The literature on economic determinants of democratization has identified most importantly the effects of economic development and income distribution. In this regard, Egypt had exhibited higher average incomes and declining inequality between 1999 and 2012. However, by 2015, the level of income...

This paper aims simultaneously to study the global dynamic relationship of oil prices, financial liquidity, and geopolitical risk, on the one hand, and the economic performance of oil-dependent economies on the other. Global and country-specific dynamics are studied together in a Global Vector...

Saudi Arabia, a major oil exporting country, adopted an ambitious plan known as 2030 Vision to diversify its economy through dramatic increases in domestic investment. However, with oil remaining at modest to low prices by recent historical standards, it is important to study the implications of...

This paper empirically explores how fiscal policy - represented by changes in government spending- exerts asymmetric effects on economic growth in the context of a developing country, Egypt in particular. By allowing for the theoretical plausibility of asymmetric effects of fiscal policy on...

This paper aims to provide an empirical investigation of the climate-growth joint dynamics considering exogenous shocks such as the COVID-19 in the Middle East and North Africa (MENA) region, with no presumptions imposed on the direction of causality. To quantify climate change, we use...

This paper assesses several early warning (EWS) models of financial crises to propose a model that can predict the incidence of a currency crisis in developing countries. For this purpose, we employ the equal weighting (EW) and dynamic model averaging (DMA) approaches to combine forecast from...