Late 1990, Egypt witnessed major and radical changes in all areas of its national life— political, legal, economic and social—as a reflection of implementing an economic reform programme in order to achieve progress in its economic indicators. This paper aims to examine the extent to which...

In this paper we analyze the achievement of the countries with regard to financial liberalization. Financial liberalization brought many new challenges many of which remain as reforms continue to be implemented. These challenges relate to the way in which monetary policy is formulated and...

This paper empirically explores how fiscal policy - represented by changes in government spending- exerts asymmetric effects on economic growth in the context of a developing country, Egypt in particular. By allowing for the theoretical plausibility of asymmetric effects of fiscal policy on...

The relationship between foreign aid and the economic growth of developing countries is unquestionably an intricate one. While a newcomer to the topic might expect to find an obvious effect of aid on growth, the overwhelming majority of the literature in this field does not conclude its studies...