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Annual Conference
ERF 15th Annual Conference - Equity and Economic Development
Cairo, Egypt
23 November 2008 - 25 November 2008

The 15th Annual Conference of the Economic Research Forum (ERF) was held in Cairo, Egypt from November 23 - 25, 2008. Like previous ERF annual conferences, the 15th Annual Conference provides a unique opportunity for researchers from the region to interact with one another and with international experts. It also provides a venue for the presentation of multiple research papers, both in the plenary and parallel sessions, followed by stimulating discussions and feedback. In addition, the conference features selected research projects and celebrates excellence in research.

The common theme of the plenary sessions was “Equity and Economic Development”. To accommodate various research interests, the parallel sessions, which are based on call for papers, covered the following 6 themes: macroeconomics, finance, labor and human development, international economics, microeconomics and institutional economics. The conference hosted more than 200 participants, and witnessed the presentation and discussion of more than 40 papers.  Under the theme of Equity and Economic Development, speakers in the plenary sessions addressed the following topics:

Plenary Session 1: Evolution and Determinants of Inequality
This plenary explored the evolution and determinants of inequality between and within countries. The speakers addressed such questions as: has inequality increased or decreased over time? What are the factors that have contributed to this outcome? Is it globalization, technological change or something else?

Plenary Session 2: Policies for Equitable Distribution of Income and Opportunity
This session explored the impact of various policies on equality of income and opportunity. It assessed the impact of such policies as fiscal policies, education, health, micro credit and safety net programs on the less fortune in society. It also derived lessons from accumulated experience thus far.

Plenary Session 3: The Political Economy of Equality and Inequality
This session explored the underlying political economy factors of equality and inequality. To this end, it addressed such questions as: what is the relationship between the distribution of power and the economic fortunes within society and globally? What are the dynamics of this relationship, possibly illustrated by the recent experience of Latin America? And what are the political factors that are likely to facilitate upward social mobility and global equality?


The parallel sessions covered the following themes:



Download Annual Conference Agenda


Presented Papers
Institutional Economics / Governance
The EU or National Reform Process: Does The Political Acceptability Depend on Alternative Financing Schemes?
Hasan Ersel and Fatih Özatay
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Determinants of Growth in Africa and Middle East: How to Implement Geographical Features and Institutional Factors?
Olivier Parent and Abdallah Zouache
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Moral Hazard, Corporate Governance, and Bank Failure: Evidence from The 2000- 2001 Turkish Crises
Canan Yildirim
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Recherche de Rente et Processus de Réformes Politiques et Institutionnelles dans le Monde Arabe : la Leçon Marocaine
Brahim El Morchid
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International Corporate Governance and Finance: Legal, Cultural and Political Explanations
Hamadi Matoussi and Maha Khemakhem Jardak
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Effect of Auditee Business Risk, Audit Risk and Auditor Business Risk on Auditor Auditee Negotiation Outcomes
Manel Sahnoun and Mohamed Zarai
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Cooperation Against Theft: A Test of Incentives for Water Management in Tunisia
Wided Mattoussi and Paul Seabright
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Centralization, Decentralization and Conflict in the Middle East and North Africa
Mehmet Tosun and Serdar Yilmaz
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Finance
Understanding Financial Structure of Non-listed Firms in MENA: Panel Data Approach Applied to Moroccan Firms
Lahcen Achy and Jawad El Otmani
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Properties, Linkages, and the Impact of Sanctions on the Tehran Stock Exchange
Sam R. Hakim and Manochehr Rashidian
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The Effect of Macro Economic Environment on Productive Performance in Turkish Banking
Ihsan Isik and Ali Darrat
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Efficience et Productivité des Banques Commerciales Marocaines: Approche non Paramétrique
Touhami Abdelkhalek and Sanae Solhi
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Tracking the Impact of Mergers and Acquisitions on the Efficiency of Commercial Banks in MENA Countries Using a Malmquist Index Based Approach
Said Gattoufi, Sameh Sakr and Mohammed Omran
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La Rentabilité des Banques et ses Déterminants : Cas du Maroc
Brahim Mansouri et Said Afroukh
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What Drives the Efficiency of Selected MENA Banks? A Meta-Frontier Analysis
Samy Ben Naceur, Hichem Ben-Khedhiri and Barbara Casu
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Asset Allocation with Liquidity-Adjusted Market Risk Modeling: Empirical Relevance to Emerging GCC Financial Markets
Mazin A. M. Al Janabi
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International Economics
EU-Tunisia Association Agreement Welfare Impact of Liberalizing Mode 4
Saoussen Ben Romdhane
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Does Trade Facilitation Matter in Bilateral Trade?
Chahir Zaki
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Trade and R&D Externalities: Impact on the Cost of Production of Tunisian Manufacturing Sector
Sofiane Ghali and Zouhour Karray
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The Role of Trade Policies in Economic Growth and Diversification in Kuwait
Mohammad Chemingui and Faten Jabsheh
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Trade and Job Reallocation: Evidence for Morocco
Novella Bottini and Michael Gasiorek
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The Effects of Exchange Rate Fluctuations on Exports: A Sectoral Analysis for Turkey
Nergiz Dincer and Magda Kandil
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Monetary Union Amongst Arab Gulf Cooperation Council (AGCC) Countries: Does the Symmetry of Shocks Extend to the Non-Oil Sector?
Rosmy Jean Louis, Faruk Balli and Mohamed Osman
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On the Optimality of the Maghreb Area: An Analysis of the Macroeconomic Shocks
Mohamed Ben Abdallah and Zouheir Bouchaddakh
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Labor and Human Development
Pathways to Marriage in Egypt: How Young Men’s Marriage Trajectories Are Constrained by their Labor Market Experiences
Christine Binzel and Ragui Assaad
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Unmet Need for the Utilization of Women’s Labor: Findings from Three Impoverished Communities in Outer Beirut, Lebanon
Marwan Khawaja, Rozzet Jurdi, Shireen Assaf, and Joumana Yeretzian
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Education-Occupation Mismatch and the Effect on Wages of Egyptian Workers
Fatma El-Hamidi
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Labor Market Transitions in Egypt: The Impact of the First Employment Status
Mona Amer and Véronique Simonnet
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Spatial Patterns and Geographic Determinants of Welfare and Poverty in Tunisia
Mohamed Ayadi and Mohamed Amara
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La Croissance Economique est-t-elle Pro Pauvre au Maroc ? Une Tentative D’explication par L’approche Monétaire et L’approche Non Monétaire
Abdelkader El Khider, Abdelhamid El Bouhadi and El Mustapha Kchirid
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Inter-generational Transmission of and Returns to Human Capital and Changes Therein over Time: Empirical Evidence from Egypt
Jeffrey Nugent and Mohamed Saleh
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Regional Pro-Poor Growth and Convergence in Tunisia, 1990-1995
Ghazi Boulila, Chaker Gabsi and Mohamed Trabelsi
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Family Planning and Rural Fertility Decline in Iran: A Study in Program Evaluation
Djavad Salehi-Isfahani, M. Jalal Abbasi-Shavazi and Meimanat Hosseini-Chavoshi
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The Impact of Schooling on the Timing of Marriage and Fertility: Evidence from a Change in Compulsory Schooling Law
Meltem Dayıoğlu Tayfur, Murat G. Kırdar and İsmet Koç
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Microeconomics and Sectoral Studies
A Microeconomic Analysis of the Poverty and Equity Implications of A Rise in Value Added Tax in Lebanon
Nisreen Salti and Jad Chabaan
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Innovation and R&D Investment of Tunisian Firms: A Two Regimes Model with Selectivity Correction
Zouhour Karray and Mohamed Kriaa
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Investigating Generic and Brand Name Pharmaceutical Market Shares and Prices in Tunisia
Ines Ayadi, Houssem Eddine Chebbi and Younes Boujelbene
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Entry, Exit, Resource Reallocation and Productivity Growth in the Tunisian Private Manufacturing Industries
Riadh Ben Jelili and Mohamed Goaied
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Productivity and Technical Efficiency in MENA Manufacturing Industry: The Role of the Business Environment
Tidiane Kinda, Patrick Plane and Marie-Ange Véganzonès-Varoudakis
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Sources of Structural Change and its Impact on Interdependence: An Input-Output Perspective for the Post-1980 Turkish Economy
Ebru Voyvoda
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Economic and Social Impacts of Groundwater Overdraft : The Case of Iran
Gholamreza Soltani and Mahmood Saboohi
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Impact of the adoption of Information and Communication Technologies on Firm Efficiency in the Tunisian Manufacturing Sector
Rim Mouelhi
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Knowledge Management Practices in the Business Context: A Focus on Complaint Management in the Banking Sector
Abdelfattah Triki and Samiha Mjahed
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Macroeconomics
Is there a Bank Lending Channel of Monetary Policy in Selected MENA Countries? A Comparative Analysis
Adel Boughrara and Samir Ghazouani
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Monetary Transmission Mechanisms and the Imperfection of the Banking System
Mongi Boughzala and Dhafer Saidane
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Optimal Monetary Policy for Postwar Iraq
Bedri Kamil Onur Tas and Selahattin Togay
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Exchange Rate Regime Choice and Currency Crises
Ahmet Atıl Aşıcı
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Regional Employment Growth and Spatial Dependencies in Algeria (1998 - 2005)
Yacine Belarbi and Abdallah Zouache
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Analyzing the Fiscal Process Under a Stochastic Environment: Evidence From Egypt
Amir Kia and Norman Gardner
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Does Globalization Undermine the Efficiency of Inflation Targeting
Fatih Özatay and Erdal Özmen and Gülbin Şahinbeyoğlu
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Irrational Exuberance on the Saudi Stock Exchange
Mahmoud Haddad and Sam R. Hakim
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