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...

► Understanding emergence and evolution is key to analyze the nature of institutions. ► Conceiving institutions as equilibria of beliefs allows exploring the role of rationality. ► Institutions might also be seen as the result of strategies by agents or coalitions. ► The dynamic of law...

Un essai dans lequel l'auteur affirme que la France est plus dynamique qu'elle n'y paraît, malgré un manque de compréhension de l'économie mondiale et des difficultés à faire évoluer ses institutions.

This paper surveys alternative approaches to the emergence and evolution of institutions. The challenge is to develop frameworks capable of capturing both stability and change. We follow a “descaling” approach to show how founding assumptions about economics—namely, alternative assumptions...

Une mise en perspective des événements les plus récents dans le domaine de l'endettement des pays émergents. Sont abordés : le cadre institutionnel établi après la Seconde Guerre mondiale, la rationalité des marchés financiers internationaux, les réductions de dette dont bénéficient...

This article addresses theoretically the dynamics of innovation and growth paths in an economy producing “standard goods” and emerging “new goods”. We model consumers’ preferences for both types of goods as well as producers’ behaviours in relation with consumers’ decisions. In...

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...