Research
Publications:
"Overconfidence, underconfidence, and entry in contests", with W. and J. S. Lee, Managerial and Decision Economics , August 2023
"Tackling the shadow economy through inflation and formal credit" with M. Mohsin, The Journal of International Trade & Economic Development , June 2023
"Remittances and Financial Development in Caribbean Countries", with C. Cannonier, In: Cannonier, C., Galloway Burke, M. (eds) Contemporary Issues Within Caribbean Economies, June 2022, pp. 191-23, Palgrave Macmillan, Cham.
"Welfare implications of trade liberalization when revenue matters" with M. Mohsin, The Journal of International Trade & Economic Development 30(4): 574 - 595
Working Papers
On the macroeconomic implications of import competition in a small open economy
Recent trade literature demonstrates that import competition enhances domestic productivity and generates a favorable terms of trade in the economy. The existing literature studies the issue at the micro level and focuses exclusively at the firm level. Though production and investment of the domestic economy are expected to increase, the effects on the current account are not so obvious. This paper shows that the economy will experience a deteriorated current account balance. The welfare effect is ambiguous.
Work-in-Progress
Does inflation reduce informality?
Does inflation reduce informality? While most studies investigate the public finance motive for inflation, the optimal rate of inflation in an economy with a large informal sector, this paper explores how inflation effects informality using cross-country panel data from 2005-2015. To tackle endogeneity concerns, the paper uses Arellano-Bond dynamic panel Generalized Methods of Moments (GMM) estimator. The results show a negative relationship between inflation and informality for developing countries sample and the full sample. Access to formal credit plays a mediating role between inflation and informality. Inflation is more effective in reducing informality when access to credit is high.