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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The Trinity of Budgetary Institutions, Political Institutions and Fiscal Cyclicality: Evidence from Egypt
Fiscal policy is empirically proven in many papers as procyclical in developing countries as a... Read More
Stochastic Growth Model and the Role of Shocks to Trend in the MENA Region
This paper investigates the role of shocks to trend in explaining the business cycle fluctuations... Read More
Micro equity for Microenterprises: Evidence from an Artefactual Field of Experiment and Survey
Access to finance is often listed as one of the most important constraints on the... Read More
Funding MSMEs in North Africa and Microfinance: The Issue of Demand and Supply Mismatch
A pooled sample of 3,075 Micro, Small, and Medium-sized Enterprises (MSMEs) is designed as for... Read More
Do AEO Programs Facilitate Trade? An Empirical Assessment of the OIC Member States
The Authorized Economic Operator (AEO) program comprises of comprehensive trade facilitation and security improvement measures... Read More
On Ideas and Economic Policy: A Survey of MENA Economists
This paper examines how economic ideas have been shaped throughout history and the influence of... Read More
Short- and Long-Run Tail Dependence Switching in MENA Stock Markets: The Roles of Oil, BITCOIN, Gold and VIX
This paper examines the left and right tail dependence-switching structure between twelve MENA stock markets,... Read More
Public Employment Shocks and Female Labor Force Participation in Palestine: Evidence from Quasi-Natural Experiment
By the end of the Second Intifada, which took place during the 2000-2004 period, the... Read More
Oil Price Changes and Industrial Output in the MENA Region: Nonlinearities and Asymmetries
In this paper, we investigate the nature of asymmetry in the influence of oil price... Read More