The “Days of Empire,” when political entities extolled their control over other territories, have long since expired. Yet hierarchies between states remain. While international relations theorists often assume that states are fully sovereign, weak states sometimes delegate decis…
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This paper provides an international comparison of rates of intergenerational income mobility. Age-dependence of income persistence estimates (explained and quantified in this work) suggests that comparisons of multiple studies using different selection rules will result in erro…
This thesis consists of three essays that analyze issues of external shock, adjustment, finance and real exchange rates in a group of developing countries—Sudan, Egypt, Pakistan and the Philippines. The first essay, “External Shock, Non-Adjustment and Finance: The Experience of …
The primary objective of the chapter entitled “Risk and Returns Characteristics of the Six Southeast Asian Emerging Stock Markets” is to investigate the behavior of stock returns of the six Southeast Asian emerging markets, namely Thailand, the Philippines, Indonesia, Malaysia, …
This study examines the potential integration between Middle Eastern stock markets, especially Arab countries. I investigate the efficiency, diversification, correlation, and potential integration in Middle Eastern countries stock markets, in particular Egypt, Israel, Jordan, Mo…