In this paper, we develop a Bayesian framework for the empirical estimation of the parameters of one of the best known nonlinear models of the business cycle: The Marx-inspired model of a growth cycle introduced by R. M. ...

The postwar business cycle in Lebanon was dominated by the exchange rate based stabilization (ERBS) program implemented by the successive postwar governments. In the early period 1993–2002, a boom-bust dynamics was generated ...

In this paper two models of speculative markets are developed to study the effects of feedback mechanisms in financial markets. In the first model, a crash market model couples a linear chartist–fundamentalist model with ...

In this paper we present a Kaleckian-type model of a business cycle based on a nonlinear delay differential equation. A numerical algorithm based on a decomposition scheme is implemented for the approximate solution of the ...

Purpose Employment and skill mismatch among youth constitute a major obstacle for access to the job market in the Middle East and North African region. The purpose of this paper is to explore factors explaining employment ...

This paper shows that foreign aid in postwar Lebanon passed through two phases with distinct features that have had far reaching implications for postwar development. In the first phase lasting from 1992-97, foreign aid ...

This article examines the drivers of youth irregular migration in the Middle East and North Africa region. A multinomial logit model is implemented to test the effect of labor market and institutional characteristics on ...