Official Website of Gulf One Investment Bank

Infrastructure for Investment

KNOWLEDGE

Research Team

Research Bulletins

Research Team

Chief Economist - Mohammed Adaya Salisu
Research Analyst - Lobna Bousrih
Research Analyst - Sana Harrabi

A brief background on each team member is as follows:


Chief Economist - Mohammed Adaya Salisu
	Mohammed Adaya Salisu is the Chief Economist of Gulf One Investment Bank. Prior to joining Gulf One, he was Principal Research Economist at the African Development Bank (AfDB) from 2004 to 2007 and a Lecturer in Economics at Lancaster University in the UK from 1990 to 2004, where he obtained his doctorate in Economics. Dr. Salisu is an Econometrician by training and has applied econometric techniques to a wide range of research areas in economics and international business, including infrastructure, international trade and commercial policy, and has published extensively on these areas including for both the AfDB and international journals. Throughout his career at the AfDB, Dr. Salisu focused on issues related to infrastructure and trade and produced several Briefs and Statements for Senior Management on topical trade -related and macroeconomic issues, and made significant inputs to the Bank’s Annual Reports. Selected Publications: • "Debt Relief and Credit to the Private Sector in African Countries" (with L. Bousrih and S. Harrabi), African Development Review, 2008, vol. 19, no. 3, Pp. 469-480. • “Determinants of Firm Performance in Nigeria: Evidence from Investment Climate Survey Data” (with L. Bousrih and S. Harrabi). Discussion Paper for World Bank Conference on Investment Climate Survey Analysis, African Economic Research Consortium Bi-Annual Workshop, Nairobi, 1-7 December 2006. • “The Role of Capital Flight and Remittances in Current Account Sustainability in Sub-Saharan Africa”, African Development Review, December 2005. • “Foreign Direct Investment in Sub-Saharan Africa”, in Wei, Y and Balasubramanyam VN (eds), Foreign Direct Investment: Six Country Case Studies, Edward Elgar, Cheltenham, 2004. • “Incentive structure, civil service efficiency and the hidden economy in Nigeria”, in Reforming Africa”s Institutions: Ownership, Incentives, and Capabilities, (eds) Kayizzi-Mugerwa S and Greenhalgh R, United Nations Publications, New York and Geneva, 2003, pp. 170-198. • “Commodity export dependence and the choice of exchange rate regime: viewing the poles from Saudi Arabia” (with Snowden N, Taher N), Journal of Development Studies, 2003, vol. 40(1). • “Oiling the wheels: credit and monetary neutrality in Saudi Arabia” (with Snowden N, Taher N), Economic Studies, 2003, vol. 5(9). • “Foreign direct investment and globalization” (with Balasubramanyam), in Regionalism and Globalization, (eds) Lahiri S, Routledge, London and New York, 2001, pp. 199-220. • “FDI and economic growth in LDCs: some further evidence” (with Sapsford D and Balasubramanyam, VN), in Kenyon P and Block H (eds), Creating an Internationally Competitive Economy, Macmillan, London, 2001, pp. 233-249. • “Foreign direct investment as an engine of growth” (with Sapsford D and Balasubramanyam, VN), Journal of International Trade and Economic Development, 1999, vol. 8, pp. 27-40. • “Foreign Direct Investment and Growth in Export Promoting and Import Substituting Countries” (with Sapsford D and Balasubramanyam VN), Economic Journal, 1996, vol.106, no.434, pp. 92-105. • “Domestic Savings, Intra-national and Intra-European Community Capital Flows, 1971-1991” (with Balasubramanyam VN and Armstrong H), European Economic Review, 1996, vol.40, pp. 1229-1235. • “Income and Price Elasticities of Demand for Alcoholic Drinks in the UK: Implications for Tax Revenues”, Applied Economics Letters, 1997, vol. 4, pp.247-251. • “Price and Quality Components of Imports of Food Products into the UK” (with V.N. Balasubramanyam), Applied Economics, 1996, vol.28, no.10, pp.1225-1233. • “Determinants of Joint Venture Success of the GCC Petrochemical Firms” (with Habib Al-Torkistani), Industrial Co-operation in the Arabian Gulf, October 1994, no.58. • “International Trade and Employment in the UK Textiles and Clothing Sector” (with V. N. Balasubramanyam), Applied Economics, 1993, vol.25, pp. 1477-1482. • “Export promotion, import substitution and direct foreign investment in less developed countries” (with V.N. Balasubramanyam), in Ad Koekkoek and LBM Mennes (eds), International trade and global development: essays in honour of Jagdish Bhagwati, Routledge, London, 1991, pp. 191-210.

Research Analyst - Lobna Bousrih
	Lobna Bousrih is Research Analyst in the Research Division of Gulf One Investment Bank. Prior to joining Gulf One Investment Bank in October 2007, she worked as Research Assistant at the African Development Bank (AfDB) where she assisted with research on development policy issues. Before joining the AfDB, she taught Monetary Economics and Microeconomics at the University of Tunis. She is currently at the final stages of completing her PhD in Economics, and she also holds a Master’s degree in Monetary Economics from University Tunis, Tunisia.Apart from her previous work, Lobna’s research interests include macro- and microeconomic analysis, sector studies, and measurements of company efficiency. Selected publications: • "Debt relief and credit to the private sector in Africa countries" (with M. Salisu and S. Harrabi), African Development Review, 2008, vol. 19, no. 3, Pp. 469-480. • "Social Capital and Economic Growth: Empirical Investigation on the Transmission Channels" (Ghazi Boulila and Mohamed Trabelsi), International Economic Journal, 2008. • "Growing a Knowledge-Based Economy: Evidence from Public Expenditure on Education in Africa" (with Abdul Kamara and M. Nyende), Economic Research Working Paper No. 88, December 2007. • "Inequality and Economic Growth: Does Social Capital Matter?" Accepted at the 63rd International Atlantic Economic Conference, Madrid 2007. • “More on Finance and Long run growth: Do Institutions matter?" 2007. Mimeo. • "Aid, Access to Water and Sanitation, and Education in Africa" (with S. Harrabi). Accepted at the KMA Conference, Kenya, 2007. • “Determinants of Firm Performance in Nigeria: Evidence from Investment Climate Survey Data” (with M. Salisu and S. Harrabi). Discussion Paper for World Bank Conference on Investment Climate Survey Analysis, African Economic Research Consortium Bi-Annual Workshop, Nairobi, 1-7 December 2006. • "Liberalisation Financière, Developpement Financier et Crises Bancaires: Le role du capital social" (Mohamed Trabelsi), Revue d’Economie Financière, 2005

Research Analyst - Sana Harrabi
	Sana Harrabi is Research Analyst in the Research Division of Gulf One Investment Bank. She assists in preparing and producing papers and studies to guide the Bank’s investment decisions. Prior to joining Gulf One Investment Bank in October 2007, Sana Harrabi was a Research Assistant at the African Development Bank where she assisted with research on debt relief and service delivery in Africa, productivity, and investment climate issues. She also assisted with the preparation of the 2007African Economic Outlook for Kenya. Sana Harrabi also participated in an internship program at the African Department of the International Monetary Fund in Washington, D.C. (2004) where she worked on fiscal decentralization and its effects on macroeconomic instability in Sub-Saharan African countries (Ethiopia and Nigeria). Sana holds a Master’s degree in International Economics and Finance from the University of Tunis, Tunisia. Selected Publications: • "Debt relief and credit to the private sector in Africa countries" (with M. Salisu and L. Bousrih), African Development Review, vol. 19, no. 3, Pp. 469-480, 2008. • "Aid, Access to Water and Sanitation, and Education in Africa" (with L. Bousrih), accepted at the KMA Conference, Kenya, 2007. • “Determinants of Firm Performance in Nigeria: Evidence from Investment Climate Survey Data” (with M. Salisu and L. Bousrih). Discussion Paper for World Bank Conference on Investment Climate Surveys, African Economic Research Consortium Bi-Annual Workshop, Nairobi, 1-7 December 2006.