nep-ara New Economics Papers
on MENA - Middle East and North Africa
Issue of 2014‒10‒17
34 papers chosen by
Paul Makdissi
Université d’Ottawa
  1. AS AN ENERGY OPTIONS: WATER RESOURCES DEVELOPMENT IN TURKEY By Bulent Acma
  2. Monetary Policy Rules in Practice: Evidence from Turkey and Israel By Ege YAZGAN; Hakan YILMAZKUDAY
  3. Industrial Policy in an Open Economy: Structure and Competitive Power of Turkish Manufacturing Industry (1980-2011) By Leyla Baştav
  4. Trade Block of Quarterly Macroeconometric Model of Turkey By Mahmut GÜNAY; Cengiz CIHAN; Seref SAYGILI; Mesut SAYGILI; Azim ÖZDEMIER
  5. Urban Dynamics in Turkey By Alpay Filiztekin
  6. Impact of Agricultural Policy Reform on Regional Rural Poverty in Turkey By Onur KOSKA; Duygu ATHAN; Selim CAGATAY
  7. Does Trade Liberalization Cause a Long Run Economic Growth in Turkey? By UTKULU Utku; OZDEMIR Durmus
  8. Egypt in an Arab-African-Sandwich: Are GAFTA and COMESA to be Implemented? By Tamer AFIFI
  9. The Determinants of Internal Migration In Turkey By Ali GÖKHAN; Alpay FILIZTEKIN
  10. Party Preferences and Economic Voting in Turkey (Now That the Crisis is Over) By Cem BASLEVENT
  11. Determinants of Unemployment Duration for Men and Women in Turkey By Aysit TANSEL; H. Mehmet TASCI
  12. Impacts Of Agricultural Policies On Income And Income Distribution in Turkey: A Social Accounting Matrix Analysis By Metin TEKTAS
  13. Sectoral Energy Consumption by Source and Economic Growth: The Case of Turkey By Fatih Karanfil; Thomas Jobert
  14. "Relaxing the Financial Constraint: The Impact of Banking Sector Reform on Firm Performance - Emerging Market Evidence from Turkey" By Can ERBIL; Ferhan SALMAN
  15. Long run Equity Market Linkages in the Middle East and North Africa: in Search for Diversification Benefits By Thomas LAGOARDE-SEGOT; Brian M. LUCEY
  16. Testing the Hypothesis of Long-Run Money Neutrality in the Middle East By George B. TAWADROS
  17. Why Economic Growth Has Been Weak in Arab Countries: The Role of Exogenous Shocks, Economic Policy Failure and Institutional Defiencies By Peter NUNNENKAMP
  18. The Effect of the Global Financial Crisis on Migrant Workers among MENA Countries By Doaa Mohamed AYMAN; Doaa SALMAN
  19. Exchange Rate Volatility and Iran's Bilateral Imports from Turkey By Reza Mohammadpour; Hassan HEIDARI; Reza MOHAMMADPOUR; Vahid KAFILI
  20. Application of the Proportionality-Calibrated AIDS Model to Predicting Potential Welfare Effects of Mergers between Fertilizer Sellers as Part of the Turkish Privatization Program By DALKIR Serdar; KALKAN Ekrem
  21. Analysis of the Millennium Development Goals for Egypt - Using an Extended Economy Wide Simulation Model By Motaz KHORSHID; Hans LOFGREN; Ahmed KAMALY; Sohair ABOU EL-EENEIN
  22. Government Size Threshold and Economic Growth in Iran By Esmaiel ABOUNOORI; Younes NADEMI
  23. Impact of Information and Communication Technology on Economic Growth in Selected Islamic Countries By Mohammad Ali MORADI; Meysam KEBRYAEE
  24. A GARCH Model of Inflation and Inflation Uncertainty in Iran By Mohammad Ali MORADI
  25. An Alternative Markup Pricing and Protection Rate: Evidence From Wheat in Iran By Mohammad BAKHSHOODEH; M ZIBAEI
  26. Migration Impact on Moroccan Unemployment: a Static Computable General Equilibrium Analysis By Fida KARAM; Bernard DECALUWÉ
  27. An Evaluation Of Earnings Management : The Case Of Tunisian Companies By Sonia Sayari; Abdelwahed OMRI
  28. Review of Public Finance Management Reforms in the EU Mediterranean partners By Michaela DODINI
  29. Multilateral or RTA: The Case of Mediterranean Counties By Konstantinos MATTAS; Agapi SOMWARU; Efthimia TSAKIRIDOU
  30. Assessing Economic and Fiscal Reforms in Lebanon. A dynamic CGE Analysis with Debt Constraints By Beatriz GAITAN S.; Bernd LUCKE; Jacopo ZOTTI
  31. Impacts of the Euro-Tunisian Agreements of Free Exchange: Evaluation by a Computable General Equilibrium Model in 1996 By Haykel HADJ SALEM
  32. Welfare Effects of Food Desubsidization For Iranian Urban Households (The Index Number and Demand System Approach) By Aliakbar KHOSRAVINEJAD
  33. Modelling the Intra-metropolitan Location of Foreign Investment Firms in Istanbul By Sevkiye Sence Turk; Lale Berkoz
  34. The "twin Deficits", Are-they Really Twins? an Empirical Investigation in the Case of a Small Developing Economy By Wissem Ajili
  1. By: Bulent Acma
    Abstract: The use of renewable energy is expanding rapidly due to a combination of market and political forces. Government regulations, consumer demand, economics, and environmental and sustainability concerns are all driving forces in the expanding renewable energy market. As a result of accelerated development and implementation in the past few years, renewable energy has emerged from niche markets to become a mainstream player in the energy market. While renewable energy sources have generally been thought of as more environmentally benign than conventional resources, not all applications of renewable energy should be considered sustainable. Renewable energy options include wind, solar, biomass, biogas, geothermal, and water energy(hydroelectric/ocean)The objective of this paper is to describe water resources development as a major renewable energy and its role in the current energy situation in Turkey. First section, provides a brief overview of the major renewable energy resources that have the potential for market development in the next decade. Second section, analyses water resources potential of Turkey. Third section, gives legislative and institutional aspects of water sector in the Turkish Constitution. Fourth section, analyses participatory irrigation management activities and present status of water resources in Turkey. Finally, will be discussing about participatory irrigation management activities in Turkey.First section, provides a brief overview of the major renewable energy resources that have the potential for market development in the next decade. Second section, analyses water resources potential of Turkey. Third section, gives legislative and institutional aspects of water sector in the Turkish Constitution. Fourth section, analyses participatory irrigation management activities and present status of water resources in Turkey. Finally, will be discussing about participatory irrigation management activities in Turkey.
    Keywords: Turkey, Energy, Environmental and water issues
    Date: 2014–10–01
    URL: http://d.repec.org/n?u=RePEc:ekd:006666:7616&r=ara
  2. By: Ege YAZGAN; Hakan YILMAZKUDAY
    URL: http://d.repec.org/n?u=RePEc:ekd:003304:330400057&r=ara
  3. By: Leyla Baştav
    Abstract: TO EXAMİNE THE STRUCTURE AND COMPETİTİVE POWER OF TURKİSH INDUSTRİAL PRODUCTION DURING THE FINANCİAL LIBERALIZATION PERIOD AND BRINGING ALTERNATIVE POLICY ADVICE, REALIZING COMPARATIVE COUNTRY ASSESSMENTS Exanine theoretical framework for the industrialization policies in Neoclassical, Structural framework; examine the development of macroeconomic aggregates like saving, investment, output, industrial sectors, manufacturing,exports, imports, current account, trade deficit, capital flowsi reserves etc; examine successful country cases in industrialization, bringing in useful comparisons; bringing up basic traits of Turkish industry, bringing policy advice. Specifying the magnitude, structure of Turkish manufacturing industry, competitive structure of the various manufacturing exporting sectors. Useful contrasts with successful industrialization stories.
    Keywords: Turkey, Sectoral issues, Sectoral issues
    Date: 2014–10–01
    URL: http://d.repec.org/n?u=RePEc:ekd:006666:7600&r=ara
  4. By: Mahmut GÜNAY; Cengiz CIHAN; Seref SAYGILI; Mesut SAYGILI; Azim ÖZDEMIER
    URL: http://d.repec.org/n?u=RePEc:ekd:000238:23800048&r=ara
  5. By: Alpay Filiztekin
    URL: http://d.repec.org/n?u=RePEc:ekd:002836:283600028&r=ara
  6. By: Onur KOSKA; Duygu ATHAN; Selim CAGATAY
    URL: http://d.repec.org/n?u=RePEc:ekd:002841:284100025&r=ara
  7. By: UTKULU Utku; OZDEMIR Durmus
    URL: http://d.repec.org/n?u=RePEc:ekd:003307:330700147&r=ara
  8. By: Tamer AFIFI
    URL: http://d.repec.org/n?u=RePEc:ekd:003304:330400004&r=ara
  9. By: Ali GÖKHAN; Alpay FILIZTEKIN
    URL: http://d.repec.org/n?u=RePEc:ekd:000238:23800044&r=ara
  10. By: Cem BASLEVENT
    URL: http://d.repec.org/n?u=RePEc:ekd:003304:330400008&r=ara
  11. By: Aysit TANSEL; H. Mehmet TASCI
    URL: http://d.repec.org/n?u=RePEc:ekd:003304:330400055&r=ara
  12. By: Metin TEKTAS
    URL: http://d.repec.org/n?u=RePEc:ekd:000238:23800142&r=ara
  13. By: Fatih Karanfil; Thomas Jobert
    URL: http://d.repec.org/n?u=RePEc:ekd:000240:24000019&r=ara
  14. By: Can ERBIL; Ferhan SALMAN
    URL: http://d.repec.org/n?u=RePEc:ekd:000215:21500028&r=ara
  15. By: Thomas LAGOARDE-SEGOT; Brian M. LUCEY
    URL: http://d.repec.org/n?u=RePEc:ekd:003304:330400040&r=ara
  16. By: George B. TAWADROS
    URL: http://d.repec.org/n?u=RePEc:ekd:003304:330400056&r=ara
  17. By: Peter NUNNENKAMP
    URL: http://d.repec.org/n?u=RePEc:ekd:003304:330400047&r=ara
  18. By: Doaa Mohamed AYMAN; Doaa SALMAN
    URL: http://d.repec.org/n?u=RePEc:ekd:002596:259600014&r=ara
  19. By: Reza Mohammadpour; Hassan HEIDARI; Reza MOHAMMADPOUR; Vahid KAFILI
    Abstract: To explain the impact of exchange rate volatility on international trade flows many empirical studies have investigated. Most empirical findings, which are primarily concerned with exports, confirm that an increase in exchange rate volatility tends to generate uncertainty which may have a negative impact on trade flows. The current study tends to estimate the impact of exchange rate volatility on demand for bilateral imports for Iran, using bilateral import data from selected external source of Iran. Although the effectiveness of import policy depends on the magnitude of each country’s import elasticity with respect to income, price, exchange rate and volatility of exchange rate, the current policies might not be more effective unless they meet import elasticity of particular trading partner countries. Hence, the main objective of this study is to offer that different policies should be implemented for trading partners instead of a single trade policy to improve trade balance. For policy perspective, it is important because trade policies based on aggregate import elasticity might be deceptive, if bilateral import elasticity is different from those of aggregate import demand model. (Alam and Ahmad, 2011) There have been numerous studies carried out across the globe focusing on the relationship between exchange rate volatility and bilateral import. To the best of our knowledge, there is not any study investigating the relationship between exchange rate volatility and bilateral import for Iranian economy. The objective of the present study is to investigate the effect of exchange rate volatility on Iran’s bilateral import from her selected trading partner country, Turkey, during 2003Q1 to 2012Q4. The selection of the country is justified by the fact that Iran’s imports from this neighbor country is increasing and Turkey is one of Iran's major trading partner countries. On the other hand, these two countries are planning to come up 30 billion dollars in their bilateral trade up to 2015. The reason for sample period started from 2003Q1 is approval of equalization in exchange rate. The present empirical study differs from previous research for Iran in various dimensions. We employ ARDL approach to detect short-run and long-run impact of exchange rate volatility on aggregate demand for imports. The paper uses real effective exchange rate to construct the measure of exchange rate volatility. We also apply GARCH process for estimating volatility of real effective exchange rate. Our results show that income elasticity is significant and exchange rate volatility is negative and statistically significant for Iran’s bilateral import from Turkey in long run.Our data set covers the period from 2003Q1 to 2012Q4. The Data series of bilateral imports were taken for selected importing country of Iran namely Turkey which were collected from the IMF's Direction of Trade Statistics (DOTS). Gross domestic product, consumer price index, unit value index of import and real effective exchange rate for Iran were compiled from the IMF's International Financial Statistics (IFS). All real values are measured on base of year 2005 and all of the series are transformed into natural log form. Log transformation can trim down the problem of heteroskedasticity (Gujarati, 2003). The impact of volatility in the exchange rate on Iran's bilateral imports from selected source is estimated by using the ARDL approach. This paper does not include all dimensions of dynamic relationships between Iran's bilateral imports and real effective exchange rate volatility but limited to the following variables: Dependent variable • Real bilateral imports is a ratio calculated by dividing the bilateral import over unit value index of import. Independent variables • Real gross domestic product is the ratio of nominal gross domestic product to consumer price index. Expected sign for this variable is positive, because an increase in real income, increases domestic demand for import. • Relative price of imports is a ratio calculated by dividing the unit value index of import over consumer price index. It is expected to find a negative relationship between real bilateral imports and relative price of imports. • Real effective exchange rate measures the changes in the competitiveness of a country by taking into account the changes in the relative prices between the countries involved. (Pelinescu and Caraiani, 2006). This index is expected to have a positive relationship with real bilateral imports. • Real effective exchange rate volatility is a measure that intends to capture the risk faced by traders due to unpredictable fluctuations in the exchange rate. The study used GARCH models for this variable. The effect of this variable on the import demand depends on whether the trader is risk-neutral or risk-adverse.The dynamic relationship between bilateral import demand for Iran and exchange rate volatility as well as some important explanatory variables with Turkey has been examined by applying the ARDL approach, suggesting a long-run relationship among selected explanatory variables over the sample period for Iran’s bilateral imports from Turkey. The income elasticity of imports is positive and significant which indicates that as real income growth occurs in Iran, it demands more imports from Turkey. The result also shows that relative price elasticity for bilateral imports significantly and negatively affects bilateral imports from Turkey, suggesting that import of goods decrease by increasing import price. The present study also confirms that devaluation has significant contraction effect on Iran’s bilateral imports. The result further suggests that exchange rate volatility reduces the demand for Iran’s bilateral import from selected partner in the long run. This study concludes that short run disequilibrium converges very soon in the long-run. Finally, for policy makers, the present study suggests that a single trade policy is not too effective. Policy makers should make separate policies for neighbor trading partners, according to their trade relations with Iran and in the light of present analysis.
    Keywords: Iran, Trade issues, Other issues
    Date: 2014–10–01
    URL: http://d.repec.org/n?u=RePEc:ekd:006666:7660&r=ara
  20. By: DALKIR Serdar; KALKAN Ekrem
    URL: http://d.repec.org/n?u=RePEc:ekd:003307:330700039&r=ara
  21. By: Motaz KHORSHID; Hans LOFGREN; Ahmed KAMALY; Sohair ABOU EL-EENEIN
    URL: http://d.repec.org/n?u=RePEc:ekd:002596:259600091&r=ara
  22. By: Esmaiel ABOUNOORI; Younes NADEMI
    URL: http://d.repec.org/n?u=RePEc:ekd:002596:259600001&r=ara
  23. By: Mohammad Ali MORADI; Meysam KEBRYAEE
    URL: http://d.repec.org/n?u=RePEc:ekd:000215:21500068&r=ara
  24. By: Mohammad Ali MORADI
    URL: http://d.repec.org/n?u=RePEc:ekd:000238:23800092&r=ara
  25. By: Mohammad BAKHSHOODEH; M ZIBAEI
    URL: http://d.repec.org/n?u=RePEc:ekd:003306:330600012&r=ara
  26. By: Fida KARAM; Bernard DECALUWÉ
    URL: http://d.repec.org/n?u=RePEc:ekd:000238:23800058&r=ara
  27. By: Sonia Sayari; Abdelwahed OMRI
    URL: http://d.repec.org/n?u=RePEc:ekd:002721:272100079&r=ara
  28. By: Michaela DODINI
    URL: http://d.repec.org/n?u=RePEc:ekd:003304:330400022&r=ara
  29. By: Konstantinos MATTAS; Agapi SOMWARU; Efthimia TSAKIRIDOU
    URL: http://d.repec.org/n?u=RePEc:ekd:003304:330400042&r=ara
  30. By: Beatriz GAITAN S.; Bernd LUCKE; Jacopo ZOTTI
    URL: http://d.repec.org/n?u=RePEc:ekd:003304:330400030&r=ara
  31. By: Haykel HADJ SALEM
    URL: http://d.repec.org/n?u=RePEc:ekd:003306:330600062&r=ara
  32. By: Aliakbar KHOSRAVINEJAD
    URL: http://d.repec.org/n?u=RePEc:ekd:000238:23800063&r=ara
  33. By: Sevkiye Sence Turk; Lale Berkoz
    URL: http://d.repec.org/n?u=RePEc:ekd:002836:283600095&r=ara
  34. By: Wissem Ajili
    URL: http://d.repec.org/n?u=RePEc:ekd:002721:272100002&r=ara
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