Abstract: This paper examines the nexus between internal and external imbalances of the Egyptian economy by testing both the twin deficit hypothesis and the Feldstein-Horioka paradox. Using quarterly data (between 2002 and 2014) in order to capture the short term dynamics that might affect the Egyptian economy, a Granger causality test and an errorcorrection model […]
Introduction Education is the key to development of societies and the driver of its progress. Despite efforts by the state to implement reform-oriented educational policies, and the allocation of substantial resources to spending on education and developing government schools to accommodate the steady increase in classroom density, the government remains unable to provide an acceptable […]
This week’s issue of includes: Key Global and Regional Developments over the Past Week Eye on Egypt Special Analysis Developments in Financial and Commodity Markets in the Past Week
The construction sector is considered a key sector in the Egyptian economy and a main contributor to economic development, specifically in total employment. This paper examines the construction sector intersectoral linkages and contribution to economic growth. The purpose is to identify the effect of a boom in the construction sector (due to government stimulus packages […]
For the first time, an Egyptian Constitution (Egypt’s Constitution of 2014) specifically addresses women in both language and content, to the extent that it singles women out in four provisions. In addition, numerous articles of the Constitution reflect women’s rights, even though they address all. But laws still lack the gender perspective, whether at the […]
This paper examines cyclical characteristics of remittances and explores their counterbalancing and consumption-smoothing potential. First, it uses quarterly data to better reflect the short-term dynamics of consumption and remittances. Second, it uses different methodologies to examine whether the results are robust or not, namely OLS, VAR and SVAR. Third, to control for the endogeneity of […]
This study aims to provide legal solutions for the problem of indecisiveness by comparing the criminal liability of a civil servant with the civil responsibility of the board members of joint stock companies. Findings suggest that a legislation is needed to protect public officials and employees from being penalized for their decisions, provided that the […]
Overview: Smith and Marx formed the basis of 20th century economic theory. But Friedrich List stands as a colossus astride the 20th century, forming the basis of economic practice for all major powers until mid-century. In his introduction to this edition, Francis O’Beirne shows that the great economic clash has never been between capitalism and […]