The Gulf Cooperation Council countries (GCC) have recently embarked in an energy subsidy reform following the drastic drop of international oil prices in 2014. The reform consists of increasing energy prices (fuel, electricity, gas) in order to…
Middle East and North Africa (MENA) countries have recently developed their renewable energy markets. However, their rate of investment in renewable energy remains small as compared to other regions in the world, despite their relative abundant…
On the basis of a monthly data relating to trade flows, nominal exchange rates and other economic variables and a VAR model framework, some impulse-response functions (IRFs) are estimated for three Oil-Importing Countries (OICs) of the MENA region.…