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Fiscal management of oil resources in booms and busts
By Hilde C. Bjørnland To manage the volatility of commodity prices, resource-rich countries are typically advised to adopt a fiscal policy framework that can be operated counter-cyclically. Drawing on Norway’s experience, this column explains...more
Corporate ownership and performance in the United Arab Emirates
By Magda Kandil and Minko Markovski While state ownership of companies is widely thought to lead to inefficiencies, in the United Arab Emirates, it has proved to be a pillar of good corporate performance. This column describes the country’s...more
Promoting better jobs for young people in Egypt
By Caroline Krafft and Ragui Assaad A young person’s first job has a huge impact on the rest of their working life. Today, Egyptian youth face big challenges in securing that first position. This column explains why active labour market policies... Read More
Women’s education: harbinger of another spring?
By Mehmet Alper Dinçer , Neeraj Kaushal and Michael Grossman Cultural norms and the social environment in many Middle Eastern societies discriminate against women, limit their socio-economic opportunities and...more
Sticks rather than carrots to expand the formal economy
By Aysit Tansel Reforms that get more firms and workers into the formal economy can come in the form of both inducements such as better information and lower costs...more
When you’re stuck in quicksand, stop kicking
By Hany Abdel-Latif and Mahmoud El-Gamal As the golden age of oil nears its end, incomes in the MENA region are destined to fall precipitously from their artificial petrodollar-boosted levels...more
New HLFS Micro Data for Egypt
ERF is pleased to announce the dissemination of Two New Harmonized Labor Force Surveys (HLFS) for Egypt 2015 and Egypt 2016. An updated version of the HLFS for Egypt 2014 is also made available on the ERF data portal.... Read More
How to diversify oil-producing economies
By Rabah Arezki Many oil- and gas-rich countries have either announced or put in place policies to reduce their dependence on oil by diversifying their economies...more
Getting more women into employment in Egypt
By Rana Hendy Despite significant increases in the educational attainment of women in Egypt, their rate of labour force participation remains one of the lowest in the world...more