nep-ara New Economics Papers
on MENA - Middle East and North Africa
Issue of 2023‒03‒13
eight papers chosen by
Paul Makdissi
Université d’Ottawa

  1. Assessing Monetary Policy Shocks to Inflation: The Case of Morocco By Mohamed Er-Rahmany; Fouad Ben Elhaj
  2. The association between women’s economic participation and physical and/or sexual domestic violence against women: A case study for Turkey By Angela Greulich; Aurélien Dasré
  3. The social climate of the company and the motivation of the staff: Case of Colas Rail Morocco By Marwa Boujimal
  4. Contribution of the management control to the piloting of the financial performance through the methods of calculation of the costs: Case of the Moroccan banks By Lahoussine Elktiri; Lhassane Jaouhari
  5. Do Tunisian Risk to Go Towards a Second Revolution? Element of Response from Consumption Behavior By NEIFAR, MALIKA
  6. Seasonality of Short Term Rentals: Case Study from Airbnb in Istanbul By Omar Radwan Abdellah; Kerem Yavuz Arslanli
  7. Investigation of The Effect of Cds Premiums On Housing Prices in Turkey By Aybala Demir; Kerem Yavuz Arslanli
  8. Iraq: 2022 Article IV Consultation-Press Release; and Staff Report By International Monetary Fund

  1. By: Mohamed Er-Rahmany (LIREFIMO - Laboratoire Interdisciplinaire de Recherche en Economie, Finance et Management des Organisations - FSJES-Fès - Faculté des sciences Juridiques, Economiques et Sociales de Fès); Fouad Ben Elhaj
    Keywords: monetary policy, channels of transmission, structural VAR., : Politique monétaire, canaux de transmission, VAR structurel.
    Date: 2022–11–30
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03887638&r=ara
  2. By: Angela Greulich (CRIS - Centre de recherche sur les inégalités sociales (Sciences Po, CNRS) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique, IUF - Institut Universitaire de France - M.E.N.E.S.R. - Ministère de l'Education nationale, de l’Enseignement supérieur et de la Recherche); Aurélien Dasré (CRESPPA - Centre de recherches sociologiques et politiques de Paris - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)
    Abstract: We test in how far women's economic participation can be associated with physical and/or sexual domestic violence against women in Turkey, by mobilizing the Survey "National Research on Domestic Violence against Women in Turkey" (wave 2014). Several studies found that economically active women have a similar, if not a higher risk of experiencing domestic violence than inactive women in Turkey, as well as in other emerging countries. We challenge these findings for Turkey by distinguishing between formal and informal labor market activities as well as between women who do not work because their partner does not allow them to and women who are inactive for other reasons. To increase the control for endogeneity in this cross-sectional setting, we apply an IV-approach based on cluster averages. We find that, while overall employment for women cannot be associated with a lower risk of experiencing domestic violence for women in Turkey, those women who participate in the formal labor market and those women who contribute at least the same as their partner to household income are less exposed to physical and/or sexual domestic violence than their counterparts. Distinguishing between formal and informal employment is thus important when it comes to investigate the association between women's economic activity and domestic violence. This is especially the case in a country like Turkey, which currently undergoes important socioeconomic changes and where women in formal and informal employment have therefore very different socioeconomic backgrounds.
    Date: 2022–11–16
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03959678&r=ara
  3. By: Marwa Boujimal (UM5 - Université Mohammed V de Rabat [Agdal])
    Abstract: In the current context of globalization and hyper competition, it has become necessary to take into account the human capital in the orientations and strategies of the company. In this sense, it is extremely important to create a favorable, motivating and rewarding social climate. The factors of the social climate constitute, therefore, a major asset of attraction, The governance of human resources and an effective tool of acquisition, This article reports the results of a field study conducted on a population of 170 employees of Colas Rail Morocco considered as a leader in the construction and maintenance of transport infrastructure, these results from this empirical study constitute an exploratory test to know closely the state of mind of a population of employees in a sector in full movement. This study thus provides empirical evidence for the basic models of social climate theory, highlighting the impact of working conditions, internal communication, training and career management on human resource behavior and motivation, depending on how these factors are received, perceived and converted by employees. It should be noted that direct linkage models are not rich enough inside information to support the relationship between social climate factors and motivation, hence the need to consider other factors in future research.
    Abstract: Dans le contexte actuel de globalisation et d'hyper concurrence, il est devenu nécessaire de prendre en compte le capital humain dans les orientations et les stratégies de l'entreprise. Dans ce sens, il est d'une extrême importance de créer un climat social favorable, motivant et valorisant. Les facteurs du climat social constituent, de ce fait, un atout majeur d'attraction, de gouvernance des ressources humaines et un outil efficace d'acquisition. Cet article fait état des résultats d'une étude sur terrain effectué sur une population de 170 salariés de Colas Rail Maroc considéré comme un leader de la construction et de maintenance des infrastructures de transport, ces résultats issus de cette étude empirique constituent, un essai exploratoire pour connaître de près l'état d'esprit d'une population de salariés d'un secteur en plein mouvement. Cette étude fournit des preuves empiriques pour les modèles de base de la théorie du climat social, en mettant en évidence l'impact des conditions de travail, la communication interne, la formation et la gestion de carrière sur les comportements des ressources humaines et leur motivation, en fonction de la manière dont ces facteurs sont accueillis, perçus et convertis par les salariés. Il convient de noter que les modèles des liens directs ne sont pas suffisamment riches en matière d'informations pour justifier la relation entre les facteurs du climat social et la motivation, d'où la nécessité de prendre en compte d'autres facteurs dans les futures recherches.
    Keywords: Social Climate, Motivation, Independence test, Climat Social, Motivation au travail, Test d'indépendance Classification JEL : J24
    Date: 2022–11–30
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03886142&r=ara
  4. By: Lahoussine Elktiri (Université Ibn Zohr [Agadir]); Lhassane Jaouhari (Université Ibn Zohr [Agadir])
    Abstract: The banking activity is undergoing a strong evolution favored by a strong competition. It is characterized by organizational structures that favor coordination and the efficient circulation of information. The literature review leads to the following problematic: "To what extent does management control contribute through costing methods to the management of financial performance in Moroccan banks? Epistemologically, we have adopted a paradigm of positivism. The latter is developed through a mixed approach, an exploratory study using interview guides whose saturation threshold is obtained from 16 management controllers and the collected answers are processed by NVIVO, the aim is to contextualize the theoretical model, a quantitative study carried out with 110 management controllers in Moroccan conventional banks. First, through the SPSS software, a principal component analysis (PCA) is performed to validate the measurement scales, to redefine and adjust the theoretical conceptual research model. Secondly, an analysis by the method of structural equations PLS is applied for the modeling of the relationships between the different variables constituting the conceptual model. Based on the different tests established, it is concluded that the full cost method and the ABC method are management control tools contributing to the steering and improvement of the financial performance from which the two hypotheses are validated in the Moroccan banking context. The particularity of this sector, where information is important and confidential, is a limitation. Indeed, the perception of the employees towards the management controllers is an avenue for future research.
    Abstract: L'activité bancaire connait une forte évolution favorisée par une concurrence forte. Il se caractérise par des structures organisationnelles favorisant la coordination et la circulation efficace de l'information. La revue de littérature conduit à construire la problématique suivante : « Dans quelle mesure le contrôle de gestion contribue-t-il par le biais des méthodes de calcul des coûts au pilotage de la performance financière des banques marocaines ? ». Epistémologiquement, nous nous sommes inscrits dans un paradigme de positivisme aménagé. Ce dernier est développé à travers une approche mixte, une étude exploratoire à l'aide des guides d'entretien dont le seuil de saturation est obtenu auprès de 16 contrôleurs de gestion et les réponses collectées sont traitées par NVIVO, le but est de contextualiser le modèle théorique, une étude quantitative réalisée auprès de 110 contrôleurs de gestion au sein des banques conventionnelles marocaines. Premièrement, par le biais du logiciel SPSS, une analyse en composantes principales (ACP) est effectuée pour valider les échelles de mesure, de redéfinir et ajuter le modèle conceptuel théorique de recherche. Deuxièmement, une analyse par la méthode des équations structurelles PLS est applique pour la modélisation des relations entre les différentes variables constituant le modèle conceptuel. A l'interprétations sur la base des différents tests établis, il est conclu que la méthode des coûts complets et la méthode ABC sont des outils de contrôle de gestion contribuant au pilotage et à l'amélioration de la performance financière d'où les deux hypothèses sont validées dans le contexte bancaire marocain. La particularité de ce secteur dont l'information est importante et confidentielle constitue pour nus une limite. En effet, la perception des collaborateurs vis-à-vis des contrôleurs de gestion est une piste pour les futures recherches.
    Keywords: management control, full costs, ABC method, hidden costs, financial performance, conventional banks, contrôle de gestion, coûts complet, méthode ABC, coûts cachés, performance financière, banques conventionnelles
    Date: 2022–11–30
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03889559&r=ara
  5. By: NEIFAR, MALIKA
    Abstract: The present paper aims to explore the Keynesian consumption-income relationship using Tunisian yearly time series data for the period 1970 to 2019. As in some economies, consumption expenditure is the largest component of the Gross Domestic Product (GDP) of Tunisian economy. For empirical investigation, the NARDL specifications of (Shin et al., 2014), is used to show that output have asymmetric effects once we introduce nonlinearity in the long run as well as in the short run through partial sum concept. The estimated model provides strong evidence for long-run asymmetric co-integration relationship between consumption and GDP changes (expansion and depression). In the short-run, consumption-output relation is found to be significant only in period of expansion, while in the long-run, consumption-output relationship in both recession and expansion period is highly significant suggesting that each of the partial sum of GDP changes leads to an increase in Tunisian consumption. Then Tunisians make optimistic expectations and even in bad economic condition they do not reduce their consumption spending in the long-run. This paper attempt to add some fresh empirical evidence to the debate about consumption function. It contributes to the existing macro-economic literature in many ways. First, it investigates a new specification of Keynesian consumption equation by adding expansion and depression dynamic to the linear static model. Secondly, it analyzes the consumption function by using NARDL bound testing approach for co-integration between the consumption and its determinants. Thirdly, it reconsider the stability question of the consumption function in Tunisia over time. Before any politic towards alleviation of the compensation fund, Tunisian government has interest to create a stable political and economic climate to encourage new investments, increase exports, and reduce imports, and have to decide urgently the promotion of renewable energies production to face bad news of rising oil price and exchange rate fluctuations which are ones of the important causes of high inflation. Otherwise, Tunisian risk to go towards a second revolution
    Keywords: Tunisia, Consumption, GDP, Augmented Keynesian model, NARDL model
    JEL: C22 E12 E21
    Date: 2023–02–10
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:116283&r=ara
  6. By: Omar Radwan Abdellah; Kerem Yavuz Arslanli
    Abstract: The short-term rental market has grown rapidly over the last decade. Airbnb (and other online accommodation sharing platforms, which provide an online market that links people with each other as host and guest system) is attracting much interest, as it has implications for the real estate market worldwide. The impacts vary across the globe depending on the context. As Airbnb comes at the forefront of short rentals platforms in this market in Istanbul, Turkey Airbnb has the biggest share, which attracted many researchers trying to answer the generated and raised questions. Using scrapped data from Airbnb websites, this paper offers insights into Airbnb usage patterns and how they vary across different districts of Istanbul with different types of provided properties and how they correlate with asked prices. Seasonality has a significant effect in the real estate market as it directly affects supply and demand, so We used the number of reviews variable in the dataset as an indicator of the demand to study the seasonality pattern and how prices fluctuate over time to different reasons. The paper also explored the asked rent prices in the long-term leases using data from Emlak 360 and Endeksa websites and compared it to short-term rentals. This is continuing research that provides a map for the Istanbul dataset that will inspire and establish new aspects to academics and professionals in the Turkish market to further analyze how the market acts at certain times.
    Keywords: Airbnb; Istanbul; Residential Market; Short Term Rentals
    JEL: R3
    Date: 2022–01–01
    URL: http://d.repec.org/n?u=RePEc:arz:wpaper:2022_213&r=ara
  7. By: Aybala Demir; Kerem Yavuz Arslanli
    Abstract: The literature has shown that financial institutions and banks in countries give fewer loans due to the increases of financing costs with the increases in CDS premiums. As a result of this, a noticeable decrease in housing prices occurs. (Benbouzid, Mallick, & Pilbeam, 2018). In this context, this paper will examine which factors affect Turkey's CDS premium and how Turkey's CDS Premium affects housing prices. This article also covers the statistical relationship between global and local variables. In the studies carried out to determine the variables affecting Turkey's CDS premium, the volatility in CDS premium is more affected by global variables than local variables. However, it is thought that the higher volatility in premiums stems from political and economic problems. A VAR model will be established using a data sample from November 2010 to January 2022. Local variables are the housing price index, CDS premiums, growth rate, real effective exchange rate, stock and bond returns, interest rates, risk appetite, external debt balance, banking sector performance will be examined. Global variables, which are VIX, S&P 500, US bond market, global risk appetite, NASDAQ variables, will be examined.
    Keywords: CDS premiums; House Prices; Turkey; VAR model
    JEL: R3
    Date: 2022–01–01
    URL: http://d.repec.org/n?u=RePEc:arz:wpaper:2022_208&r=ara
  8. By: International Monetary Fund
    Abstract: Significant socio-economic fragilities continue to persist. The formation of a new government in October 2022 provides an opportunity to rekindle the reform momentum, which has been stalled for over a year amid political uncertainty. The economy has been gradually recovering, supported by strong oil revenues and accommodative policies. Inflation has been relatively contained as the pass-through from high global commodity prices has been muted by food and fuel subsidies. Despite fiscal and external current account surpluses, Iraq’s dependence on oil and vulnerability to future oil price volatility continued to increase.
    Date: 2023–02–03
    URL: http://d.repec.org/n?u=RePEc:imf:imfscr:2023/075&r=ara

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