Purpose - This paper aims to explore the extreme effect of crude oil price fluctuations and its volatility on the economic growth of Middle East and North Africa (MENA) countries. It also investigates the asymmetric and dynamic relationship between oil price and economic growth. Further, a...

Purpose The purpose of this paper is to explore the effect of monetary policy on bank risk in the banking system in some MENA countries. It explores how some economic and credit indicators affect the level of risk in the banking sector. It combines many factors that could affect banks' risk...

We present new and rigorous mechanisms - a major weakness of the extant literature till date - to study spatiotemporal dynamic spillover effects of democratic shocks on cross-country economic growth in general and in Arab Spring, in particular. As a centrality of our research, we investigate how...

This paper empirically investigates the relationship between corruption, political instability and economic growth. We first show how these variables interact by allowing for bidirectional causality between each two of the three variables for which we employ a panel VAR model on a dataset of 140...

We investigate the joint dynamics of oil prices, financial liquidity and geopolitical risk, within a multi-country global vector-autoregressive (GVAR) model. We find that low oil prices are expected to trigger higher levels of geopolitical risk, and that decelerating financial liquidity serves...

The literature on economic determinants of democratization has identified most importantly the effects of economic development and income distribution. In this regard, Egypt had exhibited higher average incomes and declining inequality between 1999 and 2012. However, by 2015, the level of income...

This paper aims to provide an empirical investigation of the climate-growth joint dynamics considering exogenous shocks such as the COVID-19 in the Middle East and North Africa (MENA) region, with no presumptions imposed on the direction of causality. To quantify climate change, we use...

Using an original firm-level dataset and utilizing the incidence of the Egyptian uprising of 2011, this paper provides an empirical investigation of the effects of firms' political connections on employment growth in Egypt. We use the differences-in-differences (DiD) framework to compare...