By weakening the institutional frameworks through which economic agents interact, corruption constitutes a major obstacle to economic development. Because of its secretive nature, measuring this phenomenon has proven challenging. Numerous initiatives have nonetheless been launched in the past...

One of the most salient features of developing economies is the existence of a large informal sector. This paper uses quantitative theory to study the dynamic implications of informality on wage inequality, human capital accumulation, child labor and long-run growth. Our model can generate...

One of the most salient features of developing economies is the existence of a large informal sector. This paper uses quantitative theory to study the dynamic implications of informality on wage inequality, human capital accumulation, child labor and long-run growth. Our model can generate...

Economic instability may trigger ex ante and ex post corruption strategies, respectively resulting from the perception and experience of economic fluctuations. Using measures of export instability reflecting its ex ante and ex post effects, dynamic panel estimations are conducted with corruption...

Economic instability may trigger ex ante and ex post corruption strategies, respectively resulting from the perception and experience of economic fluctuations. Using measures of export instability reflecting its ex ante and ex post effects, dynamic panel estimations are conducted with corruption...

This paper is an empirical study on the effects of export instability on corruption, in developed and developing countries. We consider that corrupt transactions may arise from the necessity to protect against the detrimental effects of income fluctuations on welfare. We assume that export...

La corruption, en affaiblissant les cadres institutionnels au travers desquels les acteurs économiques interagissent, constitue un frein important au développement économique. Par nature, ce phénomène est difficilement quantifiable. De nombreuses initiatives ont néanmoins vu le jour au...

Aid has been for decades an important source of financing for developing countries, but more recently remittance flows have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remittances affect aid flows, and how this relationship varies depending on the channel...

Aid has been for decades an important source of financing for developing countries, but more recently remittance flows have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remittances affect aid flows, and how this relationship varies depending on the channel...

The rapid growth of Islamic banking has attracted much attention lately in the economic literature. At the same time, a mature body of the literature has shown that financial development is broadly conducive to economic growth, which raises the question as to whether a similar conclusion holds...