This paper tests the desirability and feasibility of establishing a monetary union in GCC countries using a multivariate structural Vector Autoregression Model (VAR) for the period 1980-2006. The paper builds on the earlier work, capitalizing on a methodology that captures supply and demand...

The extent of inequality in society is determined by the distribution of assets, the rates of returns on different assets, and government policy. All of these things are deeply political and reflect the balance of political power in society and the institutions to which this balance gives rise....

There is little evidence on unemployment duration and its determinants in developing countries. This study is on the duration aspect of unemployment in a developing country, Turkey. We analyze the determinants of the probability of leaving unemployment for employment or the hazard rate. The...

The literature on trade often focuses on its impact on economic growth. However, more recently attention has been paid to the impact of openness on other important aspects of individual welfare, such as the environment. Because openness affects economic activity it will also affect pollution...

The current global financial crisis is the most serious both in terms of magnitude and scope since the Great Depression. No country has been immune to the economic slowdown. In advanced economies, the financial crisis and the global recession that followed the burst of the global financial...

We examine and analyze the post-privatization corporate governance of a sample of 52 newly privatized Egyptian firms over a period of 10 years, from 1995 to 2005. We look at the ownership structure that results from privatization and its evolution; the determinants of private ownership...

This paper tests the contribution of institutions to the promotion of cooperative behavior, taking seriously the endogeneity of the institutions themselves. Theft of water by manipulation of water meters is an important constraint on the implementation of economic pricing policies, particularly...

This paper investigates the association between gender and poverty in Tunisia based upon an empirical analysis of 1990 and 2000 household surveys. It also tests whether there is a widespread feminization of poverty. To achieve these goals, the paper suggests a theoretically sound method to...

Using data drawn from a nationwide voter-tendencies survey conducted shortly before the July 2007 parliamentary election in Turkey, inter-party vote movements during the 2002-2007 period are investigated with the Justice and Development Party (AKP) as the focal point. A descriptive analysis...

This paper aims to fill the gap between exchange rate regime choice and currency crises literatures. Through explicitly taking into account the exchange rate regime choice of countries in explaining the occurrence of currency crisis, it is tempting to think that sources of vulnerabilities,...