nep-ara New Economics Papers
on MENA - Middle East and North Africa
Issue of 2013‒11‒09
four papers chosen by
Paul Makdissi
University of Ottawa

  1. Adult Education in Turkey: Stylized Facts, Determinants and Further Issues By Dinçer, N. Nergiz; Tekin-Koru, Ayça
  2. Are Output Fluctuations Transitory in the MENA Region By dogru, bulent
  3. The Transmission of Oil and Food Prices to Consumer Prices: Evidence for the MENA Countries By Ansgar Belke; Christian Dreger
  4. Funding structure, procyclicality and lending: Evidence from GCC banks By Ghosh, Saibal

  1. By: Dinçer, N. Nergiz; Tekin-Koru, Ayça
    Abstract: We provide a novel set of stylized facts on individuals engaging in adult education using the Adult Education Survey (AES) conducted by TurkStat for the first time. This way we provide the first evidence on the determinants of participation in adult education in a developing country, Turkey. Our results indicate that old, uneducated, workingwomen with uneducated fathers and with young children in the household are less likely to take part in adult education activities in Turkey. However, young, educated, workingmen living in rural areas are more likely to participate in adult education. We also find that past performance of the sector of employment, significantly and positively affects the odds for adult education. Finally, we repeated our analysis for different fields of adult education. Our results suggest that characteristics of men and women who take courses in the most popular fields of education vary.
    Keywords: Adult education, economic growth, Turkey
    JEL: I21 I24 I25
    Date: 2013–08
  2. By: dogru, bulent
    Abstract: This study analyzes the nonstationarity of per capita real GDP for 11 Middle East and North Asia (MENA) Countries over the period 1970 to 2012 using two recently developed methods. SURADF and CADF panel unit root tests allowing for cross sectional dependence are used to determine whether output fluctuations are permanent or transitory. Contrary to the traditional view of business cycle, we find econometric evidences supporting the idea that the output fluctuations in MENA region are mostly permanent. These results also emphasize that the effectiveness of stabilization policies aimed real output by government should be reviewed to achieve long-lasting results.
    Keywords: Panel unit root tests, MENA region, output fluctuations
    JEL: C13 C51
    Date: 2013–10–11
  3. By: Ansgar Belke; Christian Dreger
    Abstract: This paper investigates the effects of global oil and food price shocks to consumer prices in Middle East-North African (MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run, whereby the impact of food prices dominates. While global prices are weakly exogenous, consumer prices respond to deviations from the equilibrium relationship. The short run adjustment pattern exhibits asymmetries and is particularly strong after positive shocks. Downward rigidities on wages may play a crucial role in this regard, as the relatively weak reactions of consumer prices after negative shocks are related to labour market institutions and public subsidies. The more rigid the regulations the more pronounced are the asymmetries. Robustness checks show that international price shocks do not affect GDP growth.
    Keywords: Oil and food price transmission, asymmetric error correction, MENA region
    JEL: C22 E31 Q02
    Date: 2013
  4. By: Ghosh, Saibal
    Abstract: The paper examines whether banks’ funding structure amplifies procyclicality. Using data for GCC banks for the period 1996-2009, the evidence suggests that banks with higher wholesale dependence cut back lending by a greater amount. In addition, the procyclicality of the financial system and the crisis exacerbates the effect, although the results differ across bank ownership
    Keywords: Wholesale dependence; Bank lending; Procyclicality; Commercial banks; Islamic banks; Crisis; GCC countries
    JEL: G28
    Date: 2013–08

This nep-ara issue is ©2013 by Paul Makdissi. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.