Eman Selim - Academia.edu (original) (raw)
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التجارة والتمويل
The purpose of the paper is to examine the monetary approach to the balance of payments adjustmen... more The purpose of the paper is to examine the monetary approach to the balance of payments adjustment in Egypt. Specifically, the paper first investigates the impact of monetary policy variables; money supply, discount rate and two other variables exchange rate and income on the balance of payments adjustment during the period 1980-2021. During that period Egypt launched several economic reform programs and was hit by three shocks: the Global Financial Crisis 2007-2008, the Egyp an Uprising 2011, and the Covid-19 pandemic 2020-to the present. The second purpose of the paper is to investigate the impact of Covid-19 outbreak on the Egyptian balance of payments using a dummy variable. The study uses the Autoregression Distributed Lag ARDL Bound test for cointegration introduced by Pesaran, Shin and Smith (2001). The balance of payments is expressed as a function of its lagged values and in the current and lagged values of the explanatory variables. The paper uses the Error Correction model ECM to examine the impact of the monetary policy transmissions on the balance of payments in the long run and in the short run. The Augmented Dickey Fuller test is used to determine the degree of integration.
Page 1. The Impact of Exogenous Shocks on the Egyptian Economy And Policy Responses Eman Selim1 J... more Page 1. The Impact of Exogenous Shocks on the Egyptian Economy And Policy Responses Eman Selim1 January 03, 2008 Draft Abstract This paper attempts to estimate the impact of exogenous economic shocks on the economic performance in the last three decades. ...
The purpose of the paper is to examine whether the Kuznets hypothesis of the inverted U-shape rel... more The purpose of the paper is to examine whether the Kuznets hypothesis of the inverted U-shape relationship between the level of income inequality and the level of gross domestic product per capita GDP per capita is also applicable on the relationship between gender inequality and the level of GDP per capita. The paper assumes that government intervention in the early stage of economic development is essential to reduce income inequality. The paper also assumes that government intervention and public goods provision help to narrow the gender gap in education and health but not in employment and income. The paper looks for the evidence of Kuznets ‘hypothesis for gender inequality by examining the level of gender inequality in single countries over time and by looking at single points in time in a cross-section of countries with different level of income and economic development.
For decades, the entrepreneur was considered the” invisible man”. The role of entrepreneurship wa... more For decades, the entrepreneur was considered the” invisible man”. The role of entrepreneurship was ignored in economic literature until the 20th century and in economic growth and development models until the early the 1990s. Since then, the role of entrepreneur is included in different branches of economics. The purpose of this paper is to review the role of the entrepreneurs and entrepreneurship in economic growth and development models. After being considered an invisible man in the economics literature, Schumpeter 1911, 1934 considered economic development as a dynamic process that disturbs the closed circular flow of the economic system. Schumpeter considered the entrepreneur as an innovator who plays a fundamental role in the process of economic development. However, few attempts have been made to include entrepreneurship in neoclassical and general equilibrium growth and development models due to the assumptions of perfect competition, static market equilibrium and perfect ...
التجارة والتمويل
The purpose of the paper is to examine the monetary approach to the balance of payments adjustmen... more The purpose of the paper is to examine the monetary approach to the balance of payments adjustment in Egypt. Specifically, the paper first investigates the impact of monetary policy variables; money supply, discount rate and two other variables exchange rate and income on the balance of payments adjustment during the period 1980-2021. During that period Egypt launched several economic reform programs and was hit by three shocks: the Global Financial Crisis 2007-2008, the Egyp an Uprising 2011, and the Covid-19 pandemic 2020-to the present. The second purpose of the paper is to investigate the impact of Covid-19 outbreak on the Egyptian balance of payments using a dummy variable. The study uses the Autoregression Distributed Lag ARDL Bound test for cointegration introduced by Pesaran, Shin and Smith (2001). The balance of payments is expressed as a function of its lagged values and in the current and lagged values of the explanatory variables. The paper uses the Error Correction model ECM to examine the impact of the monetary policy transmissions on the balance of payments in the long run and in the short run. The Augmented Dickey Fuller test is used to determine the degree of integration.
Page 1. The Impact of Exogenous Shocks on the Egyptian Economy And Policy Responses Eman Selim1 J... more Page 1. The Impact of Exogenous Shocks on the Egyptian Economy And Policy Responses Eman Selim1 January 03, 2008 Draft Abstract This paper attempts to estimate the impact of exogenous economic shocks on the economic performance in the last three decades. ...
The purpose of the paper is to examine whether the Kuznets hypothesis of the inverted U-shape rel... more The purpose of the paper is to examine whether the Kuznets hypothesis of the inverted U-shape relationship between the level of income inequality and the level of gross domestic product per capita GDP per capita is also applicable on the relationship between gender inequality and the level of GDP per capita. The paper assumes that government intervention in the early stage of economic development is essential to reduce income inequality. The paper also assumes that government intervention and public goods provision help to narrow the gender gap in education and health but not in employment and income. The paper looks for the evidence of Kuznets ‘hypothesis for gender inequality by examining the level of gender inequality in single countries over time and by looking at single points in time in a cross-section of countries with different level of income and economic development.
For decades, the entrepreneur was considered the” invisible man”. The role of entrepreneurship wa... more For decades, the entrepreneur was considered the” invisible man”. The role of entrepreneurship was ignored in economic literature until the 20th century and in economic growth and development models until the early the 1990s. Since then, the role of entrepreneur is included in different branches of economics. The purpose of this paper is to review the role of the entrepreneurs and entrepreneurship in economic growth and development models. After being considered an invisible man in the economics literature, Schumpeter 1911, 1934 considered economic development as a dynamic process that disturbs the closed circular flow of the economic system. Schumpeter considered the entrepreneur as an innovator who plays a fundamental role in the process of economic development. However, few attempts have been made to include entrepreneurship in neoclassical and general equilibrium growth and development models due to the assumptions of perfect competition, static market equilibrium and perfect ...