This paper examines the random walk hypothesis (RWH) by testing the weak-form of efficiency of twelve Arab stock markets. These markets to include: Saudi Arabia, Amman, Kuwait, Dubai, Abu Dhabi, Egypt, Morocco, Tunisia, Qatar, Oman, Bahrain and Palestine. The study utilized parametric and...

The purpose of the paper is to examine the direct and indirect links between democracy and economic growth. To do so, the authors estimate a dynamic panel simultaneous equations model on a sample of 16 Arab countries during the period 2002–2013. This study focuses on two particular channels...

The purpose of the paper is to examine the direct and indirect links between democracy and economic growth. To do so, the authors estimate a dynamic panel simultaneous equations model on a sample of 16 Arab countries during the period 2002-2013. This study focuses on two particular channels...