We investigate the macro factors that can explain the monthly oil futures return for the NYMEX WTI futures contract for the time period 1993:11 to 2010:03. We build a new database of 187 real and nominal macroeconomic variables from developed and emerging countries and resort to the large factor...

An important literature emerged in the 90’s about the relationship between integration in the world economy and wage inequality. However, it is more focused on developed countries and Latin America. This paper investigates the impact of trade liberalization process in Tunisia, initiated since...

Based on cross-country data from a wide range of developed and developing countries, this study, using an original and synthetic indicator, empirically analyses the incidence of openness to trade on the level of core labour standards. In the first part of our study, when the model is estimated...

This paper attempts to empirically explore the effects of trade liberalization process in Tunisia on average real wages and wage inequality, via industry rents. For this purpose, we adopt, following Revenga (1997), a flexible model of wage setting that can accommodate both the presence of...

Although many developing countries have experienced an increase in the relative demand for skilled workers leading to a rise in wage inequality, the role played by trade in this trend remains a matter of debate. Using a firm-level database covering manufacturing and non-manufacturing sectors in...

In a context of generalization of decentralization in the world going "hand in hand" with democratization and globalization, Brazil qualifies the universality of this process, at least in matter of fiscal federalism. In the paper, we firstly adopt a comparative perspective relative to an...

We propose an econometric analysis of the distributive impact of trade flows, foreign direct investment (FDI), official aid and migrants’ remittances. Results suggest that FDI increases inequality, while remittances tend to reduce inequality. Trade and aid have a non-linear relationship with...

In a context of generalization of decentralization in the world going "hand in hand" with democratization and globalization, Brazil qualifies the universality of this process, at least in matter of fiscal federalism. In the paper, we firstly adopt a comparative perspective relative to an...

Whereas the influence of democracy on economic growth has still to be proved, trade openness’ is now recognised. Therefore, it may be wondered if there exists a relation between democracy and openness. Neither theoretical arguments nor individual national experiences permit to conclude. To...