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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Asset Inequality in MENA: The Missing Dimension?
Studies of economic inequality have traditionally relied on income or consumption as their welfare aggregate.... Read More
Do Emigrants Self-Select Along Cultural Traits? Evidence From the MENA Countries
This paper empirically investigates whether emigrants from MENA countries self-select on cultural traits such as... Read More
Sovereign Wealth Funds and Macroeconomic Stabilization in the Home Economy
The analysis of this paper suggests that SWFs have a robust stabilizing role against fiscal... Read More
On the Determinants of Souverign Wealth Funds’ Investments: Are Arab SWFS Different?
The present study investigates the determinants of Arab sovereign wealth funds' (SWFs) investment decisions. Using... Read More
Sovereign Wealth Funds, Cross-Border Investment Bias and Institutions: The Case of Arab Countries
SWF surpassed US$ 5.5 trillion in assets in 2014, growing nine-fold since 2002. Typically, SWFs... Read More
Optimal Asset Allocation and Consumption Rules for Commodity-Based Sovereign Wealth Funds
This paper studies the optimal asset allocation for a sovereign wealth fund (SWF) subject to... Read More
Consumption Smoothing and Shock Persistence: Optimal Simple Fiscal Rules for Commodity Exporters
A common criticism of balanced budget fiscal rules is that they increase the consumption volatility... Read More
Determinants and Impact of Households’s Out-of-Pocket Health Care Expenditure in Sudan: Evidence From Urban and Rural Population
This study examines the determinants of out of pocket (OOP) health expenditures and the factors... Read More
Labor Demand in Tunisia: Size, Structure and Determinants
This paper explores the employment performance and capacities of the Tunisian private sector with a... Read More