This paper contributes to a current and intense debate among economists on whether real exchange rate undervaluation can boost growth. It focuses on addressing econometric and empirical issues that casts doubt about the validity of such positive impact. It also allows for the possibilities that...

The objective of this paper is twofold. Firstly, we show how reliable datasets can be generated to perform distributional analysis in the Arab region, based on a useful procedure of desegregating grouped data published by official statistical agencies. Secondly, using accessible raw micro data...

Attempts to explain high and sticky credit card rates have given rise to a vast literature on credit card markets. This paper endeavors to explain the rates in the Turkish market using measures of non-price competition. In this market, issuers compete monopolistically by differentiating their...

The main objective of this paper is to perform a decomposition analysis of the level of inequality between socioeconomic groups and geopolitical regions of each country to better our understanding of the contribution of each socioeconomic group to overall inequality. This paper will fill in an...

With the process of expansion and the structural transformation taking place in Bahrain, it is crucial to measure and analyze the growth rates of gross domestic product (GDP), gross output and multifactor productivity (MFP) to develop proper policies that are in line with the new economic vision...

This paper analyzes the trend and changes of household expenditure polarization in five Arab countries between 1975 and 2006. Applying a set of recent polarization measures developed by Duclos et al. (2004) and Wolfson (1994), we find that polarization remained stable in most countries except...

The private internal rate of return (IRR) for education levels of the household heads in the city of Isfahan in 1992 is estimated. The subjects for this study are a sample of household heads from cross-sectional data. An earnings regression equation along with discounting techniques is employed....

The purpose of this paper is to evaluate the impact of the 1980 liberalization program on the structure of sectoral employment in Turkey. 1973 is a representative year for the inward looking import substitution era (1960-1979) and 1990 for the export promotion era (1980-). We use semi-closed...

This paper examined theoretically and empirically privatization episodes in a sample of Sub-Sahara African countries that were under military regimes as of 1970. The theoretical analysis employed a principal-agent model to investigate the mutually beneficial profit-sharing collaborations between...

This paper empirically assesses the impact of exchange rate policy on the performance of manufactured exports for four North African countries over the 1970-92 period. The impact of exchange rate policy is examined through the effect of three indicators: real effective exchange rate (RER)...