Bio

Degree

PhD in Economics

University of Colorado

MA in Economics

University of Colorado

BA in Economics

Portsmouth Polytechnic

Published Works

• Akacem, M. (2025). Algeria and Saudi Arabia's Divergent paths away from oil. Journal of South Asian and Middle Eastern Studies, Volume 48(Number 2), 1-30. https://www1.villanova.edu/villanova/publications/jsames.html.
• Akacem, M. . Economic Transitional Paths of High vs low oil reserve base countries. ,
• Akacem, M. . Equity Finance vs Debt Finance . ,
• Akacem, M., Faulkner, L. J., Miller, D. D. (2023). Oil MENA's Challenges and the Policy Response: Addressing the Institutional and Trust deficits. Journal of South Asian and Middle Eastern Studies, 46(4), 1-32. https://www1.villanova.edu/villanova/publications/jsames.html.
• Akacem, M. (2021). Algeria's Elusive Quest Towards Economic Prosperity and Democracy. Journal of South Asian and Middle Eastern Studies, 44(4), 25-45. https://www1.villanova.edu/villanova/publications/jsames.html.
• Akacem, M. (2020). The Misuse of Oil Wealth in Economic Development and why Institutions Matter: An Algerian case study. (). Routledge . https://www.routledge.com/The-Politics-of-Algeria-Domestic-Issues-and-International-Relations-1st/Zoubir/p/book/9781138331006
• Akacem, M., Faulkner, L. J., Miller, D. D. (2020). Oil, Institutions and Sustainability in MENA: A Radical Approach through the empowerment of citizens. (). . https://www.springer.com/gp/book/9783030259310#aboutAuthors
• Akacem, M. (2019). Oil and economic development in the MENA region: Why institutions matter. (). Springer. https://link.springer.com/book/10.1007/978-3-030-06049-7
• Akacem, M., Faulkner, L. J. (2018). Optimal Rate of Oil Extraction According to the Hotelling’s Principle: Implication for the Oil MENA Producers”. Journal of South Asian and Middle Eastern Studies, 41(4), 40-65. .
• Akacem, M., Cachanosky, N. (2017). The Myth of the Natural Resource Curse: A Case Study for Algeria. Journal of Private Enterprise, 32(2), 1-15. http://journal.apee.org/index.php?title=2017_Journal_of_Private_Enterprise_vol_32_no_2_Summer_parte1.pdf.
• Akacem, M. (2016). Distribute ARAMCO’s oil shares to the rightful owners: The Saudi citizens. Your Middle East, www.yourmiddleeast.com/opinion/distribute-aramcos-oil-shares-to-the-rightful-owners-the-saudi-citizens_38825
• Akacem, M., Faulkner, L. J., Miller, D. D. (2015). The Benefit Principle as applied to Middle East Oil: Implication to US Energy Policy. Air and Space Power Journal, 6(2), 4-21. .
• Akacem, M., Pence, E. N. (2015). The WTI-Brent Spread: Examing the Factors Behind It. Business Education Innovation Journal, 7(2), 6. www.beijournal.com.
• Akacem, M., Dennis, D. M. (2015). Egypt’s Economic Development and Challenges post Arab Spring: Can new technology quench Egypt’s thirst for water and enhance good institutions. Journal of South Asian and Middle Eastern Studies., XXXIX(1), 53-75. .
• Akacem, M., Cachanosky, N. (2015). Oil, poverty and economic Development in Sub-Saharan Africa. [Manuscript in preparation].
• Akacem, M., Miller, D. D. (2015). Oil as the path to Institutional change in oil-exporting MENA. , (4th quarter 2015), page numbers for the English version: 46-62. http://www.au.af.mil/au/afri/aspj/apjinternational/aspj_f/article.asp?ID=167.
• Akacem, M. . The myth of the oil curse in Arab oil exporting economies: Evidence from Norway and Singapore. Middle East Institute National University of Singapore.
• Akacem, M. . Sovereign Wealth Funds, Debt Equity Swaps and Implication to Islamic Finance. Journal of South Asian and Middle Eastern Studies,
• Akacem, M., Geng, X. (2014). The fallacy of the resource curse in Arab oil economies: why institutions matter. Journal of South Asian and MIddle Eastern Studies, XXXVIII(Number 2, Winter 2015), 27-43. .
• Akacem, M. (2014). Referee reports fo refereed journals. ,
• Akacem, M. (2014). How the Arab Spring changed the prospects for OPEC's survival. , http://www.yourmiddleeast.com/business/how-the-arab-spring-changed-the-prospects-for-opecs-survival_28396
• Shopp, A., Akacem, M. (). "International Perspective on Credit Downgrades".
• Akacem, M. (2013). The fallacy of the oil curse and the fate of the Arab world. , http://www.yourmiddleeast.com/business/the-fallacy-of-the-oil-curse-and-the-fate-of-the-arab-world_15249
• Akacem, M. (2013). Algeria’s spring: A challenging future. , http://www.yourmiddleeast.com/columns/article/algerias-spring-a-challenging-future_13060
• Akacem, M. (2008). "Islamic Banking and Finance: Beyond Shariah' Arbitrage" . Review of Islamic Economics,
• Akacem, M., Miller, D. (2008). "The Odius Debt Principle: The Case of Iraq". Odious Debt: Contemporary Issues/Amicus Books,
• Akacem, M. (2008). Political Economy of the Middle East. Choice magazine,
• Akacem, M. (2008). Torture Team: Rumsfeld's Memo and the betrayal of American Values by Philip Sands. Palgrave Macmillan/Middle East Policy,
• Akacem, M. (2008). "Trillion-dollar question: How we'll pay for this". The Denver Post, www.denverpost.com/search/ci_10751218
• Akacem, M. (2008). "A Chance for the Middle East". The NewStatesman, www.newstatesman.com/writers/mohammed_akacem
• Akacem, M. (2008). "No bailout, please: I'm done paying". The Rocky Mountain News,
• Akacem, M. (2008). "Terror born of Injustice". The Rocky Mountain News,
• Akacem, M. (2008). "Worried about too much foreign investment in the U.S.? Don't be". The Rocky Mountain News,
• Akacem, M. (2007). Energy supply and renewable resources. Choice Magazine: Facts on File,
• Akacem, M. (2007). Handbook of Islamic Banking. Choice magazine,
• Akacem, M. (2007). Islam, Oil, and Geopolitics: Central Asia after September 11, by Elizabeth Van Wie Davis and Rouben Azizian. Rowman & Littlefield, 2007. . Choice magazine,
• Akacem, M. (2007). The Arab Economies in a Changing World, by Marcus Noland and Howard Pack. Peterson Institute for International Economics, 2007. . Choice magazine,
• Akacem, M. (2007). "Fed's market rescue a slippery slope". The Rocky Mountain News,
• Akacem, M. (2006). "Islamic Economics in Egypt: The Pious Road to Development", by Bjorn Olav Utvik, Lynne Rienner Publishers, 2006.. Choice magazine,
• Akacem, M. (2006). "Islamic Finance: Law, Economics, and Practice", by by Mahmoud A. El-Gamal, Cambridge University Press, 2006.. Cambridge University Press,
• Akacem, M. (2006). "Liberalization Against Democracy: The Local Politics of Economic Reform in Tunisia". Indiana University Press/Middle East Studies Association Bulletin,
• Akacem, M. (2006). "The Monks of Tibhirine: Faith, Love and Terror in Algeria". St. Martin's Press/Middle East Studies Association Bulletin,
• Akacem, M. (2006). The changing dynamics of energy in the Middle East. Praeger Security International ,
• Akacem, M. (2006). The Gulf Oil and Gas Sector: Potential and Constraints . Emirates Center for Strategic Studies and Research/I.B. Taurus,
• Akacem, M. (2006). "The free market will prove to be America's best energy policy". The Rocky Mountain News,
• Akacem, M. (2006). "Globilization for everyone-except Arabs". The Denver Post,
• Akacem, M. (2005). "On-Line Teaching Strategies: What Works and What Does Not". Proceedings of the 2005 International Applied Business Research Conference and the 2005 College Teaching and Learning Conference,
• Akacem, M. (2005). "OPEC Oil: Who Really Owns it? A Post Iraq Outlook". Proceedings of the 2005 International Applied Business Research Conference and the 2005 College Teaching and Learning Conference,
• Akacem, M., Miller, D. (2005). "Privatizing OPEC: A Property Rights Perspective". Forschungsinstitut der Internationalen Wissenschaftlichen Vereinigung Weltwirtschaft and Weltpolitik,
• Akacem, M. (2005). Modern Jihad: Tracing the Dollars Behind the Terror Networks. International Journal of Middle Eastern Studies,
• Akacem, M. (2005). Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries. Journal of Energy and Development,
• Akacem, M. (2004). "The Role of External Actors in Algeria's Transition". Journal of North African Studies/Routledge,
• Akacem, M., Gilliam, O. L. (2003). "Shifting Economic Power in World Oil Markets". International Business and Economics Research Journal,
• Akacem, M. (2003). "Financial Development and Economic Growth". Palgrave,
• Akacem, M., Miller, D. (2003). "Iraq, the Day After: Oil for the People". Perspectives (The Foundation for the Defense for Democracies),
• Akacem, M., Miller, D. (2003). "Let it Flow". Washington Times,
• Akacem, M., Miller, D. (2003). "Let the Iraqi people own their own oil". The Rocky Mountain News,
• Akacem, M., Gilliam, O. L. (2002). "OPEC and the New World Oil Market". Proceedings of the 2002 International Applied Business Research Conference,
• Akacem, M. (2002). "OPEC Then and Now: Uncertainties in the Global World Oil Markets". Pacific and Asian Journal of Energy,
• Akacem, M., Gilliam, O. L. (2002). "Principles of Islamic Banking: Debt vs. Equity Financing". Middle East Policy/Routledge, copyright,
• Akacem, M. (2002). "Using Secondary Markets for External Debt to Convert Riba Contracts into Equity Investments". Islamic Foundation,
• Akacem, M. (2002). Reviewed a paper submission for the refereed journal.. Journal of South Asian and Middle Eastern Studies, https://www1.villanova.edu/villanova/publications/jsames.html
• Akacem, M. (2001). "Algeria's Oil Policy: The Battle for Control". Journal of Energy and Development,
• Akacem, M., Gilliam, O. L. (2001). "On the Economics of Oil, Interest Rates, and Wealth". Proceedings of the 2001 International Applied Business Research Conference,
• Akacem, M. (2001). "Algeria's Oil Policy: Who is in Charge". North African Oil and Gas Trade Journal,
• Akacem, M. (2000). "What Have We Learned from the Experience of Low Oil Prices?". Journal of Energy and Development,
• Akacem, M. (2000). "Characterizing the Stock-Exchange from an Islamic Perspective". Islamic Economics (King Abdulaziz University),
• Akacem, M., Glahe, F. (2000). "OPEC's Road Ahead". The Journal of Energy and Development,
• Akacem, M. (2000). "Sources of Economic Growth in Jordan: 1969-1989". Journal of Energy and Development,
• Akacem, M. (1999). "Algerian Connection to Possible Terrorism Puzzling". The Rocky Mountain News,
• Akacem, M. (1999). Don't Remove the Incentive. The Denver Business Journal , www.amcity.com/denver/stories/1999/10/11/editorial3.html
• Akacem, M. (1999). "Arab Brain Drain and its implication to the economic development of the Arab world". Al-Bayan,
• Akacem, M. (1999). "Power and Democratization in the Arab World: Are There Yet?". Jeune Afrique,
• Akacem, M. (1999). "The Stock-Exchange from an Islamic Perspective". The Journal of King Abdulaziz University: Islamic Economics,
• Akacem, M. (1999). "Africa Still Awaiting Stability Plan". The Rocky Mountain News,
• Akacem, M. (1999). "Point de Salut dans Le Petrole" (Oil will not be Algeria's savior). Jeune Afrique,
• Akacem, M. (1999). "An Examination of the Economic and Political Situation in Algeria". Al-Bayan,
• Akacem, M. (1999). The Rise and Fall of a Mighty Cartel. The Denver Business Journal, www.amcity.com/denver/stories/1999/04/26/editorial4.html
• Akacem, M. (1999). "Algerian Democracy Runs Aground". The Wall Street Journal Europe,
• Akacem, M. (1999). "Speculative Activities, Efficiency and Normative Stock Exchange". Journal of Islamic Economics, King Abdulaziz University,
• Akacem, M. (1999). "OPEC's glory days have come and gone". The Wall Street Journal Europe,
• Akacem, M. (1999). Iraq Policy Confusion. The Washington Times,
• Akacem, M. (1998). "An Examination of Sovereign Credit Ratings in the Middle East and North Africa: How Accurate are They?". Proceedings of the Conference on Administrative Sciences: New Horizons and Roles in Development,
• Akacem, M. (1998). "Attacking Iraq Wont' Dislodge Saddam". The Rocky Mountain News,
• Akacem, M. (1998). "Europe Takes a Giant Leap Into the Unknown". The Rocky Mountain News,
• Akacem, M. (1997). "Algeria's Vote Won't Stop the Violence". The Wall Street Journal Europe,
• Akacem, M., Fleisher, A. (1996). "An Alternative Model for OPEC Stability: The Carrot and Stick--and Carrot Approach. Journal of Energy and Economic Development, 20(1), 97-108. .
• Akacem, M. (1996). "Our Wrongheaded Policy toward Iraq". The Rocky Mountain News,
• Akacem, M. (1995). "Algeria's President Faces Tough Choices". Emerging Markets Debt Report,
• Akacem, M. (1995). "Searching for Peace after Algeria's Election". The Washington Times,
• Akacem, M. (1995). "Doubts Still Strong about Dollar". The Rocky Mountain News,
• Akacem, M. (1995). "A Mexican Bailout-A Bad Precedent". The Rocky Mountain News,
• Akacem, M. (1995). "Import Oil Now, Not Later". The Rocky Mountain News,
• Akacem, M. (1994). "Algeria: In Search of an Economic and Political Future". International Political Science Abstracts,
• Fleisher, A., Akacem, M. (1994). "An Alternative Model for OPEC Stability: The Carrot and Stick--and Carrot Approach". Journal of Energy and Economic Development, 20(1), 97-108. .
• Akacem, M., Cochran, P. J., Vorhies, F. (1994). "Privatization in the Oil Sector in the Middle East". Proceedings of the Middle Eastern Oil and Gas to 2000 and Beyond: Supply and Demand Issues,
• Akacem, M. (1994). "How Algeria's Democracy was Hijacked". The Wall Street Journal Europe,
• Akacem, M. (1994). "A New Bank Won't Help Middle East Peace-PR Prosperity". The Wall Street Journal Europe,
• Akacem, M. (1994). "Middle East Peace Cannot Be Legislated". The Rocky Mountain News,
• Akacem, M. (1994). "The Global Market for Population Growth". The Washington Times,
• Akacem, M. (1994). Debt Rescheduling Possible for Algeria's New Government. LDC Debt Report,
• Akacem, M. (1993). "Algeria Slides down Toward an Abyss". The Wall Street Journal Europe,
• Akacem, M. (1993). "Algeria: In Search of an Economic and Political Future". Middle East Policy,
• Akacem, M. (1993). "Islamic Economics: Equity Banking as an Approach to Prosperity". Economic Direction,
• Akacem, M. (1993). "The New World Order for Oil". International Political Science Abstracts,
• Akacem, M. (1993). Algeria needs Rescheduling, Debt Conversion Program. LDC Debt Report,
• Akacem, M. (1993). "Algeria: On the Brink of Government Crisis". The Christian Science Monitor,
• Akacem, M. (1993). "The Twilight of OPEC". The Christian Science Monitor,
• Akacem, M. (1993). "Energy Tax is no Talisman to Reduce U.S. Dependence on Foreign Oil". The Denver Post,
• Akacem, M. (1992). "The New World Order and Its Impact on the Birth of a New Arab Order". Economic Direction,
• Akacem, M. (1992). "The New World Order for Oil". Middle East Policy,
• Akacem, M. (1992). "The Secondary Market for Algerian External Debt: Policy Implication for Debt Conversion". OPEC Review,
• Akacem, M. (1992). An Exclusive Euro-Oil Order Would Deter Cooperation. OPEC Bulletin,
• Akacem, M. (1992). "America Should not Fear the Islamic Resurgence, But we Must Understand it". The Denver Post,
• Akacem, M. (1992). "In the Wake of Desert Storm, a Tamer OPEC". The Globe and Mail,
• Akacem, M. (1992). "Europe May Feel Algeria's Strife". The Wall Street Journal Europe,
• Akacem, M. (1992). "The Mirage of Arab Unity". The Wall Street Journal ,
• Akacem, M. (1992). "Algeria's Mistaken Path". The Christian Science Monitor,
• Akacem, M. (1992). "Islam Scores a Fundamental Victory". The Los Angeles Times,
• Akacem, M. (1991). "Algeria's Future in the Balance". The Christian Science Monitor,
• Akacem, M. (1991). "The Islamic Challenge to Algeria's New Democracy". The European Wall Street Journal,
• Akacem, M. (1991). "Islamic and the U.S. Banking Crisis". The European Wall Street Journal,
• Akacem, M. (1991). "Islam and the U.S. Banking Crisis". The Wall Street Journal, US edition,
• Akacem, M. (1991). "Post War OPEC Will be Kinder, Gentler". The Christian Science Monitor,
• Akacem, M. (1988). "Welcome OPEC to the American Oil Patch". The Wall Street Journal Europe,
• Akacem, M. (1988). "Welcome OPEC to the US Oil Patch". The Wall Street Journal , US edition,
• Akacem, M. (1987). "OPEC: What Next". Journal of Energy Exploration,
• Akacem, M. (1987). "The Future of the Organization of Petroleum Exporting Countries". Journal of Energy and Development,
• Akacem, M., Suleiman, A. M. (1986). "Nothing Wrong with Deficits". The Saudi Gazette,
• Akacem, M. (1985). "New Contraints on Absorptive Capacity and the Optimum Rate of Petroleum Output". International Center for Energy and Economic Development.
• Akacem, M. (1985). "Pricing and Production of Algerian Oil and Gas: Future Prospects". Proceedings of the International Center for Energy and Economic Development,
• Akacem, M. (1985). "From OPEC to GOPEC". The Wall Street Journal,

Research Interests

Research Interests: Political Economy of the Middle East and North Africa; Geopolitics and Economics of World Oil Markets; Energy Economics, Banking and Financial Economics.

Teaching Interests

Teaching Interests: Money and Banking, Political Economy of the Middle East and North Africa, and Geopolitics and Economics of World Oil Markets.