Amany El-Anshasy | UAE University (original) (raw)

Papers by Amany El-Anshasy

Journal of Happiness Studies

Feminist economics and the World Bank: history, theory …, 2006

6 Engendering agricultural technology for Africa's farmers Promises and pitfalls Cheryl Doss... more 6 Engendering agricultural technology for Africa's farmers Promises and pitfalls Cheryl Doss Improved agricultural technologies are key to reducing poverty and increasing the standard of living in Africa. The logic behind this statement is straight-forward. A majority of Africans ...

Economic Analysis and Policy

Demography, 1989

This article provides theoretical reasoning and empirical evidence that international migration d... more This article provides theoretical reasoning and empirical evidence that international migration decisions are influenced by relative as well as absolute income considerations. Potential gains in absolute income through migration are likely to play an important role in households’ migration decisions, but international migration by household members who hold promise for success as labor migrants can also be an effective strategy to improve a household’s income position relative to others in the household’s reference group. The findings reported in this article provide empirical support for the hypothesis that relative deprivation plays a significant role in Mexico-to-U. S. migration decisions. The findings also suggest that this migration is an effective mechanism for achieving income gains in households that send migrants to the U.S. and that households wisely choose as migrants those of their members who are most likely to provide net income gains.

This chapter examines the long-run effects of oil revenue and its volatility on economic growth, ... more This chapter examines the long-run effects of oil revenue and its volatility on economic growth, as well as the role of institutions in this relationship. We collect annual and monthly data on 17 major oil producers between 1961 and 2013, and use the panel autoregressive distributed lag (ARDL) approach as well as its cross-sectionally augmented version (CS-ARDL) for estimation. Therefore, in contrast to earlier literature on the resource curse, we take into account all three key features of the panel: dynamics, heterogeneity, and cross-sectional dependence. The results suggest that: (i) oil revenue volatility has a significant negative effect on output growth; (ii) a higher growth rate of oil revenue significantly raises economic growth; and (iii) better fiscal policy can offset some of the negative effects of oil revenue volatility. We therefore argue that volatility in oil revenues combined with poor governmental responses to this volatility drives the resource curse paradox.

This paper examines the long-run effects of oil revenue and its volatility on economic growth as ... more This paper examines the long-run effects of oil revenue and its volatility on economic growth as well as the role of institutions in this relationship. We collect annual and monthly data on a sample of 17 major oil producers over the period , and use the standard panel autoregressive distributed lag (ARDL) approach as well as its cross-sectionally augmented version (CS-ARDL) for estimation. Therefore, in contrast to the earlier literature on the resource curse, we take into account all three key features of the panel: dynamics, heterogeneity and cross-sectional dependence. Our results suggest that (i) there is a significant negative effect of oil revenue volatility on output growth, (ii) higher growth rate of oil revenue significantly raises economic growth, and (iii) better fiscal policy (institutions) can offset some of the negative effects of oil revenue volatility. We therefore argue that volatility in oil revenues combined with poor governmental responses to this volatility dri...

A mortgage broker is an intermediary that brings a borrower and a creditor together to obtain a m... more A mortgage broker is an intermediary that brings a borrower and a creditor together to obtain a mortgage loan. The broker takes the application, performs a financial and credit evaluation, produces documents, and closes the loan. The creditor underwrites, funds, and may service the loan. Mortgage brokers play a major role in the mortgage market.

This paper investigates the effects of the highly volatile oil prices and the resulting fluctuati... more This paper investigates the effects of the highly volatile oil prices and the resulting fluctuations in government revenues on economic growth in oil-exporting countries. The evidence suggests that, oil price volatility does not seem to retard long run growth. In addition, after controlling for fiscal policy, higher oil prices have a fairly small long run positive effect on growth. In that sense, the resource rent is not a “curse” in itself. We find that fiscal policy is the main propagation mechanism that transmits the oil price shocks to the economy, and that seems to explain the differences in growth performance across oil exporters. JEL classification: 040; Q4; E62; C33.

Department of Economics The George Washington University Washington, DC 20052 August 4, 2005 A. I... more Department of Economics The George Washington University Washington, DC 20052 August 4, 2005 A. Introduction The sharp swings in its economic performance and oil prices in the last 40 years of the twentieth century make Venezuela a natural laboratory for investigating the relations hip among oil prices, government revenue, government spending, and economic performance in an oil exporting country. Casual observation of the various trends in real oil prices, GDP growth, investment and government revenue and spending would seem to suggest a close relationship among these variables . However, a more careful look shows the pattern of interaction among these variables is not tha t obvious. A number of researchers have attempted to assess the role that changing oil prices have played in determining investment, economic growth and government policies in Venezuela, with some differi ng conclusions. Bourguignon and Gelb (1988) suggest that the stagnation of the Venezuelan economy started afte...

Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute Working Papers, 2017

Empirical Economics, 2017

Although energy wealth rankings place the six Gulf Cooperation Council (GCC) countries among the ... more Although energy wealth rankings place the six Gulf Cooperation Council (GCC) countries among the richest in the world, these economies face unsustainable growth in energy use and continuous environmental degradation. This paper examines the long-run relationship between per capita \hbox {CO}_2$$CO2 emissions and energy intensity in the GCC, while controlling for economic activity, the size of the manufacturing sector, and institutional qualities. We use heterogeneous panel techniques that account for heterogeneity and cross-country dependence for the period 1971–2011. We find that energy intensity and emissions are cointegrated in all GCC countries and that conservation and energy efficiency policies have greater potential in reducing emissions in Kuwait, Oman, and the UAE. A regional goal of mitigating emissions by 10% would require a reduction in energy intensity by 12%, on average. Last, we find that judiciary independence is an essential institutional quality that ensures the successful implementation and the stringent enforcement of long-term environmental policies.

While the six Gulf Cooperation Council (GCC) countries are among the most energy-rich in the worl... more While the six Gulf Cooperation Council (GCC) countries are among the most energy-rich in the world, they face unsustainable growth in energy use and environmental degradation. This paper examines the long-run relationship between per capita CO2 emissions and energy intensity in the GCC, while controlling for economic activity, the size of the manufacturing sector, and differences in institutional qualities. We use heterogeneous panel techniques that account for cross-country dependence for the period 1971-2010. We find that energy intensity and emissions are cointegrated in all GCC countries and that conservation and energy efficiency policies have greater potential in reducing emissions in Kuwait, Oman, and the UAE. However, energy efficiency and conservation alone may not be viable policy options to significantly cutting emissions in the next decades. A regional goal of mitigating emissions by 10% would require a reduction in energy intensity by 12%, on average. Therefore, investi...

OPEC Energy Review, 2014

ABSTRACT I use panel unit root tests and panel error correction models to examine the effects of ... more ABSTRACT I use panel unit root tests and panel error correction models to examine the effects of oil windfall shocks and types of public spending on economic performance in 16 oil-producing countries over the period 1972–2008. Higher oil prices seem to reduce non-oil growth in the long run, but stimulate it in the short run. However, oil abundance may or may not become a ‘curse’ conditional on how the windfalls are managed. I find that the large windfalls of the 1970s and the 2000s have contributed to the slow long-run growth performance, after controlling for the composition of public spending. Public sector wages stimulated long-run non-oil growth in more oil-abundant economies; but had a negative effect in less oil-endowed countries. The large public investment programs were not effective in stimulating non-oil long-run growth; and the higher the dependency on oil, the lesser the contribution of new infrastructure investments to the non-oil sector's growth.

This study argues that government spending composition determines how oil abundance ultimately im... more This study argues that government spending composition determines how oil abundance ultimately impacts growth. Using dynamic panel-data GMM and PMG techniques on a panel of oil exporters, we find that the negative growth effect of oil price volatility is channeled through fiscal policy. In particular, revenue windfalls may impede growth through at least three channels: (i) weakening the domestic tax base, (ii) lowering the social return on new public capital, and (iii) intensifying political spending pressures resulting from the accumulation of surpluses. The main policy implication for oil-exporting countries is that it is imperative to use strict fiscal rules, backed by the appropriate political incentives, to insulate public spending from oil cycles. Investing the surplus (in sovereign wealth funds) or retiring public debt amid oil windfalls would alleviate competitive rent-seeking pressures and enhance the social gains from revenue booms.

Journal of Happiness Studies

Feminist economics and the World Bank: history, theory …, 2006

Economic Analysis and Policy

Demography, 1989

Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute Working Papers, 2017

Empirical Economics, 2017

OPEC Energy Review, 2014