the Arab MENA region. Considering the high rate of unemployment (especially the youth unemployment) and poverty in most countries in the region employment and poverty impacts of growth are of particular...

Purpose – The purpose of this paper is to examine the existence of rational speculative bubbles in the Middle East and North African (MENA) stock markets. Design/methodology/approach – To complement shortcomings of the traditional bubble tests, such as unit root tests and cointegration...