nep-ara New Economics Papers
on Arab World
Issue of 2011‒01‒16
nine papers chosen by
Quentin Wodon
World Bank

  1. Islamic house financing:current models and a proposal from social perspective By Hasan, Zubair
  2. دور التمويل الإسلامي في تحقيق الأمن الاقتصادي By Alasrag, Hussien
  3. Competition in the Turkish mobile telecommunications market: Price elasticities and network substitution By Haucap, Justus; Heimeshoff, Ulrich; Karacuka, Mehmet
  4. The Impact of Oil Shocks on Qatar’s GDP By Al-mulali, Usama; Che Sab, Che Normee
  5. Does Mediterranean define an economic region? By Cunedioglu, Ekrem; Yucel, Eray
  6. Corporate vulnerability and bank stability : evidence from Jordan By Love, Inessa
  7. Kalite Artislari ve Enflasyon: Turkiye Ornegi By Yavuz Arslan; Evren Ceritoglu
  8. A framework for analyzing competition in the banking sector : an application to the case of Jordan By Demirguc-Kunt, Asli; Peria, Maria Soledad Martinez
  9. Kuresel Kriz, Etkilesim Kanallari ve Turkiye Ekonomisi By Baris Cinar; Omer Erdogan; Tugrul Gurgur; Tandogan Polat

  1. By: Hasan, Zubair
    Abstract: Shelter is one of the basic needs for human beings. Its availability for the people is an Islamic imperative. In view of the appalling living conditions for a substantial proportion of population in most countries around the world, especially Muslim, Islamic banks have entered the field with varying schemes for house financing. In this infant industry, the effort is understandably guided by profit motive but a social dimension has to surface in course of time. Unfortunately, the models banks currently use for house financing remains under the juridical gaze, more so as the practice is not always found transparent. This paper looks at Islamic house financing models in a broader societal context. It evaluates the efficacy of the in practice financing structures and suggests a new approach. The proposed model is shown as superior to the existing ones. It meets the norms of equity, fair play and openness and does not presumably violate any other Islamic norm. Finally, the paper makes some policy suggestions to integrate Islamic house financing with broader social goals of an Islamic economy.
    Keywords: Key words: Housing problem; basic needs; Conventional model; BBA in housing; the MMP model; Diminishing balances model; Constructive ownership; National planning
    JEL: D60 D14 G21
    Date: 2011–01–04
  2. By: Alasrag, Hussien
    Abstract: This research aims to study the role of Islamic finance in achieving economic security. Economic security is composed of basic social security, defined by access to basic needs infrastructure pertaining to health, education, dwelling, information, and social protection, as well as work-related security. The research is divided into four parts. The first part highlights the limitations of investing money in Islamic law, while Part II presents the most important advantages of Islamic finance. Part III examines the role that can be played by Islamic finance in achieving economic security; through shed light on the concept of economic security, then the most important obstacles facing Islamic finance in achieving economic security. finally ,Search Results and The most important recommendations.
    Keywords: Islamic finance ; economic security
    JEL: O1 G0
    Date: 2010–03–21
  3. By: Haucap, Justus; Heimeshoff, Ulrich; Karacuka, Mehmet
    Abstract: This paper estimates demand elasticities for the Turkish mobile telecommunication market. In contrast to most other studies, firm level data is used to estimate dynamic panel data models including instrumental variable techniques. Both short- and long-run elasticities are calculated, yielding a long-run price elasticity of -0.72 for the post-paid market and of -0.33 for the pre-paid market. The short-run price elasticity is estimated to be -0.36 for the post-paid market and -0.20 for the pre-paid market. In addition, evidence of fixed to mobile traffic substitution is provided for consumers that use pre-paid cards. --
    Keywords: mobile telecommunications,price elasticity,network substitution,dynamic panel data analysis
    JEL: C23 L13 L96
    Date: 2010
  4. By: Al-mulali, Usama; Che Sab, Che Normee
    Abstract: This study examines the impact of oil shocks on Qatar’s gross domestic product using time series data from the period 1970-2007 covering all the oil shocks. The Johansen-Juselius (JJ) cointegration test and VECM Granger causality test are employed in this study. From the results we concluded that oil price has a positive effect on Qatar’s gross domestic product, but at the expense of higher inflation. Qatar seems to have suffered from financial surpluses and rapid economic growth caused by sharp increases in the oil price. At the same time, with a fixed exchange regime and tight monetary policy to deal with these events, this has caused the price of assets to increase sharply, leading to high levels of inflation in Qatar. Based on the results, we recommend that the Qatari currency (riyal) be pegged to a basket of currencies so as to increase the role of monetary policy to deal with the external shocks (oil shocks).
    Keywords: Qatar;Oil Shocks;GDP;VAR model
    JEL: E00 Q4
    Date: 2010–10–24
  5. By: Cunedioglu, Ekrem; Yucel, Eray
    Abstract: Mediterranean was, Mediterranean is and Mediterranean will be. With its undeniably rich history, colorful geography and wide spectrum of humanity, Mediterranean is an important entity. Nevertheless, a long and rich background may not always yield a stable and secure future. In the absence of a correct perception of what is happening, the region might drift toward undesirable directions. This study argues that this is not a small probability for the Mediterranean as an economic region. Certain demographic and economic patterns of the region point at the observation that Mediterranean is losing part of its momentum. The study, which is indeed fairly eclectic, elaborates the dimensions of this observation and reveals some policy directions.
    Keywords: Mediterranean; Economic region; Consensus building; Governance
    JEL: R58 F50 R12 Z13 R11
    Date: 2010–09–27
  6. By: Love, Inessa
    Abstract: This paper uses data on publicly listed companies in Jordan to evaluate corporate vulnerability and perform corporate stress testing. The exercise finds that both earnings and interest rate shocks have significant impact on corporate vulnerability. Because different banks have different sector exposures, and different sectors exhibit different vulnerability at different times, the stress tests that include corporate exposure will provide a more precise evaluation of bank soundness.
    Keywords: Debt Markets,Banks&Banking Reform,Access to Finance,Economic Theory&Research,Emerging Markets
    Date: 2010–12–01
  7. By: Yavuz Arslan; Evren Ceritoglu
    Date: 2010
  8. By: Demirguc-Kunt, Asli; Peria, Maria Soledad Martinez
    Abstract: This paper proposes a framework to analyze competition in the banking sector using Jordan as an example. In particular, the paper pursues a multi-pronged approach to analyze competition including (i) an examination of the extent to which the market is contestable (that is, has low barriers to bank entry and exit), (b) an evaluation of the behavior of bank spreads, and (iii) an assessment of non-structural and direct measures of bank competition such as the H-statistic and the Lerner Index. This approach provides a more comprehensive framework to examine competition in the banking sector, compared with the commonly used alternative of looking only at bank concentration figures. In the case of Jordan, the analysis indicates that although concentration has declined, competition in the country is low and has decreased over time.
    Keywords: Banks&Banking Reform,Emerging Markets,Access to Finance,Debt Markets,Markets and Market Access
    Date: 2010–12–01
  9. By: Baris Cinar; Omer Erdogan; Tugrul Gurgur; Tandogan Polat
    Date: 2010

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