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Working Papers

Return Migration and Entrepreneurship in Morocco

Bachir Hamdouch and Jackline Wahba

This paper contributes to a small but rapidly growing literature concerned with the potentially substantial implications of international migration for economic development in LDCs. We use a sample of return ... read more


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Working Papers

Resource Rents, Political Institutions and Economic Growth

Ibrahim Elbadawi and Raimundo Soto

This paper contributes to the empirical literature on oil and other point-source resource curse. We find that the curse does exist but conditional on bad political governance. Unlike previous studies ... read more


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Working Papers

Oil Curse in Yemen: The Role of Institutions and Policy

Mahmoud Al-Iriani

This paper studies the natural resource curse (NRC) hypothesis as it applies to Yemen. There is evidence that Yemen has in fact not been immune from the NRC symptoms as ... read more


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Working Papers

Does Institutions Quality Matter for Financial Development and Economic Growth Nexus? Another Look at the Evidence from MENA Countries

Houssem Rachdi and Sami Mensi

The relationship between financial development and economic growth remains a fundamental issue in the economics and finance literature. This paper examines this relationship by introducing institutional variables (law and order, ... read more


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Working Papers

The Elusive Quest for Arab Economic Development

Ahmed Galal and Hoda Selim

This paper reviews the development experience of the Arab countries since World War II, arguing that the lack of inclusive economic and political institutions is the primary cause for the ... read more


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Working Papers

Understanding and Avoiding the Oil Curse in Sudan

Kabbashi Suliman

This paper examines the impact of the oil boom, as a blessing or curse, on Sudan’s economy, analyzes the key features of the country’s growth experience before and after the ... read more


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Working Papers

Does Islamic Banking Development Favor Macroeconomic Efficiency? Evidence on The Islamic Finance – Growth Nexus

Laurent Gheeraert and Laurent Weill

This paper evaluates if the development of Islamic banking influences macroeconomic efficiency. We contribute then to the analysis of the relation between Islamic finance and economic growth. We do so ... read more


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Working Papers

Inequality of Opportunity in Educational Attainment in Middle East and North Africa: Evidence from Household Surveys

Ragui Assaad, Djavad Salehi-Isfahani and Rana Hendy

Education is widely considered as the most important path to social mobility in the Middle East and North Africa (MENA), yet there are very few studies of the extent to ... read more


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Working Papers

Politico-Economic Development of Turkey and The Transformation of Political Islam

Hasan Ersel

This paper examines Turkey’s economic transition highlighting two objectives: achieving a strong growth performance in an open economy framework and fostering democracy. These two aims have shaped the politico-economic development ... read more


Publications
Working Papers

Contribution of Structural Change to Productivity Growth: Evidence from Tunisia

Mohamed Ali Marouani and Rim Mouelhi

The objective of this paper is to analyze the evolution of productivity and the contribution of structural change to productivity growth in Tunisia since the mid eighties. Using sectoral and ... read more