Recent literature suggests that a proactive strategy consisting of deliberate real exchange rate depreciation can promote exports diversification and growth. This paper is built on these recent developments and investigates whether four developing countries have adopted such a strategy. Data...

Researchers’ enthusiasm for estimating industry oligopoly power in developing countries is often not matched with availability of data. Even when available, datasets are often incomplete, inconsistent, too aggregated, and almost always collected by government agencies for purposes different...

This paper empirically assesses the impact of exchange rate policy on the performance of manufactured exports for four North African countries over the 1970-92 period. The impact of exchange rate policy is examined through the effect of three indicators: real effective exchange rate (RER)...

The aim of the paper is to investigate possible improvement of public sector efficiency through its competition with a private sector for managerial services. We set up a dynamic adverse selection model with heterogeneity of managerial quality to show that if managerial careers are available...

This paper explores the potential benefits and losses from integration in the Maghreb region, evaluates the urgency and points to the obstacles that will have to be overcome in achieving it, drawing on practical experiences and the characteristics of the economies of Algeria, Morocco and...

This paper contributes to a current and intense debate among economists on whether real exchange rate undervaluation can boost growth. It focuses on addressing econometric and empirical issues that casts doubt about the validity of such positive impact. It also allows for the possibilities that...