Studies of the economic impact of tourism returns rarely offer a comparison between their potential driving effects and the costs of their accumulation. The aim of this paper is to devise a tourism macroeconomic profitability indicator capable of determining how the tourism sector can present a...

Since the 1994 devaluation, growth has been quite strong in Mali (about 5%), but much weaker in terms of GDP per person (about 2.6%) due to a very high index of fecundity (6.8). Growth is still very unstable, due to a large share of agriculture in GDP (40%) and very sensitive to rainfall and...

According to the latest figures from the United Nations,1 the number of migrants throughout the world has more than doubled since 1975. At the turn of this new century it is reported to stand at around 175 million persons (including refugees), or 2.9% of the global population. Still largely from...

The idea of a world economic system based on the Centre-Periphery analysis cannot provide a satisfactory overall explanation of some developing countries real situation. New terms have appeared recently, such as “advanced developing countries” or “new industrial countries”. In fact these...

In this paper we use a simple standard overlapping generations model to assess the impact of foreign aid. Donors are not able to modify the sharing out of aid between old and young in the recipient economy. This assumption is in line with the deference to the elders, which characterises the...

L’objet de cet article consiste à évaluer empiriquement l’impact de l’éducation publique ou privée sur la durée de chômage qui précède le premier emploi. Notre étude porte sur un pays en développement, Madagascar qui, comme beaucoup d’autres, connaît un essor considérable de...

This paper extends and applies principal-agent theory to the performance of donor projects. There is variation in the degree of divergence between the interests of the donor (the principal) and the recipient government (the agent). Further, the effort expended on observation of the agent is a...