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on MENA - Middle East and North Africa |
| By: | Mr. Adrian Alter; Bashar Hlayhel; Thomas Kroen; Thomas Piontek |
| Abstract: | This paper assesses the state and resilience of corporate and banking sectors in the Middle East and North Africa (MENA) in a “higher-for-longer” interest rate environment using granular micro data to conduct the first cross-country corporate and banking sector stress tests for the MENA region. The results suggest that corporate sector debt at risk may increase sizably from 12 to 30 percent of total corporate debt. Banking systems would be broadly resilient in an adverse scenario featuring higher interest rates, corporate sector stress, and rising liquidity pressures with Tier-1 capital ratios declining by 2.3 percentage points in the Gulf Cooperation Council (GCC) countries and 4.0 percentage points in non-GCC MENA countries. In the cross-section of banks, there are pockets of vulnerabilities as banks with higher ex-ante vulnerabilities and state-owned banks suffer greater losses. While manageable, the capital losses in the adverse scenario could limit lending and adversely impact growth. |
| Keywords: | Bank capital; stress testing; financial stability; zombie credit |
| Date: | 2024–04–05 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:2024/080&r=ara |
| By: | Abdelkhalek Touhami; Dorothée Boccanfuso |
| Abstract: | The targeting of public policies, particularly those related to the reform of the social protection system in Morocco, is a major challenge, especially in assessing the impact of these measures on multidimensional poverty. By developing two targeting methods to approach the impact of the reform of the social protection system in Morocco on multidimensional poverty as measured by the Multidimensional Poverty Index (MPI), we show that the three simulated reforms on education and health, reduce the multidimensional poverty measures, regardless of the approach used, especially when the measures put in place are moderate. |
| Date: | 2023–06 |
| URL: | http://d.repec.org/n?u=RePEc:ocp:ppaper:pb26-23&r=ara |
| By: | Mohsine Koross (ENCGT - Ecole Nationale de Commerce et de Gestion de Tanger - UAE - Abdelmalek Essaadi University [Tétouan] = Université Abdelmalek Essaadi [Tétouan]); Badr Abouzaid (ENCGT - Ecole Nationale de Commerce et de Gestion de Tanger - UAE - Abdelmalek Essaadi University [Tétouan] = Université Abdelmalek Essaadi [Tétouan]) |
| Abstract: | Abstract: In Morocco, certification ISO 9001;2015 is in high demand, so it is interesting to understand how different countries use these quality management systems to promote their success. From this perspective, a data survey was carried out regarding the number of companies certified by ISO 9001:2015 in Morocco and several countries, split into three groups according to their Gross Domestic Product (GDP) and Human Development Index (HDI). The first group consists of countries scoring some of the highest values in terms of GDP and HDI (respectively Switzerland, Germany, and Bulgaria); the second one consists of countries with low scores in their GDP and HDI (Ethiopia and Nigeria); and the third group lists countries with fair scores in both indexes (Morocco and Honduras). This comparative study may investigate how the level of development in Morocco and other countries influences the implementation and outcomes of ISO 9001:2015. Conclusions might address whether organizations in more developed regions exhibit better adherence to quality standards and whether these standards contribute differently to development across various regions. |
| Keywords: | Quality Management Systems, certification, ISO 9001V 2015, HDI, GDP Comparative Theoretical Study |
| Date: | 2024–04–10 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04540771&r=ara |
| By: | Mohamed EL HAMDAOUI (ENCGS - Ecole Nationale de Commerce et de Gestion de SETTAT); Oumaima SADKI; Samira RIFKI |
| Abstract: | This article presents an overview of the academic production of Moroccan scientific journals in management control. It provides a quantitative analysis of the evolution of research in this field and presents thematic trends and little-discussed themes that could be the subject of new articles. This work is based on articles published in management control in Moroccan scientific journals in management science indexed IMIST between 2019 and 2023 and shared on the portal of Moroccan scientific journals PRSM. In conclusion, our study shows a stable and weak evolution of publications in management control, a diversification of themes with a concentration on the notion of performance and an orientation towards information and communication systems and technologies. |
| Abstract: | Cet article présente un état des lieux de la production académique des revues scientifiques marocaines en contrôle de gestion. Il livre une analyse quantitative de l'évolution de la recherche dans ce domaine et expose les tendances thématiques et les thèmes peu abordés qui pourraient faire l'objet de nouveaux articles. Ce travail est basé sur les articles publiés en contrôle de gestion dans les revues scientifiques marocaines en science de gestion indexées IMIST entre 2019 et 2023 et partagés sur le portail des revues scientifiques marocaines PRSM. En conclusion, notre étude souligne une évolution stable et faible des publications en contrôle de gestion, une diversification des thématisations avec une concentration sur la notion de la performance et une orientation vers les systèmes et technologies d'information et de communication. |
| Keywords: | Management control – Scientific Research – IMIST - publications, African Scientific Journal, contrôle de gestion -recherches scientifiques -IMIST-publications Management control -Scientific Research -IMIST -publications |
| Date: | 2024 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04530695&r=ara |
| By: | Abderraouf Ben Ahmed Mtiraoui (MOFID-Université de Sousse); Abdelmonem Snoussi |
| Abstract: | The objective of this article is to theoretically shed light on the relationship between the quality of the environment, the institutional reality of corruption, and economic growth in the first instance. Secondly, we attempt to empirically study the direct and indirect effects of the institutional reality and environmental quality on economic growth in the MENA region before and during COVID-19 while applying simultaneous equations during the period (2018-2022). Among the main results found, the pandemic underscored the need for sustainable development and resilient environmental policies in the region. . |
| Abstract: | L'objectif de cet article est d'éclairer théoriquement la relation entre la qualité de l'environnement, la réalité institutionnelle de la corruption et la croissance économique en premier lieu. Deuxièmement, nous tentons d'étudier empiriquement les effets directs et indirects de la réalité institutionnelle et de la qualité de l'environnement sur la croissance économique dans la région MENA avant et pendant le COVID-19 tout en appliquant des équations simultanées au cours de la période (2018-2022). Parmi les principaux résultats constatés, la pandémie a souligné la nécessité d'un développement durable et de politiques environnementales résilientes dans la région. |
| Keywords: | Environment Quality, Institutional Reality, Economic Growth, Model simultaneous equations, COVID-19 |
| Date: | 2024–03 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04518757&r=ara |
| By: | Rim Berahab |
| Abstract: | The Carbon Border Adjustment Mechanism (CBAM) has emerged as an important policy tool in the European Union's (EU) efforts to combat climate change and prevent carbon leakage. By putting a price on carbon emissions embedded in certain goods imported into the EU, the CBAM has the potential to impact economies worldwide, including Morocco. This policy brief examines recent CBAM developments and assesses their implications for Morocco's economy and climate change efforts. It analyzes the challenges that the Moroccan economy may face, including implications for costs, competitiveness, compliance requirements, supply chain adjustments, and increased risk exposure. The brief also highlights the opportunities available to Morocco, and the importance of implementing targeted policies, strengthening the regulatory framework, promoting capacity-building initiatives, and fostering cooperation to navigate the CBAM transition period effectively. By understanding the complexities of CBAM and adopting proactive strategies, Morocco can position itself to capitalize on the opportunities and overcome the challenges presented by this transformative policy. |
| Date: | 2023–07 |
| URL: | http://d.repec.org/n?u=RePEc:ocp:ppaper:pb29-23&r=ara |
| By: | International Food Policy Research Institute; United Nations Development Programme |
| Abstract: | Analysis of a comprehensive survey of Sudanese rural households conducted from November 2023 to January 2024 by IFPRI and UNDP reveals significant socioeconomic impacts of the ongoing armed conflict on the Sudanese population, underscoring the need for immediate and targeted policy and programmatic interventions. The conflict has severely disrupted rural household incomes and exacerbated existing vulnerabilities related to their housing and access to infrastructure and services. Most households live in inadequate housing conditions, with disparities in access to water, electricity, and sanitation services posing additional challenges. Rural households’ low access to assets, including agricultural land, further complicates their livelihoods. The conflict, primarily concentrated in urban areas, particularly Khartoum, has triggered mass migration, with significant numbers relocating to states like Aj Jazirah and Gedaref. These migrants, often from relatively better-off backgrounds, face substantial income losses, necessitating basic needs support and enhanced provision of public services, particularly for the large families that are more likely to migrate. Agriculture, a critical sector for rural livelihoods, has been significantly affected across all states. Most households reported not cultivating land during the summer season of 2023 due to the conflict. The sharp reduction in the area of crops planted underscores the need for support for farming activities, particularly for smallholder households. The survey highlights extensive exposure to shocks among rural households, with personal shocks, such as illnesses among household members, being the most common. Natural and climatic shocks, although less prevalent, alongside conflict-related shocks, like theft and violence, emphasize the complex challenges faced by these communities. Market access and disruptions have further impacted rural households, with a considerable proportion of rural households unable to sell or buy goods, primarily due to high prices and sharp reductions in income for most households. These market challenges, coupled with the overall economic instability, necessitate interventions aimed at maintaining and improving market accessibility and functionality to promote recovery and resilience. The findings from the analysis of the survey data lend support to designing and implementing comprehensive strategies that address the immediate needs of displaced populations and other rural households affected by income losses and market disruptions. Enhancing public services, supporting livelihoods, building resilience through shock-responsive social protection systems, agricultural and economic interventions, and ensuring equitable access to resources and markets for all households, particularly those headed by women and vulnerable groups, are the principal policy recommendations that emerged from this analysis. This study of rural household livelihoods amid the armed conflict in Sudan provides a foundation for targeted interventions and policy reforms aimed at mitigating the conflict’s impacts and fostering long-term resilience and economic stability. |
| Keywords: | livelihoods; armed conflicts; household surveys; impact assessment; migration; resilience; food security; assets; market access; shock; Sudan; Africa; Northern Africa |
| Date: | 2024 |
| URL: | http://d.repec.org/n?u=RePEc:fpr:ifprwp:140797&r=ara |
| By: | Toptancî, Alî |
| Abstract: | Recently, there has been a significant increase in the number of international trade companies in the Kurdistan Region. This is crucial evidence that the Kurdistan Region can influence the world economy and politics. The economic integration between the Kurdistan Region and Eurozone countries is the result of international companies in the Kurdistan Region in Eurozone countries; investment, production, and trade show that the international division of labor and economic integration will be more robust between the Kurdistan Region and Eurozone countries and that this economic integration can be significant in world trade. The study will examine the economic integration between the Kurdistan Region, which has recently achieved significant agricultural production and export momentum, and the Eurozone countries. Accordingly, the study states that the agricultural products produced in the Kurdistan Region will be essential for both parties politically and economically and will provide many advantages as international trade companies established in the Kurdistan Region integrate with the Eurozone countries and enter the Eurozone markets. International economic research and analyses that have been conducted for a long time indicate that international trade companies in the Kurdistan Region will strongly impact the worldwide development of economic integration with Eurozone countries. |
| Keywords: | Kurdistan Region, Eurozone, Economic Integration, Customs Union, International Trade Companies. |
| JEL: | F02 F13 F15 F23 F43 F62 F63 |
| Date: | 2024 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:120573&r=ara |
| By: | Sabrine Emran |
| Abstract: | In the face of oil production cuts by Saudi Arabia and some OPEC members, the energy supply is shrinking again. This is in response to fears of an impending recession, higher inventories in some key countries, and an attempt to keep prices at a certain level. Turning to renewables is now essential to reduce dependence and increase resilience to energy insecurity, while non-renewable energy sources continue to show signs of unpredictability and harmful dependence. Economic outlooks vary from country to country. However, the link between energy demand and economic forecasts is stronger than ever. In this policy brief, we look at recent crude oil supply cuts, recession concerns and the outlook for renewable energy markets. In response to the different economic outlooks, a clear distinction is made between developing and developed countries, resulting in an energy demand that is more likely to come from countries such as China and India than from the major developed countries. |
| Date: | 2023–05 |
| URL: | http://d.repec.org/n?u=RePEc:ocp:ppaper:pb22-23&r=ara |