This paper extends the model of Fielding (1999), which is designed to explain changes in investment in South Africa during the Apartheid period, by allowing a role for indicators of political instability and political and civil rights, as measured by Fedderke et al. (1999). The conclusions based...

In this paper we modify the method of Blanchard and Quah (1989) in order to estimate a structural VAR model appropriate for a small open economy. In this way we identify shocks to output and prices in the members of the two monetary unions that make up the African CFA Franc Zone. The costs of...

In this paper we estimate a time-series model of the financial asset portfolio shares in Egypt, distinguishing between assets of varying degrees of liquidity and between domestic currency and foreign currency deposits. While financial liberalization and financial stability are found to have...

We explore the factors explaining cross-sectional variation in changes in international tourist arrivals into Israel during the Intifada. Much of the variation is attributable to identifiable socio-economic characteristics, providing evidence on what drives public sensitivity to violence around...

Presents a conceptual framework for measuring the impact of uncertainty on investment decisions in a developing country; this framework is applied to post-war investment in mining and manufacturing in South Africa.

The international community has a declared intention to protect civilians from deliberate violence in civil conflicts. The optimal type of foreign intervention and its optimal timing are likely to depend on the combat strategies of the belligerents. Weak belligerents unable to provide economic...

The authors analyse newly collected time-series data measuring the dimensions of violent political conflict in Egypt. Attention is focused on the interaction between politically motivated attacks by Islamists and the counter-insurgency measures used by the Egyptian government. Both insurgency...

Time-series data from Israel are used to investigate the dynamics of the causal links between the intensity of the Israeli–Palestinian conflict and capital flight. A number of dimensions of the conflict are considered, including Israeli and Palestinian fatalities, the incidence of Green...