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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Capital Flight and the Real Exchange Rate in Resource Scarce MENA Countries
We analyze the determinants of capital flight in three resource scarce MENA countries namely Egypt,... Read More
Hedging the Risks of MENA Stock Markets with Gold: Evidence from the Spectral Approach
In this paper, we contribute to the old debate on the dynamic correlation between gold... Read More
Digital Transformation in Tunisia: Under Which Conditions Could the Digital Economy Benefit Everyone?
Adoption of digital technologies has accelerated largely in the last decade and has reached a... Read More
Determinants of Income Inequality in Jordan
Income inequality is relatively low in Jordan when measured using the common inequality measure, Gini... Read More
Climate Change and Fiscal Sustainability: Risks and Opportunities
Both the physical and transition-related impacts of climate change pose substantial macroeconomic risks. Yet, markets... Read More
Corruption: A Brutal Enemy of Economic Diversification in MENA Oil Exporters
This paper aims, on the one hand, to investigate the impact of corruption on economic... Read More
Potential Effects of the EU’s Carbon Border Adjustment Mechanism on the Turkish Economy
In December 2019, the European Union (EU) announced the European Green Deal (EGD) to create... Read More
Economic Resilience in Developing Countries: The Role of Democracy in the Face of External Shocks
In this paper, we examine the role of democracy in strengthening the resilience of developing... Read More
How Economic, Political, and Institutional Factors Influence the Choice of Exchange Rate Regimes? New Evidence from Selected Countries of the MENA Region
In this paper, we investigate how economic, political, and institutional factors affect the choice of... Read More