Growth prospects in the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) are improving, in line with global trends, but conflict, fragility, and displacement remain persistent challenges. Regional GDP is projected to grow by 2.8% in…
The purpose of this paper is to investigate the impact of real exchange rate (RER) changes on the growth rate of the agriculture, industrial, services, and extractive sectors. To this end, a panel autoregressive distributed lag (ARDL) model, for 19…
This study attempts to assess the reaction of sectorial employment shares to real exchange rate (RER) changes in 19 emerging economies over the period 1992–2020. To this end, a panel autoregressive distributed lag (ARDL) model was used. First, our…
The European Union (EU) has long been Tunisia’s leading trade partner. Bilateral trade increased sharply after Tunisia and the EU signed an Association Agreement in 1995 aimed at creating a free trade area for goods, excluding agricultural and…