This paper mainly focuses on finding optimal strategies for the development of microfinance in Korea and on predicting the impact of microfinance in the future.First, this paper reviews and assesses the impact of microfinance in Korea. I suggested that recent phenomena of income polarization and...

The choice of Microfinance (MF) by the Millennium Development Goals (MDG) as the primary means of poverty alleviation should have brought clarity to the role and functioning of MF, but instead it seems to have generated a fog. It is desirable to take a fresh look and start from first principles...

Developing economies share both microeconomic and macroeconomic characteristics which are often unique relative to their more developed counterparts. Indeed, many authors (e.g. Parente and Prescott 2000) have emphasized the role of institutional frictions within developing nations as a major...

The purpose of this dissertation is to describe and test competing hypotheses regarding Korean industrialization. Has Korea followed the neoclassical path of static comparative advantage or did Korea anticipate comparative advantage? We will attempt to answer this question through three essays.

The purpose of this Thesis is to extend the recent literature on economic growth and to provide some elements for an integrated approach to the analysis of growth and fluctuations.

The objectives of this dissertation is to provide a theory of innovation and technological change incorporating the following aspects; (i) the impact of the existence of substitutes and complements on the innovation incentives in presence of technological externalities, in a Cournot Nash game...

The Austrian objection to mathematical and statistical work in economics, because of the absence of constants, is re-examined in the light of large micro-data sets available today. The negative evidence regarding the Law of one Price is described and then expanded to a critique of the practice...

Islamic economists preoccupation with the deductive approach needs being moderated by a greater recourse to induction, especially in discussing the role of values in the economic system. Values have played an important role in the Christian West in the past, not withstanding the current advocacy...

Economics fails to be a science for three fundamental reasons: Indeterminacy, Multiplicity and Non-verifiabilty. The first weakness, Indeterminacy, refers to the well-established fact that practically all economic models fail to provide unambiguous theoretical predictions, hence theory does not...