Economic development hinges importantly on technological advances. Despite impressive modern technology, there remain extreme spatial disparities in innovation and access to technology across the globe. Bridging the related development gaps requires the public and private sectors to bridge...

In this dissertation, we develop a joint theoretical and empirical analysis of mutual funds trading. In the 1990's the US mutual funds industry has grown at an unprecedented pace. This growth has fueled concerns about the impact of institutional trading on equity returns.