Although the two essays included here focus on the economy of Lebanon, a country unique in the Middle East due to both its political and economic characteristics, the study is instructive even in the context of other developing economies. The first essay attempts to explain grow…
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In this dissertation the optimal maturity structure of debt is determined. According to the 2007 Financial Report of the U.S. Government, the public debt is expected to triple by 2040. It is therefore ever more urgent to minimize this liability by optimizing the structure of deb…