Purpose – The paper aims to examine asymmetry in the cyclical behavior of private consumption in a sample of nine developing countries in the Middle East. Design/methodology/approach – The empirical model includes three policy variables: government spending, the money supply, and the...

The Sultanate of Oman has a diversified economy, unlike many of its neighboring nations that rely almost entirely on oil revenues. Natural gas and several non-energy business sectors, such as tourism, fishing, light manufacturing, and agriculture are expanding rapidly. The Omani economy is one...

The State of Qatar is driven mainly by hydrocarbon revenues, which are estimated to support this tiny country for hundreds of years. The Qatari economy is becoming diversified with industries such as manufacturing, banking, social services, and tourism. Additionally, government financed health...

This paper elaborates on the evolution of the informal sector vis-à-vis the evolution of agricultural and formal sectors in a stylized developing country economy in process of growth. The analytical contribution of this essay extends the Ramsey theory of growth into a framework that includes an...

This study uses multivariate cointegration and variance decomposition techniques to investigate the causal relationship between government expenditures and economic growth for Egypt, Israel and Syria, for the past three decades. When testing for causality within a bivariate system of total...

Hay indicios de que en los próximos 10 años se sumarían de 2 a 5 estados al grupo de los que ya disponen de armas nucleares, lo que demuestra la creciente importancia del poder disuasivo de dichas armas (la llamada Estrategia Nuclear de la Disuasión ), a la vez que entra en juego nuevamente...

This landmark collection of essays addresses the question: Given peace in the Middle East, then what? Focusing on the countries most immediately affected by the Arab-Israeli conflict, economists representing Egypt, Israel, Jordan, Lebanon, and the Occupied Territories offer differing...

In MENA, household food insecurity, which is closely related to poverty and undernourishment, is most severe in rural areas and concentrated within Iraq, Sudan, and Yemen. 25% of the MENA population may be poor and 7% undernourished. The key to increased national and household-level food...