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Equity capital inflows, corporate finance and growth in emerging economies
By Charles Calomiris, Mauricio Larrain and Sergio Schmukler Studies of the relationship between foreign investor participation in public equity markets and aggregate economic activity in emerging economies find strong effects on productivity..more
Electoral participation in Turkey: what drives high voter turnout?
By Ali Akarca and Aysit Tansel Well-functioning democracies and economies require voters that evaluate the economic performance of governments and reward or punish them accordingly..more
On autocracy, democracy and populism: Tunisia and the wider Arab region
By Hajer El Ouardani and Samir Makdisi Different circumstances offer different opportunities for the emergence of populism. This column contrasts the rise of populist movements in the established democracies of the..more
Ownership structure and multinationals’ productivity: evidence from Turkey
By Çağatay Bircan Evidence is mixed on the effects of multinational activity on productivity and competitiveness in host economies. This column provides new evidence that previous estimates..more
Fiscal policy in the GCC countries: towards ensuring sustainability
By Assil El Mahmah and Magda Kandil The countries of the Gulf Cooperation Council (GCC) are all seeking to promote diversification of their economies away from continued dependence on the energy sector, yet oil prices..more
Arab economic integration: trade and growth policy after the crises
By Simon Neaime Greater economic and financial integration of the Arab countries is widely agreed to be essential both to promote growth and to shelter the region more effectively from..more
The African continental free trade area: an integration trilemma
By Jaime de Melo Plans to establish an African continental free trade area are hampered by three incompatible objectives: solidarity across the continent’s diverse countries..more
Post-conflict macroeconomic challenges: Iraq, Libya, Syria and Yemen
By Khalid Abu-Ismail, Salim Araji and Manuella Nehme Inflows of overseas development assistance are typically helpful for countries seeking to rebuild in the immediate aftermath of a civil conflict – but in the longer term..more
Non-tariff measures in the Arab region
By Mohamed Chemingui, Kais Feki and John Sloan International trade is still hampered by non-tariff measures (NTMs), which in turn is a barrier to growth, particularly in developing countries. This column summarises the findings of..more