Effective implementation of the privatization strategy of Saudi Arabia entails some challenges that need to be addressed carefully. A number of lingering issues related to the implementation of the privatization strategy of the Kingdom includes: valuation of public enterprises under imperfect...

To assess the elasticity of crude oil price to global factors related to supply of crude oil and the US dollar exchange rate, we employed nonlinear models including flexible least squares, and maximum likelihood estimator, in addition to OLS regression mode; using yearly data from 1965 to 2021....

This paper aims to analyze the dynamics of foreign exchange markets in a country facing political uncertainty that prompt capital outflow from the country. The economic environment under investigation is characterized by dual foreign exchange markets: a formal or official market for foreign...

This paper employs extreme downside risk measures to estimate the impact of the global financial crisis in 2008/2009 on equity markets in major oil producing Middle East countries. The results in the paper indicate the spillover effect of the global crisis varied from a country to another, but...

This paper employs Stochastic Frontier Analysis to estimate technical efficiency of major sugar producers in Sudan: Kenana sugar company and Sudan sugar company which owns Sennar, Assalaya, New Halfa, and Al-Genied plants. The production function of sugar output employs two inputs: capital, and...

In this paper time-varying beta estimates for five key sectors in Kuwait stock market explored. The results of the paper support evidence of time-varying beta coefficients for all sectors included in the study. This result invalidates the standard application of Capital Asset Pricing Model...

In this paper we set up a macroeconomic model designed to describe small open economy enduring political uncertainty arising from split of a country into two independent parts. The findings in the paper indicate, stabilization of asset markets in either country at the post-secession era depends...

This paper analyze volatility persistence in global prices of wheat, rice and corn using monthly price data for two sample periods, before and after the shock on global food commodity markets on November 2007. Our findings show evidence of structural change in price trend in the post-shock...

The primary aim of this paper to assess the output loss due to inefficient management of Sugar industry in Sudan. An industrial firm is scale inefficient if there is under utilization of production inputs. In this paper we employed nonparametric Data Envelopment Analysis (DEA) to estimate scale...