Economic growth in the Gulfstates such as the UAE and Bahrain haveworldwide attracted attention in recent yearswith a burgeoning service sector tocomplement their considerable oil revenues.However many ask whether the currentrecession will stem this, or whether they are ina position to establish...

The deterioration in the financial climate over the past12 months has eroded consumers’ confidence in theirown financial security, with 58% of consumers eitherdisagreeing (33%) or disagreeing strongly (25%) thatthey feel more financially secure.This can be attributed, to some extent, to...

Micro- and small-scale enterprises (MSEs) have become important players in the Kenyan economy, but at the same time they continue to face constraints that limit their development. Lack of access to financial services is one of the main constraints, and a number of factors have been identified to...

Using a comprehensive firm-level dataset spanning the period 1998-2005, this paper provides a thorough investigation of the relationship between f$

In this paper we focus on the relationship between remittance inflows and financial inclusion in developing countries. We present single equation estimates on remittances and financial inclusion, and system estimates in which economic growth is explained by e.g., financial inclusion, and...

The role of foreign direct investment (FDI) in small island developing states (SIDS) is an issue that has been neglected until relatively recently. The reasons for this lack of interest are unsurprising, given both the low absolute volume of capital flows involved and the general neglect of...

This paper uses annual aggregate data for 36 low or middle income countries covering the period 1995-2001 to investigate the effect of FDI on private investment. It also explores if the relationship between FDI and private investment is influenced by the nature of the political regime, using...

In recent years, the economy of Argentina has experienced both rapid economic growth and severe economic decline. In this paper, we use a series of one-year long panels to study who gained the most in pesos when the economy grew and who lost the most in pesos when the economy contracted. To...