nep-isf New Economics Papers
on Islamic Finance
Issue of 2019‒03‒04
two papers chosen by

  1. Liberalism, Islam and the idea of Mankind By Hayat, Azmat; Mohd Shafiai, Mohammad Hakimi
  2. Did the Arab Spring Reduce MENA Countries' Growth? By Arayssi, Mahmoud; Fakih, Ali; Haimoun, Nathir

  1. By: Hayat, Azmat; Mohd Shafiai, Mohammad Hakimi
    Abstract: After the defeat of Marxism and the triumph in the war in Iraq, pundit in the global north labelled neoliberalism as the End of History and last form of mankind ideological evolution. It is believed that neoliberalism successfully satisfied all the previous ideological contradiction. In contrast, Muslims believe that besides others one of the prominent and unresolvable contradictions between Neoliberalism and Islam is the gnosis of humanity which the present study will undertake. In this paper using the methodology of library research we will explore how the liberal and Islamic economists conceptualize man in their analysis of human behaviour and the degree to which the concept of man has been universalized.
    Keywords: Humans, Homo-Economicus, Liberalism and Islam
    JEL: A10 B00 B5 B50 P3 P50 P59 Z19
    Date: 2018–10–16
  2. By: Arayssi, Mahmoud (Lebanese American University); Fakih, Ali (Lebanese American University); Haimoun, Nathir (University of Lethbridge)
    Abstract: This paper examines the economic ramifications of the recent political reconfigurations that the MENA region witnessed, commonly known as the Arab Spring, utilizing MENA countries data during period 2005-2016. Using the Arellano-Bond dynamic panel estimation, the paper estimates a growth model using the difference in the log of GDPC between periods t and t+1. Buttressed by sufficient empirical evidence, the paper's findings corroborate that the Arab Spring had been negatively associated with growth.
    Keywords: Arab Spring, growth, MENA countries, panel data
    JEL: G2 O16 P48 N25
    Date: 2019–02

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