The Marshallian Macroeconomic Model in Zellner and Israilevich (2005) provides a novel way to examine sectoral dynamics through the introduction of a dynamic entry/exit equation in addition to the usual demand and supply functions found in models of this class. In this paper we examine the...

With the introduction of the monetary union and the single currency in the Gulf Cooperation Council by 2010, the prospective supernational monetary agency will conduct a single and indivisible monetary and exchange policy. Its policies will be based on the GCC-wide economic and financial...