Economic models

The first essay, entitled “Sectoral Adjustment Costs and Real Exchange Rate Dynamics in a Two-Sector Dependent Economy,” investigates dynamics of real exchange rates in a two-sector model with both capital accumulation and capital reallocation. Instead of choosing one of the ext…

There is a need for modeling livestock production and factor use incorporating the interlinked dynamics of breeding herd adjustments in a theoretically consistent manner. Therefore, a multiple input-multiple output theoretical model is developed based on the adjustment cost hypo…

Fueled by the successful introduction of the Euro in 1999, monetary integration has become an increasingly important phenomenon within the modern global economic era. The Gulf Cooperation Council (GCC) is no exception. While the six countries of the GCC, Bahrain, Kuwait, Oman, Q…

Islam is an ever-present reality in the political, economic and social life throughout the Arab-Islamic world. In this region, there exists a pervasive notion that Islam should be an integral part of all economic and political aspects of the state. At present, many nations acros…