This paper proposes an alternative approach to investigate the non-linear effect of external debt on growth. In the theoretical part, we develop an endogenous growth model with formal and informal sectors to analyse the effect of the public external debt on the production efficiency. We show...

The aim of this paper is to apply recent advances in the econometrics of non-stationary dynamic panel methods to examine the robustness of the PPP concept for a sample of 73 developed and developing countries. Our investigations indicate that the strong PPP is verified for OECD and MENA...

The main goal of this paper is to tackle the empirical issues of the real exchange rate literature by applying recently developed panel cointegration techniques to a structural long-run real exchange rate equation. We consider here a sample of 45 developing countries, divided into three groups...

L'Europe est un partenaire privilegie pour l'economie tunisienne. Ainsi l'integration monetaire de l'Europe a sans doute des implications importantes sur l'evolution des cours de change en Tunisie. Les retombees de ce passage de regime sont difficiles a cerner surtout que l'Euro comme monnaie...

This study tests empirically the Balassa-Samuelson (BS) hypothesis using annual data for 12 OECD countries. New panel data cointegration techniques recently developed by Pedroni (2000) are applied and the results are compared with those obtained with conventional Johansen (1995)'s time series...

L'objet de cet article est d'utiliser les developpements recents de l'econometrie des panels dynamiques non stationnaires afin d'examiner la robustesse du concept de PPA pour un echantillon de 73 pays developpes et en developpement. Nos investigations revelent que la forme forte de la PPA est...

This study analyses the effects of financial openness on productive efficiency and technology catch-up in four countries in the Basin (Algeria, Egypt, Morocco and Tunisia), as compared to a group of developed countries (France, Germany, Japan and the UK) over the 1985–2005 period. Using...

The OIC intra-trade reached 17% in 2012 and the member countries have committed to increase it to 20% by 2015. The 5th OIC Consultative Group Meeting on enhancing OIC intra-trade recommended the establishment of Trade Finance Support Schemes, as one of the driving factors, to accelerate the...