In this dissertation, I explore how quasi experiments can be used to estimate the causal impact of financial variables on agents’ behavior. Specifically, I analyze three different events that allow me to shed light on the role that financial markets play in decisions made by households, firms, and the government,...
This paper provides an overview of key governance issues of relevance to the upstream oil and gas industry in Canada. The focus is on implications of Canada's constitutional organization as a federation. Regulatory structures and provisions are described, as are revenue-sharing arrangements. Challenges for macro-economic management and for the environmental...
A half-century of high revenues from petroleum export has failed to elevate more than a small percentage of Nigerians above the poverty level. The failure to manage the vicissitudes of global oil markets, and to grow other sectors of the economy, has led to constant budget deficits and unsustainable national...