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on MENA - Middle East and North Africa |
| 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 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:49496&r=ara |
| 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 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:51122&r=ara |
| 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 |
| URL: | http://d.repec.org/n?u=RePEc:diw:diwwpp:dp1332&r=ara |
| 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 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:51225&r=ara |