Rabah Arezki
Last Updated: April 28, 2013
Rabah Arezki is a Senior Economist at the IMF Research Department. During his career at the Fund, he worked in the IMF Institute and the African, Fiscal Affairs, Middle East and Central Asia Departments. He has written on natural resources, economic development, institutions, education and macro-finance. He has published widely in academic and other journals, including the Economic Journal, the Journal of International Economics, the Journal of Development Economics, the European Economic Review, and the American Journal of Agricultural Economics. He has also been cited in leading newspapers, including The Economist, Financial Times and The Wall Street Journal. He has co-edited two books entitled Beyond the Curse: Policies to Harness the Power of Natural Resources and Commodity Price Volatility and Inclusive Growth in Low-Income Countries both published by the International Monetary Fund. He is currently co-editing a special issue of the Journal of International Money and Finance entitled Understanding International Commodity Price Fluctuations.
Email: rarezki@imf.org
Personal WebPage: http://ideas.repec.org/e/par153.html
Fluent In: Arabic, French, Italian.
Education:
Visiting Scholar Economics Department Boston University
PhD Economics European University Institute
M.Sc. Statistics Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE)
M.A. Economics and M.Sc. Econometrics University of Pantheon-Sorbonne
Previous Experience:
Economist, CEPII, OFCE and CEPREMAP 1999-2000
Refereed Activities:
Journal of the European Economic Association, Journal of Applied Econometrics, Journal of Public Economics, European Economic Review, Journal of Economic Growth, Journal of Development Economics, World Bank Economic Review and World Development
Other Professional Positions:
Non-resident fellow at the Brookings Institution
Treasurer of the African Econometrics Society
Research Associate, OxCarre, Economics Department, University of Oxford, UK
Research Affiliate, CESifo Research Network, Munich, Germany
Research Fellow, Economic Research Forum, Cairo, Egypt
Resource Person (Project Evaluator), African Economic Research Consortium (AERC), Nairobi, Kenya
Research Fellow, Navarra Center for International Development (NCID), University of Navarra, Pamplona, Spain
IMF Books and Working Papers:
Commodity Price Volatility and Inclusive Growth in Low-Income Countries, October 24, 2012
Education Attainment in Public Administration Around the World: Evidence from a New Dataset, Working Paper No. 12/231, September 21, 2012
Structural Reforms, IMF Programs and Capacity Building: An Empirical Investigation, Working Paper No. 12/232, September 21, 2012
Resource Windfalls, Optimal Public Investment and Redistribution: The Role of Total Factor Productivity and Administrative Capacity, Working Paper No. 12/200, August 01, 2012
Commodity Prices and Exchange Rate Volatility: Lessons from South Africa’s Capital Account Liberalization, Working Paper No. 12/168, June 01, 2012
Natural Resources, Volatility, and Inclusive Growth: Perspectives from the Middle East and North Africa, Working Paper No. 12/111, May 01, 2012
Beyond the Curse: Policies to Harness the Power of Natural Resources, January 19, 2012
The Relative Volatility of Commodity Prices: A Reappraisal, Working Paper No. 11/279, December 01, 2011
Are There Spillover Effects from Munis?, Working Paper No. 11/290, December 01, 2011
What drives the global land rush?, Working Paper No. 11/251, November 01, 2011
Rainfall, Financial Development, and Remittances: Evidence from Sub-Saharan Africa, Working Paper No. 11/153, July 01, 2011
Resource Windfalls, Macroeconomic Stability and Growth: The Role of Political Institutions, Working Paper No. 11/142, June 01, 2011
Food Prices and Political Instability, Working Paper No. 11/62, March 01, 2011
Sovereign Rating News and Financial Markets Spillovers: Evidence from the European Debt Crisis, Working Paper No. 11/68, March 01, 2011
Commodity Windfalls, Polarization, and Net Foreign Assets: Panel Data Evidence on the Voracity Effect, Working Paper No. 10/209, September 01, 2010
Resource Windfalls and Emerging Market Sovereign Bond Spreads: The Role of Political Institutions, Working Paper No. 10/179, July 01, 2010
Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease, Working Paper No. 10/94, April 01, 2010
Development Accounting and the Rise of TFP, Working Paper No. 10/101, April 01, 2010
International Commodity Price Shocks, Democracy, and External Debt, Working Paper No. 10/53, March 01, 2010
Oil Rents, Corruption, and State Stability: Evidence From Panel Data Regressions, Working Paper No. 09/267, December 01, 2009
Tourism Specialization and Economic Development : Evidence from the UNESCO World Heritage List, Working Paper No. 09/176, August 01, 2009
An Alternative Explanation for the Resource Curse: The Income Effect Channel, Working Paper No. 09/112, May 01, 2009
Global Imbalances and Petrodollars, Working Paper No. 09/89, April 01, 2009
Can the Natural Resource Curse Be Turned Into a Blessing? The Role of Trade Policies and Institutions, Working Paper No. 07/55, March 01, 2007
The Composition of Capital Flows: Is South Africa Different?, Working Paper No. 05/40, March 01, 2005
Books
Articles
“Global Imbalances: Petrodollars in the Lead”, joint with Fuad Hasanov, World Economics
Degrees of Development joint with Marc Quintyn in Finance and Development, March 2013
"Spend or Send" joint with Arnaud Dupuy and Alan Gelb in Finance and Development, December 2012.
"The Global Land Rush" joint with Klaus Deininger and Harris Selod, in Finance and Development, March 2012.
“Less Volatile than Meets the Eye” joint with Daniel Lederman and Hongyan Zhao, in Finance and Development, December 2011.
“Municipal Fallout” joint with Bertrand Candelon and Amadou Sy in Finance and Development, September 2011.
“Bad News Spreads” joint with Bertrand Candelon and Amadou Sy in Finance and Development, December 2010.
“Debt and Democracy” joint with Markus Bruckner in Finance and Development, June 2010.
Publications in Refereed Journals
"Global Imbalances and Petrodollars" jointly with Fuad Hasanov, World Economy
“The Relative Volatility of Commodity Prices: A Reappraisal" joint Daniel Lederman and Hongyan Zhao, forthcoming in the American Journal of Agricultural Economics
“Resource Rents, Corruption and Democracy: Evidence from Sub-Saharan Countries” joint with Thorvaldur Gylfason, Journal of African Economies.
“What Drives the Global Land Rush?” joint with Harris Selod and Klaus Deininger, revise and resubmit at World Bank Economic Review
Development Accounting and the Rise of TFP (joint with Reda Cherif) revise and resubmit at Journal of Development Economics.
“Breaking the Prebisch-Singer Hypothesis Using Panel Data Stationarity Test” joint with Kaddour Hadri, Eiji Kurozumi, and Yao Rao, Economics Letters
"Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease" joint with Kareem Ismail, Journal of Development Economics.
“Commodity Price Shocks, Democracy and External Debt” joint with Markus Bruckner, The Economic Journal.
“Oil Rents, Corruption and State Stability: Evidence from Panel Data Regressions”, joint with Markus Bruckner, European Economic Review.
“Commodity Windfalls, Polarization and Net Foreign Asset: Panel Data Evidence of the Voracity Effect” joint with Markus Bruckner, Journal of International Economics.
“Rainfall, Financial Development, and Remittances: Evidence from Sub-Saharan Africa” joint with Markus Bruckner, Journal of International Economics.
“Resource Windfalls and Emerging Market Sovereign Bond Spreads: The Role of Political Institutions” joint with Markus Bruckner, World Bank Economic Review.
“Do Natural Resources Depress Income Per Capita?” joint with Rick van der Ploeg, Review of Development Economics, 2011.
“An Alternative Explanation for the Resource Curse: The Income Effect Channel, joint with Ali Alichi, Applied Economics.
“Demography, Credit and Institutions: A Global Perspective” Emerging Markets Review, 2011.
“La Course aux Terres: Quelques Eclairages Empiriques”, joint with Klaus Deininger and Harris Selod, Economie et Statistique
“Trade Policies, Institutions and the Natural Resource Curse”, joint with Rick van der Ploeg, Applied Economics Letters, Taylor and Francis Journals, vol. 17(15), pages 1443-1451.
“The Composition of Capital Flows: Is South Africa Different?” with Norbert Funke and Faisal Ahmed, Journal of International Development, John Wiley & Sons, Ltd., vol. 19(2), pages 275-294.
“Vieillissement démographique et transferts internationaux d’épargne: premiers enseignements du modèle INGENUE”, in collaboration with INGENUE team (Michel Juilliard, Bronka Rzekowpski and al.), special issue of Revue d’Economie Politique, pp. 195 -214, February 2001.
Other Papers, Books, Comments
"Introduction" joint with Marc Quintyn, Cathy Pattillo and Min Zhu forthcoming in Commodity Price Volatility and Inclusive Growth in Low-Income Countries eds. Rabah Arezki, Marc Quintyn and Catherine Pattillo, foreword by Christine Lagarde, International Monetary Fund, forthcoming July 2012.
“Natural Resources, Volatility and Economic Growth: Perspectives from the Middle East and North Africa” joint with Governor Mustapha Nabli forthcoming in Commodity Price Volatility and Inclusive Growth in Low-Income Countries eds. Rabah Arezki, Marc Quintyn and Catherine Pattillo, foreword by Christine Lagarde, International Monetary Fund, forthcoming July 2012.
“UNESCO World Heritage Sites, Tourism and Economic Growth” joint with Reda Cherif and John Piotrowski in The Economics of Uniqueness: Historic Cities and Cultural Heritage Assets as Public Goods edited by the World Bank, forthcoming 2012.
“Commodity Price Volatility, Democracy and Economic Growth” joint with Thorvaldur Gylfason, in Frontiers of Economic Growth and Development, ed. Olivier de La Grandville, foreword by Kenneth Arrow and Robert Solow, Emerald, 2011.
“Fiscal Policy in Commodity Exporting Countries: Stability and Growth” in Natural Resources, Finance and Development, eds. Rabah Arezki, Thorvaldur Gylfason and Amadou Sy, foreword by Christine Lagarde, International Monetary Fund, forthcoming, 2011.
“A Long-Term Model for the World Economy,” in collaboration with INGENUE team. Published in “Market Imperfections and Macroeconomic Dynamics”, J.O. Hairault et H. Kempf (eds.), Kluwer Academic Publishers, chap.3, pp. 51-73, 2002.
“Economie et Démographie Mondiales au XXI° siècle: le Nombre et le Savoir”, in collaboration with INGENUE team, in L’année de la régulation: économie et démographie, La Découverte, Paris, 2000.
Rabah Arezki is a Senior Economist at the IMF Research Department. During his career at the Fund, he worked in the IMF Institute and the African, Fiscal Affairs, Middle East and Central Asia Departments. He has written on natural resources, economic development, institutions, education and macro-finance. He has published widely in academic and other journals, including the Economic Journal, the Journal of International Economics, the Journal of Development Economics, the European Economic Review, and the American Journal of Agricultural Economics. He has also been cited in leading newspapers, including The Economist, Financial Times and The Wall Street Journal. He has co-edited two books entitled Beyond the Curse: Policies to Harness the Power of Natural Resources and Commodity Price Volatility and Inclusive Growth in Low-Income Countries both published by the International Monetary Fund. He is currently co-editing a special issue of the Journal of International Money and Finance entitled Understanding International Commodity Price Fluctuations.
Email: rarezki@imf.org
Personal WebPage: http://ideas.repec.org/e/par153.html
Fluent In: Arabic, French, Italian.
Education:
Visiting Scholar Economics Department Boston University
PhD Economics European University Institute
M.Sc. Statistics Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE)
M.A. Economics and M.Sc. Econometrics University of Pantheon-Sorbonne
Previous Experience:
Economist, CEPII, OFCE and CEPREMAP 1999-2000
Refereed Activities:
Journal of the European Economic Association, Journal of Applied Econometrics, Journal of Public Economics, European Economic Review, Journal of Economic Growth, Journal of Development Economics, World Bank Economic Review and World Development
Other Professional Positions:
Non-resident fellow at the Brookings Institution
Treasurer of the African Econometrics Society
Research Associate, OxCarre, Economics Department, University of Oxford, UK
Research Affiliate, CESifo Research Network, Munich, Germany
Research Fellow, Economic Research Forum, Cairo, Egypt
Resource Person (Project Evaluator), African Economic Research Consortium (AERC), Nairobi, Kenya
Research Fellow, Navarra Center for International Development (NCID), University of Navarra, Pamplona, Spain
IMF Books and Working Papers:
Commodity Price Volatility and Inclusive Growth in Low-Income Countries, October 24, 2012
Education Attainment in Public Administration Around the World: Evidence from a New Dataset, Working Paper No. 12/231, September 21, 2012
Structural Reforms, IMF Programs and Capacity Building: An Empirical Investigation, Working Paper No. 12/232, September 21, 2012
Resource Windfalls, Optimal Public Investment and Redistribution: The Role of Total Factor Productivity and Administrative Capacity, Working Paper No. 12/200, August 01, 2012
Commodity Prices and Exchange Rate Volatility: Lessons from South Africa’s Capital Account Liberalization, Working Paper No. 12/168, June 01, 2012
Natural Resources, Volatility, and Inclusive Growth: Perspectives from the Middle East and North Africa, Working Paper No. 12/111, May 01, 2012
Beyond the Curse: Policies to Harness the Power of Natural Resources, January 19, 2012
The Relative Volatility of Commodity Prices: A Reappraisal, Working Paper No. 11/279, December 01, 2011
Are There Spillover Effects from Munis?, Working Paper No. 11/290, December 01, 2011
What drives the global land rush?, Working Paper No. 11/251, November 01, 2011
Rainfall, Financial Development, and Remittances: Evidence from Sub-Saharan Africa, Working Paper No. 11/153, July 01, 2011
Resource Windfalls, Macroeconomic Stability and Growth: The Role of Political Institutions, Working Paper No. 11/142, June 01, 2011
Food Prices and Political Instability, Working Paper No. 11/62, March 01, 2011
Sovereign Rating News and Financial Markets Spillovers: Evidence from the European Debt Crisis, Working Paper No. 11/68, March 01, 2011
Commodity Windfalls, Polarization, and Net Foreign Assets: Panel Data Evidence on the Voracity Effect, Working Paper No. 10/209, September 01, 2010
Resource Windfalls and Emerging Market Sovereign Bond Spreads: The Role of Political Institutions, Working Paper No. 10/179, July 01, 2010
Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease, Working Paper No. 10/94, April 01, 2010
Development Accounting and the Rise of TFP, Working Paper No. 10/101, April 01, 2010
International Commodity Price Shocks, Democracy, and External Debt, Working Paper No. 10/53, March 01, 2010
Oil Rents, Corruption, and State Stability: Evidence From Panel Data Regressions, Working Paper No. 09/267, December 01, 2009
Tourism Specialization and Economic Development : Evidence from the UNESCO World Heritage List, Working Paper No. 09/176, August 01, 2009
An Alternative Explanation for the Resource Curse: The Income Effect Channel, Working Paper No. 09/112, May 01, 2009
Global Imbalances and Petrodollars, Working Paper No. 09/89, April 01, 2009
Can the Natural Resource Curse Be Turned Into a Blessing? The Role of Trade Policies and Institutions, Working Paper No. 07/55, March 01, 2007
The Composition of Capital Flows: Is South Africa Different?, Working Paper No. 05/40, March 01, 2005
Books
Articles
“Global Imbalances: Petrodollars in the Lead”, joint with Fuad Hasanov, World Economics
Degrees of Development joint with Marc Quintyn in Finance and Development, March 2013
"Spend or Send" joint with Arnaud Dupuy and Alan Gelb in Finance and Development, December 2012.
"The Global Land Rush" joint with Klaus Deininger and Harris Selod, in Finance and Development, March 2012.
“Less Volatile than Meets the Eye” joint with Daniel Lederman and Hongyan Zhao, in Finance and Development, December 2011.
“Municipal Fallout” joint with Bertrand Candelon and Amadou Sy in Finance and Development, September 2011.
“Bad News Spreads” joint with Bertrand Candelon and Amadou Sy in Finance and Development, December 2010.
“Debt and Democracy” joint with Markus Bruckner in Finance and Development, June 2010.
Publications in Refereed Journals
"Global Imbalances and Petrodollars" jointly with Fuad Hasanov, World Economy
“The Relative Volatility of Commodity Prices: A Reappraisal" joint Daniel Lederman and Hongyan Zhao, forthcoming in the American Journal of Agricultural Economics
“Resource Rents, Corruption and Democracy: Evidence from Sub-Saharan Countries” joint with Thorvaldur Gylfason, Journal of African Economies.
“What Drives the Global Land Rush?” joint with Harris Selod and Klaus Deininger, revise and resubmit at World Bank Economic Review
Development Accounting and the Rise of TFP (joint with Reda Cherif) revise and resubmit at Journal of Development Economics.
“Breaking the Prebisch-Singer Hypothesis Using Panel Data Stationarity Test” joint with Kaddour Hadri, Eiji Kurozumi, and Yao Rao, Economics Letters
"Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease" joint with Kareem Ismail, Journal of Development Economics.
“Commodity Price Shocks, Democracy and External Debt” joint with Markus Bruckner, The Economic Journal.
“Oil Rents, Corruption and State Stability: Evidence from Panel Data Regressions”, joint with Markus Bruckner, European Economic Review.
“Commodity Windfalls, Polarization and Net Foreign Asset: Panel Data Evidence of the Voracity Effect” joint with Markus Bruckner, Journal of International Economics.
“Rainfall, Financial Development, and Remittances: Evidence from Sub-Saharan Africa” joint with Markus Bruckner, Journal of International Economics.
“Resource Windfalls and Emerging Market Sovereign Bond Spreads: The Role of Political Institutions” joint with Markus Bruckner, World Bank Economic Review.
“Do Natural Resources Depress Income Per Capita?” joint with Rick van der Ploeg, Review of Development Economics, 2011.
“An Alternative Explanation for the Resource Curse: The Income Effect Channel, joint with Ali Alichi, Applied Economics.
“Demography, Credit and Institutions: A Global Perspective” Emerging Markets Review, 2011.
“La Course aux Terres: Quelques Eclairages Empiriques”, joint with Klaus Deininger and Harris Selod, Economie et Statistique
“Trade Policies, Institutions and the Natural Resource Curse”, joint with Rick van der Ploeg, Applied Economics Letters, Taylor and Francis Journals, vol. 17(15), pages 1443-1451.
“The Composition of Capital Flows: Is South Africa Different?” with Norbert Funke and Faisal Ahmed, Journal of International Development, John Wiley & Sons, Ltd., vol. 19(2), pages 275-294.
“Vieillissement démographique et transferts internationaux d’épargne: premiers enseignements du modèle INGENUE”, in collaboration with INGENUE team (Michel Juilliard, Bronka Rzekowpski and al.), special issue of Revue d’Economie Politique, pp. 195 -214, February 2001.
Other Papers, Books, Comments
"Introduction" joint with Marc Quintyn, Cathy Pattillo and Min Zhu forthcoming in Commodity Price Volatility and Inclusive Growth in Low-Income Countries eds. Rabah Arezki, Marc Quintyn and Catherine Pattillo, foreword by Christine Lagarde, International Monetary Fund, forthcoming July 2012.
“Natural Resources, Volatility and Economic Growth: Perspectives from the Middle East and North Africa” joint with Governor Mustapha Nabli forthcoming in Commodity Price Volatility and Inclusive Growth in Low-Income Countries eds. Rabah Arezki, Marc Quintyn and Catherine Pattillo, foreword by Christine Lagarde, International Monetary Fund, forthcoming July 2012.
“UNESCO World Heritage Sites, Tourism and Economic Growth” joint with Reda Cherif and John Piotrowski in The Economics of Uniqueness: Historic Cities and Cultural Heritage Assets as Public Goods edited by the World Bank, forthcoming 2012.
“Commodity Price Volatility, Democracy and Economic Growth” joint with Thorvaldur Gylfason, in Frontiers of Economic Growth and Development, ed. Olivier de La Grandville, foreword by Kenneth Arrow and Robert Solow, Emerald, 2011.
“Fiscal Policy in Commodity Exporting Countries: Stability and Growth” in Natural Resources, Finance and Development, eds. Rabah Arezki, Thorvaldur Gylfason and Amadou Sy, foreword by Christine Lagarde, International Monetary Fund, forthcoming, 2011.
“A Long-Term Model for the World Economy,” in collaboration with INGENUE team. Published in “Market Imperfections and Macroeconomic Dynamics”, J.O. Hairault et H. Kempf (eds.), Kluwer Academic Publishers, chap.3, pp. 51-73, 2002.
“Economie et Démographie Mondiales au XXI° siècle: le Nombre et le Savoir”, in collaboration with INGENUE team, in L’année de la régulation: économie et démographie, La Découverte, Paris, 2000.