David F. Tennant

Professor of Development Finance
Department of Economics
Courses Taught: 

ECON1001 - Introduction to Microeconomics
ECON3010 - Finance and Development
ECON6032 - Economic Development

Research Interests: 

Financial Sector Development and Economic Growth
Financial Market Failures and Financial Crises
Ponzi Schemes
Micro, Small and Medium-Sized Businesses
Poverty and Income Inequality

Recent Publications: 

Tennant, David.  2011. Factors Impacting on Whether and How Businesses Respond to Early Warning Signs of Financial and Economic Turmoil: Jamaican Firms in the Global Crisis. Journal of Economics and Business. 63: 472-491
Tennant, David. 2011. Why do People Risk Exposure to Ponzi Schemes? Econometric Evidence from Jamaica.  Journal of International Financial Markets, Institutions and Money.  21: 328-346
Tennant, David, Kirton, Claremont and Abdulkadri, Abdullahi.  2011.  Modelling the Relative Effects of Financial Sector Functions on Economic Growth in a Developing Country Context Using Cointegration and Error Correction Methods.  Journal of Developing Areas. 44(2): 183-205
Tennant, David and Abdulkadri, Abdullahi. 2010. Empirical Exercises in Estimating the Effects of Different Types of Financial Institutions’ Functioning on Economic Growth. Applied Economics. 42(30):  3913-3924
Tennant, David.  2010. Relationship between Traditional Determinants of Financial Risk Tolerance and the Extent of Individuals’ Exposure to Ponzi Schemes: Exploratory Evidence from Jamaica. The Empirical Economics Letters.  9(6): 581-590
Tennant, David.  2010. Global Financial Crisis to Real Sector Contraction: Exploring Transmission Mechanisms in a Small Open Economy – Business Coping Strategies in Jamaica. Global Development Studies. 6(1-2): 235-290 
Tennant, David and Folawewo, Abiodun. 2009. Macroeconomic and Market Determinants of Interest Rate Spreads in Low and Middle Income Countries.  Applied Financial Economics 19(6): 489-507

Teaching/Research Philosophy: 

I enjoy teaching and researching in the area of economics because the issues are so relevant and practical.  In teaching I aim to ensure that my students gain a thorough but intuitive understanding of the material that we are covering.  I am not satisfied with students being able to regurgitate definitions and formulae, but rather seek to challenge them to answer questions relating to ‘WHY’ and ‘SO WHAT’.  Why do economic relationships occur, and what is the relevance for my life, country or region?  Having gained that understanding, my aim, particularly for the more advanced courses, is to equip and encourage students to critique and challenge orthodox concepts and theories of economics, particularly as they relate to developing economies, and to expose them to alternative concepts and theories.    Where possible, I also seek to infuse the material that I teach with the results of the research that I have conducted.  This ensures that the material remains current and relevant to the experiences of students from the region.  I value the feedback gained from my students, as I believe that we can all learn from each other, and enrich each other’s teaching and learning experience.