In this paper, we examine the tourism sector in Maldives, focusing on tax revenue generation and long-run growth potential. We present a sectoral outlook for tourism and use time-series econometric techniques to estimate long-run tax base elasticities. We focus specifically on international...

In the growth process, financing is needed to fulfill the potential for growth. If there is an insufficiency, the potential is said to be underutilized. It is suggested that financial openness prevents the congestion when the real side of the economy is in need of finance. Therefore, the relief...

Inflation Targeting (IT) is a monetary policy in which keeping inflation as close as to the target level using policy tools is the main focus for many central banks. However, purely targeting inflation has the potential to reveal the drawback of the trade-off between inflation and output,...

Following the world financial crisis beginning in the last quarter of 2008, aggregate demand and commodity prices have declined sharply leading to a fast decline in world inflation. This different and new period reflects the rise in risk appetite leading to high fluctuations in the short term...

This paper examines the gender wage gaps along the wage distribution in Egypt using individual data from the labor market panel surveys 1998, 2006 and 2012 and a quantile regression approach. Results show that in average female's hourly wage is significantly less than that of males. While the...

Recently, it is observed that current account surplus in oil exporting countries have been rising with the help of peaking oil prices. Expansionary monetary policies of major central banks boosting the speculation on commodity prices, political turmoil in Middle East region which is called the...