The Theory of the Second Best implies that any country with less-than-ideal resources can lose from international trade. Recently it has been suggested this means the South (poor countries) are better off suppressing trade with the North, especially trade in natural resource products, since the...

Theory and evidence on government taxation policy. Topics include tax incidence; optimal tax theory; the effect of taxation on labor supply and savings; corrective taxes for externalities; taxation and corporate behavior; and tax expenditure policy. From the course home page: Course Description...

Demand for construction Project Finance has developed in recent years asconstruction projects have become more elaborate requiring more expensive andspecialised technologies for their execution.Contractors' involvement with banks when operating in the United Arab Emiratesusually starts at the...

"Starting about the late 1960s there have been increasing fears that economic growth would soon lead to the exhaustion of raw materials and, food supplies, or environmental damage of one kind or another. These fears have been accompanied by widespread appeal to the concept of sustainable...

This research seeks to identify the factors that account for the variation in development levels across nations by focusing on the institutional components of development, especially the effects of financial market development on economic and political development. I argue that financial market...

This dissertation consists of three essays. The first essay finds that small firms in poor quality legal environments (poor quality contract enforcement and property rights environments) are more financially constrained relative to small firms in better quality legal environments. Consequently,...

This dissertation measures the impact of multiple exchange rate systems on economic performance and on net capital flows in developing countries. The literature on the effectiveness of capital controls has some problems. Two of them are that it often ignores the endogeneity of capital controls,...

In existing economic literature on finance and economy, it is argued and generally accepted that financial intermediation contributes to economic growth though the contending argument is that financial development is simply a result of economic growth. However, studies on the contribution of...

A collection of eighteen articles have been purposely chosen to demonstrate the development of the original and significant contributions of my research over the period 1990 to 2008. Despite the relatively large number of articles, which cover a range of related issues, there is a surprisingly...