This paper aims at proving empirically the superiority of an explanation for recent financial crises in emerging countries which combines endogenous and exogenous factors rather than focusing only on one of these two kinds of factors. To this end, we built our empirical analysis on estimations...

Despite its important contributions to economic thought, namely in the field of spatial economics and economics of development, François Perroux, one of the most important French economists of the 20st century, remains today poorly appreciated and frequently unrecognized. This paper tends to...

This paper aims at analyzing the possible influence of foreign direct investment (FDI) on economic growth in the particular case of Middle East and North African countries (MENA). During the last years, the relation between FDI and growth in LDCs has been discussed extensively in the economic...

In this paper, we investigate whether the recent financial turmoil which arose in the United States has contaminated the Middle East and North African countries (MENA). In contrast to Lagoard-Segot and Lucey (2009), we try to identify the existence of pure contagion (Masson, 1999) rather than...

Dans cet article, nous testons la presence de contagion durant la crise financiere asiatique. A cet effet, nous proposons une nouvelle procedure qui consiste a tester la non-linearite des mecanismes de propagation des chocs estimes a travers un modele d’interdependance de long terme. Nous...

L’objet de cet article est d’identifier le rôle des fondamentaux, des phénomènes de type « tachesolaire » et de la contagion pure au sens de Masson (1999) à travers une étude empirique de ladynamique des anticipations des investisseurs. À cet effet, nous estimons un modèle...