One of the most pressing issues facing developing economies is how to provide expansion capital for existing businesses. However, this issue is more pressing in China, where private enterprises suffer significant financial constraints from capital market limitations. Therefore, the significance...

The analysis in this paper helps understand the progress in reforms and development of the private sector in the Middle East and North Africa. It shows the critical role played by the State-private sector relations in determining the progress of reforms and their impact on private sector...

During the 1980s and the 1990s, private investment in the Middle East and North Africa (MENA) has on average shown a decreasing or stagnant trend. This contrasts with the situation of the Asian economies, where private investment has always been more dynamic. In this paper, it is empirically...

Despite recent gains, the development challenges of the Middle East and North Africa (MENA) region remain formidable. Job creation remains the most important one given the magnitude of its demographic transition and the seventy million people that are expected to seek employment opportunities in...

This paper investigates the link between private investment decisions and various governance institutions in the form of corruption, quality of bureaucracy, judiciary, security of property rights, regulations and taxation, political stability, as well as political rights and civil liberties....

By using data from 8 depository institutions in Turkey we evaluate the drivers of securitization between 2004 and 2009. Our analysis shows that previous period securitization as well as bank equity, level of profits and asset size are important factors in a bank’s decision to securitize its...