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on MENA - Middle East and North Africa |
| By: | Ghazouani, tarek |
| Abstract: | This study re-examines the long-run relationship among foreign direct investment (FDI), renewable energy consumption (RE) and economic growth (GDP) for 9 Middle East and North Africa (MENA) countries over the period 1990–2015 using a newly developed cointegration test by McNown et al. (2018), the bootstrap autoregressive distributed lag (ARDL) which allows us to generate critical values for ARDL tests that are valid and appropriate for the specific data sets used and allow for endogeneity and feedback that may exist among the variables. In the long run analysis, we found evidence of cointegraion: (i) for Algeria, Armenia, Mauritania, and Tunisia when GDP is the dependant variable; (ii) for Egypt, Iran, Israel, Tunisia and Turkey when FDI is the dependent variable; and (iii) only for Iran, Morocco, and Tunisia when RE is the dependent variable. The short run Granger-causality analysis reveals varied nature of direction of causality between all variables and that is different among countries. This confirms that uniform policy recommendation relating to the causality between these variables may not work for these selected MENA countries. |
| Keywords: | FDI; Renewable energy consumption; Economic growth; Bootstrap ARDL; MENA |
| JEL: | C15 F21 O11 Q43 |
| Date: | 2018–11–11 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:89975&r=ara |
| By: | Razin, Assaf |
| Abstract: | Large capital inflows are understandably viewed as dangerous in emerging markets living with memories of recent currency crises: in Israel foreign capital provided crucial funding for investment in the country's showcase technology sector. Israel is now solidly established as a high-tech powerhouse-a place where budding venture capitalists from emerging market countries flock to learn how to develop an innovation ecosystem. However, the domestic market alone is far too small and homegrown capital formation insufficient to foster that innovation. Globalization has been essential. The paper reviews the crucial role which globalization forces played Israel's transformation from low tech to high tech economy. Special emphasis is placed on foreign direct investment as a driver for the high-tech transformation. |
| Keywords: | high tech sector; productivity; venture capital |
| Date: | 2018–12 |
| URL: | http://d.repec.org/n?u=RePEc:cpr:ceprdp:13361&r=ara |
| By: | Malkawi, Bashar H. |
| Abstract: | In the area of dispute resolution, the U.S. FTAs with Arab countries share some commonalities. However, the US – JO FTA clearly differs from other U.S. FTAs with Arab countries. Areas of difference include treatment of perishable goods, appeal, panel report, and implementation of panel report. The dispute settlement mechanism in the US – JO FTA can be improved in several concrete ways. |
| Keywords: | Arab countries, Jordan, WTO, dispute settlement |
| JEL: | F15 |
| Date: | 2018–09–12 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:90524&r=ara |
| By: | Badran, Mona Farid |
| Abstract: | Digital platforms in developing countries are gaining momentum due to the increase in the apps economy that is taking place in these countries. This paper analyzes digital platforms in developing countries using a reference framework that identifies the following: definition, business models, platform enablers, and platform dynamics. The study applies this framework to Jumia Egypt and concludes with policy recommendations to promote digital platforms in developing countries. |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:itse18:184929&r=ara |
| By: | Yilmaz, Özgür Devrim |
| Abstract: | The study was conducted to find out the positive and/or negative effects that hotel employees may have upon hotel guests’ experiences during their stay. Using the critical incident technique (CIT), data were obtained from 105 guests (a total of 174 incidents) staying in two different 5-star hotels that have similar characteristics in terms of type, price, ownership and concept in Bodrum, Turkey. The incidents were primarily categorized as positive and negative and afterward the incidents from two categories were compared to each other in terms of three main process of hotel accommodation as check-in, accommodation and check-out. Despite the fact that most hotels currently place emphasis on employee-guest interactions –under the concept of service quality or customer satisfaction-, the findings revealed that there were still a number of negative incidents that caused customer dissatisfaction and managerial implications were needed in hotels to minimize negative incidents and maximize the positive ones. |
| Keywords: | Critical incidents; Hotel; Employee-guest interaction; Employee behavior; Customer satisfaction |
| JEL: | J24 L8 L83 O15 |
| Date: | 2018–03–07 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:90101&r=ara |
| By: | Alanoud Al-Maadid; Guglielmo Maria Caporale; Fabio Spagnolo; Nicola Spagnolo |
| Abstract: | This paper investigates the impact of business and political news on stock market returns in the Gulf Cooperation Council (GCC) countries. For this purpose, it employs a Markov switching model including a separate index for each of the two categories of news considered. The results indicate the importance of news as drivers of GCC stock returns, with business news playing a more substantial role; further, news released in the largest financial markets in the regions are found to have significant cross-border effects. |
| Keywords: | business news, GCC countries, Markov switching model, political news |
| JEL: | C32 F36 G15 |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:ces:ceswps:_7353&r=ara |
| By: | Ayachi, Ghoufrane |
| Abstract: | The State's accounting system must have an accrual accounting system in order to prepare financial statements that record changes in the heritage value, explain and reflect the way in which the state budget is managed both in revenue and expenditure and thus reflect the exact financial situation of the state at a given time. Once the accounting system of the State reflects the exact financial situation it can serve as a source of reliable and transparent financial information addressed, published and accessible to any interested person (citizen, politician, international financial institution ...). This article proposes to examine the impact of the adoption of IPSAS on Moroccan public finances. |
| Keywords: | Accrual Accounting, Public Finance, State Accounting, Public Sector, IPSAS. |
| JEL: | H60 H61 M40 M41 |
| Date: | 2018–11–14 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:90039&r=ara |
| By: | Zouabi, Oussama |
| Abstract: | This study analyzes the spatial location of agricultural production of both irrigated and non-irrigated plants in Tunisia in 2012. At the micro-spatial level, the results show that the location movements of agricultural production of irrigated and non-irrigated plants confirm the existence of a spatial dynamic between Tunisian governorates. Moreover, the findings of the global autocorrelation test provide evidence for the presence of a positive spatial autocorrelation between the considered variables. |
| Keywords: | Global autocorrelation test, Local autocorrelation test, non-irrigated plants, irrigated plants, Tunisia. |
| JEL: | C10 Q10 |
| Date: | 2018–12–14 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:90536&r=ara |