The research aims to examine the relationship, whether complementary or substitutive, between inward FDI and gross domestic investment in the six GCC countries using cointegration techniques and fully modified GMM estimation. Based on the panel data during the period 1979-2010, the empirical...

The purpose of this paper is to analyze the dynamics of crude oil prices of OPEC and non-OPEC countries using threshold cointegration. To capture the long run asymmetric price transmission mechanism, we develop an error correction model within a threshold cointegration and CGARCH errors...

This paper aims to study the relationship between the Government Spending and the private investment in non-oil sectors of Saudi economy through the crowding-out effect during the last four decades. We use the Box-Cox transformation as a specification and the tests of cointegration and causality...

The purpose of this paper is to test the mechanism of automatic stabilization between the dynamics of real GDP-growth and budget deficit by using structural VAR methodology with quarterly macroeconomic data of Moroccan economy. The SVAR model allows us to test and evaluate the extent of those...

This paper investigates the long-run equilibrium relationship between the real net exports and the exchange rate in Moroccan economy by the threshold cointegration test. This approach, introduced by Enders and Siklos (2001), provides clair evidence of the cointegration relationship characterized...

The purpose of this paper is to estimate a structural VAR model using macroeconomic data of Moroccan Economy, which includes national saving rate and budget deficit rate, to test the Ricardian Equivalence hypothesis. In this framework we separate saving and deficit movements into two types of...

The financial crises are considered the major challenges facing the prosperity and stability of the banking system and menace its stability. Several studies on financial and banking sector have demonstrated that Islamic banks have shown more financial robustness and stability compared to...

The aim of the paper is to test the Marshall-Lerner-Robinson condition by using the unit-root test of Ng-Perron (2001) and cointegration test of Perron-Rodriguez (2001). These tests are based on procedures for removing the trend using the GLS, leading to remove no-stochastic components. By...

The aim of this paper is to determine stable long-run relationships between investment, trade balance and cash-flow variables using Sectorial level of Morocco economy, in addition to the direction of the causality between them. Such relations are deduced using Granger causality, Johansen...

Main papers on Zakat are focused on Shariah explanation to prove its important role to resolve social and economic problems of Islamic society. This paper aims to model the Zakat system to determine the volume and the effects of Zakat funds. We expect that this is the first empirical paper,...