Proceedings of the Middle East Economic Association



















2004 Proceedings of the Middle East Economic Association



Selected condensed papers presented in the 24th annual meeting of MEEA in conjunction with Allied Social Sciences Association in San Diego, U.S.A., January 3-5, 2004

Full papers can be requested from the authors.

























Copyright License Agreement

Presentation of the articles in the Topics in Middle Eastern and North African Economies was made possible by a limited license granted to Loyola University Chicago and Middle East Economics Association from the authors who have retained all copyrights in the articles. The articles in this volume shall be cited as follows: (authors/title)Topics in Middle Eastern and North African Economies, electronic journal, Volume 6, Middle East Economic Association and Loyola University Chicago, September, 2004.

ISSN: 2334-282X





























Editor and Publisher of Electronic Journal
E. Mine Cinar, Loyola University Chicago

Research Associates
Matthew Davidson, Loyola University Chicago
Sarah Stec, Loyola University Chicago

Editorial Advisory Board for Volume 6
Parvin Alizadeh, London Guildhall University
Sohrab Behdad, Denison University
Jacques Charmes, University of Versailles
Guzin Erlat, Middle East Technical University
Hadi Esfahani, University of Illinois, Urbana-Champaign
Hassan Hakimian, City University of London
Fatemeh Moghadam, Hofstra University
Jeffrey Nugent, University of Southern California
Edward Sayre, Agnes Scott College
Wassim Shahin, Lebanese American University

























































Contents - Volume 6

Business Cycles Characteristics of the Mediterranean Area Countries
by Marco Gallegati, Mauro Gallegati, Wolfgang Polasek
Polytechnical University of Marche, Institute for Advanced Studies

Oil Economics and Globalization: The Case of the GCC Countries
by Yousif Khalifa Al-Yousif
of Administration and Economics, United Arab Emirates University

Economic Conditions and Resistance to Occupation in the West Bank and Gaza Strip: There is a Causal Connection
by Basel A. Saleh
Kansas State University

Evaluating Financial Sector Development in the Middle East and North Africa: New Methodology and Some New Results
by Susan Creane, Rishi Goyal, Ahmed Mushfiq Mobarak, Randa Sab
IMF, IMF, The University of Colorado at Boulder and IMF

Relative Price Variability: The Case of Turkey 1994-2002
by Hande Kucuk and Burc Tuger

The Central Bank of Turkey

Euro Pricing of Crude Oil: An OPEC's Perspective
by Mohana Rajamanickam, Massood V. Samii, Arul Thirunavukkarasu
Southern New Hampshire University

E-Readiness Assessment of Small and Medium Enterprises in Egypt: A Micro Study
by Nagla Rizk
The American University in Cairo

Emerging Strains in GCC Labor Markets
by Ugo Fasano and Rishi Goyal

The International Monetary Fund
































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ISSN: 2334-282X