Real gross domestic product (GDP) fails to account for the trading gains and losses that result from changes in the terms of trade and in the real exchange rate (the price of tradables relative to the price of nontradables). Canada has enjoyed vast improvements in its terms of trade over recent...

This study has two aspects. First, the author examines the theoretical properties of the constant elasticity of substitution (CES) production function and the implications of this formulation for the properties of a structural macroeconomic model. He then seeks to determine whether Canadian...

This article examines the effect of remittances on economic growth, highlighting the main transmission channels. Using the SGMM method, estimates based on data from 27 developing countries show that remittances have a positive and significant effect on economic growth. The results don’t allow...

This chapter presents the methods and contributions of evolutionary approach to economic dynamics. First, we expose why economic dynamics can indeed be considered as evolutionary. Second, we discuss sources of diversity and selection mechanisms that drive these dynamics, in the context of...

India has created the basic rules of modern economic and political life. While the country’s institutional framework needs strengthening, it will allow India to prosper without drastic changes. Gradual economic reform has transformed India, putting it on a much faster growth path. Economic...

The aim of this paper is to test for franc zone the hypothesis that public expenditures in education can act negatively on political instability, and by way, can be positively correlated with economic growth, even on the short run. To do so, a rebellion model is estimated econometrically and...

La 4e de couv. indique : "Pourquoi sommes-nous meilleurs dans le savoir-faire que dans le faire savoir ? Comment le pays de l'excellence est-il devenu celui du désenchantement ? En quoi la France demeure-t-elle l'une des nations les plus anciennes de l'histoire,mais aussi l'une des plus belles...