Proceedings of the Middle East Economic Association



















2005 Proceedings of the Middle East Economic Association



Selected condensed papers presented in the 25th annual meeting of MEEA in conjunction with Allied Social Sciences Association in Philadelphia, PA, U.S.A., January 7-9, 2005

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 7, Middle East Economic Association and Loyola University Chicago, September, 2005.

ISSN: 2334-282X





























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

Research Associates
Matthew Davidson, Loyola University Chicago
Kathryn Sedlacko, Loyola University Chicago

Editorial Advisory Board for Volume 7
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 7

Oil Consumption and Microeconomic Policies: Evidence of Asymmetry in Developing Countries
by Magda E. Kandil and Ida A. Mirazaie
The International Monetary Fund, John Carroll University

General or Vocational: Evidence on School Choice and Returns from Egypt
by Fatma El-Hamidi
of Pittsburgh

Do Turkish Exports have a Comparative Advantage with Respect to the European Union Market, 1999-2000
by Guzin Erlat and Haluk Erlat
Middle East Technical Univerversity

Bank Runs in Emerging Market Countries: Turkey's Special Finance Houses
by Martha Starr and Rasim Yilmaz
American University
, Dumlupinar University

A Cross Section Estimate of Translog Production Function: Jordanian Manufacturing Industry

by Ali M. Khalil

Al-Ahliyya Amman University


Understanding Post-independence Visions of Economic Prosperity in Algeria through the Mirror of the Second Napoleonic Empire

by Kay Adamson

Glasgow Caledonian University, UK


Survey Results on Hunger and Food Insecurity in Yemen

by Nader Kabbani

American University of Beirut, Lebanon

How to Boost Private Investment in the MENA Countries: The Role of Economic Reforms

by Ahmet Aysan, Gaobo Pang and Marie-Ange Véganzonès -Varoudakis

University of Maryland

Université d´Auvergne, France


The Information Revolution and the Industrial Revolution: Today's Egypt in the Shadow of the Past - A Note

by Nagla Rizk

The American University in Cairo






























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ISSN: 2334-282X