Counter factual policy simulations of sustained increase in public investment in infrastructure, financed through borrowing from commercial banks, shows substantial increase in private investment and thereby output in this sector. Further, due to increase in absorption, real private investment...

Après avoir relevé les divers défis affectant la régulation des industries de réseau et discuté de la pertinence des modèles disséminés par les institutions financières des pays en voie de développement, l'ouvrage met en lumière les inquiétudes des acteurs de l'industrie et les...

This paper deals with inclusive growth in Andhra Pradesh. Growth may be higher in the last two decades but inclusive growth or equitable development has been missing. It is like running a train with engine only without connecting bogies and people to the engine. According to us, important...

The aim of this paper is to study the nature of the relationship between energy consumption and economic growth in Cameroon through a three-step approach: (i) study the stationarity of the chronic, (ii) test of causality between variables, and (iii) estimate the appropriate model. The study...

Africa has been hard hit by the international crisis. Initially exogenous and above all financial, it has exacerbated various internal crises already present in the region. Like the DRC, which is a test case in many respects, Africa could experience severe setbacks that could cancel out the...

Access to modern energy is believed to be a prerequisite for sustainable development, poverty alleviation and the achievement of the Millennium Development Goals. However, theoretical models and empirical results offer conflicting evidence on the relationship between energy consumption and...

The idea of a world economic system based on the Centre-Periphery analysis cannot provide a satisfactory overall explanation of some developing countries real situation. New terms have appeared recently, such as “advanced developing countries” or “new industrial countries”. In fact these...

Les autorités sénégalaises ont adopté un programme de lutte contre la pauvreté avec le soutien des institutions de Bretton Woods depuis 2002. Afin de tenter d’atteindre les objectifs de réduction de la pauvreté qui ont été fixés par les Objectifs du Millénaire pour le Développement...

This paper investigates the impact of complementarity reforms on growth and how it depends on GDP per capita. Based on reform data for six policy areas compiled from various sources during the period 1994-2006 for over 100 countries, we compute composite indicators of reform level and...