Abstract: In light of the crises that occurred in East Asia, Eastern Europe and South America in recent years, this paper argues that the most realistic option for the majority of emerging and developing countries is to adopt a regime that entails substantial exchange rate flexibility, or a “floating” rate. The paper refutes the reasons […]
Abstract: Recognizing the bearing of taxation on the cost of capital and investment behavior, this paper attempts to measure the overall impact of business income taxation on domestic marginal investments in Egypt. The paper uses a computerized model developed by Dunn and Pellechio (1990) to measure the Marginal Effective Tax Rate (METR) on capital. The […]
Abstract: With increased globalization, accelerated technical change and the growing demand for higher quality modern products, many traditional small and medium sized enterprises (SME), in developing countries face closure or very difficult upgrading. Even modern SMEs in developed countries face very difficult competitive challenges in the emerging setting. This paper ultimate aim is to lay […]
Abstract: Rapid changes in the global economic environment have led to new challenges and opportunities for firms in the MENA region. In response to these developments, this paper briefly reviews how MENA countries have fared in the global economy and outlines the challenges and opportunities arising from these global changes. The paper starts by reviewing […]
Abstract: This paper is based on the premise that private sector development is of crucial importance to the future development of MENA countries. It demonstrates the degree to which various institutional constraints, in general, and impediments to dispute resolution, in particular, reduce the competitiveness of private firms in the MENA region by increasing transaction costs. […]
This edition of the Business Barometer reports the results of a stratified sample of 200 large manufacturing and construction firms. The survey covers their assessment of economic growth and the results of their operations in terms of their production, sales, inventories, prices, wages, employment and investment over the first six months of 2000. It also […]
Abstract: This paper adopts a comprehensive approach to assess the impact of foreign tourism on the Egyptian economy, which extends beyond their spending on hotels and restaurants. The study uses the economic impact analysis (EIA) methodology to trace direct and secondary effects of foreign tourists’ spending on output, value added, employment, and tax revenue. The […]
In the last six months of 1999, Egypt’s manufacturing sector showed an improvement in performance from the relatively stagnant years of 1998 and early 1999 Although industrial sales and production show a slight trend upwards, investment is not expected to rise in the next six months. This is due to the fact that producers must […]
Abstract: The Egyptian and Turkish governments are currently seeking to liberalize their regional trade and consolidate their power positions in the Middle East through the establishment of a free trade area. This proposal has triggered numerous questions that this paper attempts to discuss, namely: What is the Egyptian- Turkish free trade area expected to offer […]