nep-ara New Economics Papers
on Arab World
Issue of 2010‒05‒22
five papers chosen by
Quentin Wodon
World Bank

  1. Impact of Tariff Reductions in NAMA and Agriculture WTO Negotiations on GCC Common External Tariffs By Vanzetti, David; Peters, Ralf
  2. Rethinking Time Allocation of Egyptian Females By Rana Hendy
  3. A Collective Model of Female Labor Supply : Do Distribution Factors Matter in the Egyptian Case ? By Rana Hendy; Catherine Sofer
  4. Oligopoly and price transmission in Turkeyâs fluid milk market By Tekguc, Hasan
  5. Can Macroeconomic Factors Explain Equity Returns in the Long Run? The Case of Jordan By Hassan, Gazi; Hisham, Al refai

  1. By: Vanzetti, David; Peters, Ralf
    Abstract: The Gulf countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates) have a common external tariff that is unusually low with the exception of selected products such as alcohol and tobacco. As exporters of oil and gas and importers of agricultural products, the GCC is interested in the impacts of tariffs reductions in these products following the eventual completion of the Doha round. Of particular interest are four sectors (raw materials, gas-related goods, fisheries and chemicals), in which it is hoped tariffs will be eliminated. This will improve market access for the GCC countries, but it may also increase the competition depending on the initial bilateral tariffs. In agriculture, rising import prices driven by policy changes occurring elsewhere will increase import costs in the GCC countries. Potential gains and losses are identified using a bilateral trade model.
    Keywords: International Relations/Trade,
    Date: 2010
  2. By: Rana Hendy (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Panthéon-Sorbonne - Paris I, EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics - Ecole d'Économie de Paris, CREST-INSEE - Centre de Recherche en Economie et Statistique)
    Abstract: The present research explores for the first time to our best knowledge the extremely biased division of labor within Egyptian households. Time activities in respect of paid and unpaid work are an important aspect of this study. The classical dichotomy of "work in the market" versus "leisure" may serve as a good approximation of the role the male plays in the production activity of the household but does gross injustice to the female since it overlooks the whole time she spends, outside the market, on domestic activities. And, studying the females' invisible unpaid work is crucial since it remains the female's main occupation. Time use profiles are constructed using the Egyptian time use data available, only for females, in the Egyptian Labor Market and Panel Surveys of 1998 and 2006. The empirical exercise consists in, on the one hand-analyzing the main features of Egyptian females' time allocation relying on both cross-sectional and longitudinal analysis. On the other hand, we estimate a Propensity Score Matching model in order to evaluate the effect of marriage on females market and domestic labor supplies.
    Keywords: Time Allocation, domestic production, descriptive analysis, propensity score matching, Egypt.
    Date: 2010–04
  3. By: Rana Hendy (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Panthéon-Sorbonne - Paris I, EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics - Ecole d'Économie de Paris, CREST-INSEE - Centre de Recherche en Economie et Statistique); Catherine Sofer (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Panthéon-Sorbonne - Paris I, EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics - Ecole d'Économie de Paris)
    Abstract: This paper examines the intrahousehold ressource allocation in Egyptian married couples and its impact on females labor supply. Using data from the Egyptian Labor market and Panel Survey of 2006, we estimate a discrete-choice model for female labor supply within a collective framework. The economic model incorporates the possibility of non-participation for females which represents the working situation of more than 70 percent of Egyptian married women. The originality of this paper consists on testing new distribution factors, i.e., a set of exogenous variables which influence the intrahousehold allocation of resources without affecting preferences or the budget constraint. The latter are variables related to the marriage market, gender attitudes, domestic violence, direct access to the household income and participation in household decision making. Indentification of the model relies on the assumption that only some parameters of the utility function are identical for single and married females. We find significant relations between females bargaining power and labor supply decisions. This study's results has important policy implications.
    Keywords: Collective model, labour supply, distribution factors, maximum simulated likelihood, Egypt.
    Date: 2010–05
  4. By: Tekguc, Hasan
    Abstract: Farmers and consumers suspect that processing firms abuse their power in the milk marketing chain. We employ threshold autoregressive and moment threshold autoregressive tests and contrary to expectations find evidence of a downward trend in UHT milk real price without a corresponding decline in farm-gate prices. The downward trend coincides with increased competition in the dairy industry and with the growing market share of the formal sector at the expense of the informal sector. Major dairy processing firms expand their market share and still enjoy healthy profits thanks to increasing returns to scale in processing and distribution in a growing market.
    Keywords: Dairy, Turkey, Oligopsony, TAR, M-TAR, Agricultural and Food Policy, Farm Management, Land Economics/Use,
    Date: 2010–04
  5. By: Hassan, Gazi; Hisham, Al refai
    Abstract: There is a growing literature on how macroeconomic variables can have effects on equity returns in both developed and emerging stock markets. We test for the long run relationship between some key macroeconomic indicators and equity returns in Jordan. Using both GETS methodology and the ARDL approach to cointegration, we find that the trade surplus, foreign exchange reserves, the money supply and oil prices are important macroeconomic variables which have long run effects on the Jordanian stock market. The results are broadly consistent with similar studies carried out for other emerging economies.
    Keywords: Macroeconomic Factors; Equity Returns; Cointegration; Emerging Market; Jordan.
    JEL: G10
    Date: 2010–05–15

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