The study applies spatial econometrics to the expenditures of the 262 municipalities of the Walloon Region (Belgium). It models the influence of expenditures from neighbouring municipalities on one given municipality. The independent variable coefficient is an indicator of a...

In this paper we employ recently developed panel causality and cointegration techniques to examine the long-run relationship between financial development and economic growth of 25 OECD countries. Three measures of financial deepening and stock markets are respectively used. Our results point...

Au milieu du XIXe siècle l'industrialisation est aussi poussée en région flamande qu'en Wallonie. Pendant la décénnie 1840-50, tout change. La crise de l'industrie linière frappe les deux Flandres tandis que la Wallonie connaît un take-off exceptionnel. A la fin du siècle, la Wallonie...

The communication presents a reflexion on the applicability of the concept of area learning like instrument from policy from regional development. The originality of the communication is to present a reflexion which goes from the theoretical concept to the implementation on the ground by...

Heavy industrial region still continuing its redeployment, Wallonia (Belgium) has initiated and support the creation and the development of clusters since 2001. Facing the lack of leading sectors or enterprises, the approach adopted is resolutely bottom-up :the initiative of a cluster’s...

Regional disparities in Europe can only be explained by taking into consideration a multi-secular history. More than by the inequalities in the level of GDP/inhab. regional disparities are characterised by various productive structures. The centre-periphery structure in Western Europe remains,...

During the about thirty years of regional policy, the European Union went through several steps in its implementation as much at the level of its conceptualisation as of its adaptations to the successive enlargements. The most important one was certainly the reform of structural funds realized...

The article investigates the possible labour market and fiscal impacts of labour tax reductions within a macroeconometric model that allows for various wage responses to tax policies and to policy-induced price changes. As such, the model captures different institutional settings of wage...

En recourant à une analyse en données de panel concernant 15 pays de l’OCDE sur la période 1979-2006, cet article revisite la loi d’OKUN en intégrant aux variables taux de croissance du PIB et variation du taux de chômage, les taux d’impôts sur les revenus, les profits et les biens...