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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Full List of Working Papers
Rational Speculative Bubbles: An Empirical Investigation of the Middle East and North African (MENA) Stock Markets
Abstract Despite recent extreme fluctuations of Middle East and North African (MENA) stock markets, we do... Read More
Financial Stability and Macro Prudential Regulation: Policy Implication of Systemic Expected Shortfall Measure
Abstract In this paper we highlighted the importance of systemic risk in the new framework... Read More
Access To the Labor Market and the Impact of Passage Through an Introductory Traineeship in Professional Life (SIVP1): The Example Of the Graduates Of Higher Education in Tunisia From 2004 To 2008
Abstract In this article, we propose to study the determinants of access to first employment... Read More
Raising Awareness of Alternatives to Public Sector Employment Among Syrian Youth
Abstract In 2003, over 80 percent of unemployed 15-29 year-olds in Syria sought jobs in... Read More
Job Quality Among the Non-Wage Workers in the Agriculture and Non-Agricultural Sectors in Egypt
Abstract It is quite challenging to operationalize the notion of job quality for wage and... Read More
Basel Accord and Lending Behavior: Evidence from MENA Region
Abstract In 1988, an agreement was reached in Basel to set common requirements of bank... Read More
Vertical Integration and Institutional Constraints on Firm Behavior: The Case of the Garment Industry in Egypt
Abstract Empirical analysis of vertical integration has mostly been restricted to developed countries. But since the... Read More
Tourism, Capital Good Imports and Long-Run Growth
Abstract This paper presents a theoretical growth model that attempts to identify one of the mechanisms... Read More
Do Capital Inflows Cause Currency Black Markets in MENA? Causality Tests for Heterogeneous Panels
Abstract This paper examines feedback causality between capital inflow components and currency black market premiums (BMP)... Read More