I study the effects of demand and supply uncertainty on irreversible investment. My objective is two fold. First, I investigate whether demand and supply uncertainty have similar effects on investment. Second, I study the effects of sunk costs on investment. I make three contrib…
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In March 1990, the Government of Egypt (GOE) launched a comprehensive economic and social reform program (ERSAP) to strengthen Egypt's ongoing adjustment program. The reform program constituted a major break from the policies pursued in the past, and had the underlying objective…
During the past decades, international migration has assumed much prominence. Manifested in flows of permanent settlers, asylum seekers, refugees, contract workers and undocumented migrants, the global stock of international migrants has increased steadily. The current stock of …
This study analyzes and evaluates the effect of the present structure of international air fares and rates on the operational conditions of the air transport industry. The general methodological approach within which the study was conducted is triangulation. Hypotheses testing a…
This dissertation comprises the empirical analysis of three fundamental issues in emerging markets. They are the following: (1) economic growth, (2) co-movements of sovereign spreads and (3) economic determinants of these spreads. The first chapter (with Joseph Stiglitz) examine…
Effects of rivalry have been discussed in two different scenarios. First section of the study involves the regression analysis of competition in international telephone market using pooled cross-sectional time-series data. In the United States till the early 1980s AT&T had a de-…
Oil exporting developing countries have the common problem of how best to transform their valuable but nonrenewable oil reserves into a permanent flow of income for achieving their long term development objectives. The most fundamental dynamic choices of these economies can be s…
The broad aim of my study is to compare the relative performance of public and private enterprises in developing countries, not overlooking the fact that public enterprises also have to accomplish certain socio-economic objectives which may clash with the objective of profit-max…
Economist Israel Kirzner offers a theory of entrepreneurship that attempts to link the economic and psychological dimensions of entrepreneurship. Kirzner argues that the behavior most distinctive to entrepreneurs is the discovery or creation of innovative market opportunities. H…
This dissertation addresses a fundamental aspect of market behavior: how do buyers and sellers find each other and coordinate the transfer of goods? Standard economic theory assumes that the coordination of exchange between agents is costless and that economic agents are anonymo…
Liberalization of the international sector is widely assumed to affect growth positively by reducing distortions and market restrictions. This study analyzes the long-run relationship between international economic liberalization and growth for the ASEAN region between the perio…
The purpose of this study was to identify sustainability criteria and indicators for evaluating sustainable ecotourism development in Taman Negara National Park (TNNP), Malaysia. This was an attempt to develop sustainability measurements for the evaluation of ecotourism from the…
Apart from the fact there is a continuous support and nurturing of Bumiputera entrepreneurship by the Malaysian government, very little is known about the politically-affiliated business group in Malaysia. This 100 percent Bumiputera group of companies emerges as a result of the…
This thesis presents a structured methodology to help contractors working in the Kingdom of Saudi Arabia to make their bid/no-bid decision on a rational basis. Literature was reviewed and thirty seven factors that affect the contractors' bid/no-bid decision were found. The Analy…
In an increasingly globalized and interlinked world economy, the difficulties of implementing effective technology acquisition and utilization programs are important forces driving economic growth. Developing countries, under trade liberalization and market deregulation policies…
Depository institutions play an important role in today's economic activities. Debt contracts are the most commonly used tools of those institutions. This dissertation affirms that debt contracts are risky for economic stability, especially when the overall indebtedness that cou…
The Kingdom of Saudi Arabia (K.S.A), as delineated in the Fifth and Sixth-Five Year Development Plans (1990-2000), has made greater private sector participation one of the priorities for the future. One of the major mechanisms that K.S.A is pursuing to enhance private sector par…
Wheeling is the transmission of active power and reactive power from one utility to another through the transmission network of a third party. Wheeling rates of active and reactive power are important issues that need to be addressed. This thesis presents a nonlinear optimizatio…
Most internationalization theories and approaches developed within the framework of large companies have fallen short of explaining how and under what circumstances SMEs become internationalized. Consequently, research has been directed in recent years towards studying SMEs' int…