Working Papers
ERF Working papers are a quick and efficient way of sharing research work to disseminate knowledge, receive feedback, obtain preliminary recognition, and ultimately, to prepare publications.
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The Tenacity of the Arab Spring in People’s Perception: Trends in Values Among Egyptians
This paper assesses three perspectives on the Arab Spring: (i) a movement toward liberal democracy,... Read More
Does Education Indoctrinate? The Effect of Education on Political Preferences In Democracies and Autocracies
Using World Value Survey and European Value Study data spanning 96 countries and over 300,000... Read More
Asset Inequality in MENA: The Missing Dimension?
Studies of economic inequality have traditionally relied on income or consumption as their welfare aggregate.... Read More
Do Emigrants Self-Select Along Cultural Traits? Evidence From the MENA Countries
This paper empirically investigates whether emigrants from MENA countries self-select on cultural traits such as... Read More
Sovereign Wealth Funds and Macroeconomic Stabilization in the Home Economy
The analysis of this paper suggests that SWFs have a robust stabilizing role against fiscal... Read More
On the Determinants of Souverign Wealth Funds’ Investments: Are Arab SWFS Different?
The present study investigates the determinants of Arab sovereign wealth funds' (SWFs) investment decisions. Using... Read More
Sovereign Wealth Funds, Cross-Border Investment Bias and Institutions: The Case of Arab Countries
SWF surpassed US$ 5.5 trillion in assets in 2014, growing nine-fold since 2002. Typically, SWFs... Read More
Optimal Asset Allocation and Consumption Rules for Commodity-Based Sovereign Wealth Funds
This paper studies the optimal asset allocation for a sovereign wealth fund (SWF) subject to... Read More
Consumption Smoothing and Shock Persistence: Optimal Simple Fiscal Rules for Commodity Exporters
A common criticism of balanced budget fiscal rules is that they increase the consumption volatility... Read More