Suggestions for Additional Academic Research
This final chapter suggests topics for additional academic research. On a consulting basis, LCRT would be delighted to collaborate with sponsors, academics, and government research personnel on the following topics. Many of these research studies are broad enough to require a collaborative effort across many silos. This collaborative effort is unlike most academic research that most often attracts only one to three professors in one specialized area.
One way to accomplish this collaborative research might be through the Practitioner Demand Driven Academic Research Initiative (PDDARI) of the Financial Management Association International and as supported by the CFA Society of Chicago.
1. The focus of most of this research is on inefficient markets within ranges of bounded rationality.
2. Correlate all countries' real growth rates and debt capacities against tax structures and elements of the Index of Economic Freedoms to produce immense insights into incentive economics. Independent variable effects also should include monetary policy, fiscal expenditure multipliers, and the economic microstructure of property rights. The correlation research would likely suggest public policy changes for consideration based on the facts of how people actually behave in a dynamic economy. It also would prove most useful to tactical investment allocation between countries and asset classes. This research probably requires a collaborative effort ...