Economics

The debate on the appropriateness of the effect created on economic growth by financial structures is one to reckon with especially with most of the modern economies. Financial structures determine how far an existing business is financed or in other words it is the credit side of a companys statement of financial position. A closer look at this topic will be geared at the use of extensive and robust research methods in defining the various economic growth and development measures and the financial...

The United Arab Emirates (UAE) is one of those Middle East countries that showed high levels of economic and social development in recent decades. The main source of its export income remains oil exports that constitute 37 percent of earnings in foreign exchange and 60 percent of public sector revenue (Abed and Hellyer, 2001). The acceleration of FDI funding in oil sector in 1970s was among the main reasons of UAE ranking high places in the UN Human Development Index (Oxford Business Group, 2007). Notwithstanding...