The purpose of this paper is to empirically investigate how regional advantages and firms characteristics influence the location of R&D. Looking at 2024 decisions of R&D lab location in France, we implement an extended conditional logit with spatially lagged explanatory variables to evaluate the...

This article aims to analyze the effect of debt on the profitability. This impact can be explained by three essential theories: signaling theory, the agency costs theory and tax theory. The sample consists of a panel of 1,078 French firms, unlisted, anonymous type and Limited Liability Company;...

This paper analyzes the potential effects of new capital requirements of banks in the WAEMU countries on the cost of credit in Togo. The influence on lending rates is examined through the channel of the of banking concentration. We show from generalized additive models (GAM) and generalized...

The aim of this paper was to determine the impact of globalisation and inequality on poverty using unbalanced panel data relating to seven countries of East Europe (Lithuania, Romania, Russia, Hungary, Poland, Estonia, Kirghizistan) from 1998 to 2003. The results led us to affirm that...

This paper provides a semiparametric framework for modelling multivariate conditional heteroskedasticity. First, we show that stochastic volatility factor models with possibly cross-correlated disturbances cannot be identified from returns conditional variance structure only, except when strong...

Microsimulation constitutes a particularly powerful instrument for evaluating the distributive impact of macro-economic shocks. All existing models applied to developing countries remain static. I develop a dynamic model able to account for the temporal dimension of macro-economic shocks and...

In two-player games with negative (positive) spillovers it is well-known that symmetric agents both overact (underact) at the Nash equilibria. We show that for heterogeneous agents this rule of thumb has to be amended if the game features strategic substitutability.

In this paper, we develop finite-sample inference procedures for stationary and nonstationary autoregressive (AR) models. The method is based on special properties of Markov processes and a split-sample technique. The results on Markovian processes (intercalary independence and truncation) only...

Dans un premier temps, l'objet de notre contribution est de conduire une analyse des déclassements des jeunes entrant dans la vie active. L'analyse se veut comparative sur deux aspects : celui du secteur et celui du genre. Ainsi nous étudierons la situation des jeunes femmes employées dans le...