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Publications
Working Papers

The U.S. Oil Supply Revolution and the Global Economy

Kamiar Mohaddes and Mehdi Raissi

This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over ... read more


Publications
Working Papers

The Political Economy of Macroeconomic Policy in Arab Resource- Rich Economies

Adeel Malik

Revisiting macroeconomic policies and outcomes of Arab resource-rich economies (RREs), this paper synthesizes the political economy considerations that underpin policy choices. The paper argues that, in the context of Arab ... read more


Publications
Working Papers

Fiscal- Monetary Interdependence and Exchange Rate Regimes in Oil Dependent Arab Economies

Ibrahim Elbadawi, Mohamed Goaied and Moez Ben Tahar

This paper contributes to the literature on the interdependence between fiscal and monetary policies in resource-dependent economies.  In the context of this general theme we analyze the fiscal foundation of ... read more


Publications
Working Papers

Oil, Volatility and Institutions: Cross-Country Evidence From Major Oil Producers

Amany El Anshasy, Kamiar Mohaddes and Jeffrey Nugent

This paper examines the long-run effects of oil revenue and its volatility on economic growth as well as the role of institutions in this relationship. We collect annual and monthly ... read more


Publications
Working Papers

The Impact of the Fracking Boom on Arab Oil Producers

Lutz Kilian

This paper makes four contributions.  First, it investigates the extent to which the U.S. fracking boom has caused Arab oil exports to decline since late 2008. Second, the paper quantifies ... read more


Publications

Publications
Working Papers

Relative Prices and the International Comparison of Real Agricultural Output and Productivity

Massoud Karshenas

This article reviews the different methods of constructing multilateral output and productivity indices for agriculture in cross-country panel studies. We show that various multilateral output indices used by different researchers ... read more


Publications
Working Papers

Fiscal Response to Fluctuating Oil Revenues in Oil Exporting Countries of the Middle East

Nader Habibi

Using panel data for five Middle Eastern oil-exporting countries, I have investigated the impact of fluctuations in these countries’ oil revenues on their budgetary decisions. My focus is on how ... read more


Publications
Working Papers

A Political Economy Model of Resource Pricing with Evidence from the Fuel Market

Hadi Salehi Esfahani

The paper suggests that institutional developments may not have monotone effects on economic policy.  The paper develops a model and offers evidence from fuel pricing across countries to show that ... read more


Publications
Working Papers

Economic Aspects of Wastewater Reuse: The Egyptian Case

Raouf Khouzam

Several regions in the world suffer water stress. As only a small part of withdrawn water is consumed, properly recovering, treating and suitably reusing wastewater will help to reduce the ... read more


Publications
Working Papers

Rice Market Liberalization in Iran: Welfare and Poverty

Mohamed Bakhshoodeh and Gholamreza Soltani

In an effort to achieve and maintain national self-sufficiency in basic agriculture products a variety of programs were adopted by the post-revolution government in Iran in the 1990s. A single ... read more


Publications
Working Papers

Climate Change, Gender, Decision-Making Power, and Migration into the Saiss Region of Morocco

Dina Najjar, Boubaker Dhehibi, Aden Aw-Hassan and Abderrahim Bentaibi

Studies on migration in the Middle East and North Africa (MENA) region have so far focused on migration to urban areas (local cities and European countries). Little research has explored ... read more


Publications
Working Papers

Is Internal Migration A Way to Cope With Climate Change? Evidence From Egypt

Mohamed El Hedi Arouri, Adel Ben Youssef and Nguyen Viet Cuong

In this study, we examine the effect of extreme weather events on migration among governorates in Egypt using migration gravity models and data from the 1996 and 2006 Population and ... read more


Publications
Policy Briefs

Mechanization to Drive A Process for Fertilizer Subsidy Reform in Egypt

Shinan N. Kassam and Boubaker Dhehibi

In a nutshell Current modalities for the distribution of subsidized fertilizer, together with national campaigns for wheat production, may be stifling nutritional security within rural areas. Reliable access to water is a ... read more


Publications
Policy Briefs

The US Fracking Boom, Oil Prices and Policy Options for Arab Oil Producers

Romesh Vaitilingam

In a Nutshell In the absence of the US fracking boom, the global price of crude oil since 2011 would have been as much as $10 per barrel higher. This effect pales ... read more


Publications
Working Papers

Oil Prices and the Global Economy: Is It Different This Time Around?

Kamiar Mohaddes and Hashem Pesaran

The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the US and the global economy. In this paper, ... read more