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Article: "Economics 101: Privately funded research and development leads to the most useful innovation"

10/15/2016

Published in The National

Less than 1 per cent of the UAE’s GDP is allocated to research and development (R&D), compared with the world average of more than 2 per cent. Economists agree that innovation is critical to economic growth, so how can the GCC countries become more innovative?

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Article: "Paying wages on time is good ethics – and also good business"

10/12/2016

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Published in The National

The UAE implemented a decree on October 3 that helps workers receive their wages on time by specifying punishments for tardy employers. This is a welcome move for a country where more than 90 per cent of the labour force is foreign, although maybe not for the reasons that you would think.

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Article: "An economist explains the work of this year’s winners of the Nobel Prize in economics"

10/10/2016

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Published in The National

The two men who on Monday received the 2016 Nobel prize in economics, Oliver Hart and Bengt Holmstrom, made key contributions to contract theory, including the "principal-agent" (PA) model.

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Article: "Economics 101: Interpreting the business cycle"

10/8/2016

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Published in The National

What is a business cycle and at what point in the cycle do we in the GCC seem to be at?

A business cycle is the movement of total economic activity (GDP) around a long-run trend. When total economic activity grows faster than its long-term trend, it is called a boom, and the reverse is a recession.

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Quotation: "OPEC’s 700,000-barrel question"

10/6/2016

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Published in the Financial Post

OPEC nonetheless maintains an ability to influence day-to-day movements in oil markets. Following the agreement in Algeria, which is essentially an agreement to talk about a future agreement, prices for crude benchmark West Texas Intermediate rose six per cent. Prices slumped again slightly in the following days.

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Article: "Economics 101: Privately funded research and development leads to the most useful innovation"

Article: "Paying wages on time is good ethics – and also good business"

Article: "An economist explains the work of this year’s winners of the Nobel Prize in economics"

Article: "Economics 101: Interpreting the business cycle"

Quotation: "OPEC’s 700,000-barrel question"

Omar Al-Ubaydli

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