We examine whether absorptive capacity represents a compulsory reason to reject the proposal of a large aid increase to support a big push. We argue that poverty trap is a probability for many countries, in particular the Least Developed Countries and that an aid increase is relevant for them....

A dominant trend in the literature maintains that donor assistance should be targeted to poor countries with sound institutions and policies. In this context, donor selectivity refers to what extent aid is allocated according to the principles of this "canonical" model. This paper shows that it...

P. Guillaumont et S. Guillaumont Jeanneney reviennent ici sur la politique de change du Vietnam à la lumière de la crise asiatique et des expériences monétaires des pays de la région. Ils en déduisent que la politique d'ancrage du dông au dollar et de flottement contrôlé menée par le...

We examine whether absorptive capacity represents a valid reason to reject the proposal of a large aid increase in order to help poor countries to move out of the underdevelopment trap. We consider absorptive capacity, the set of limits to an effective use of aid inflows, under for main aspects:...

Deforestation is a phenomenon that has largely been concentrated in the developing world. We construct a theoretical model of deforestation that focuses on the factors affecting the incentives to transform forested land into agricultural land. We show that: (i) lower discount rates (associated...

The purpose of this paper is to examine what kind of global measures may be efficiently implemented to help the developing countries to face price shocks, avoiding the past failures, which needs to take into account the long term trend of the markets. Firstly, we recall the nature of the...

In this paper we consider the link often alleged between ethnic diversity and the growth rate of GDP per capita. We first assume that it is ethnic polarization rather than ethnic fragmentation that is harmful for growth so that the relationship may be non-linear. Second, we hypothesize that the...

Au cours de la dernière décennie, la Chine et le Vietnam ont mené des politiques de taux de change sensiblement différentes, justifiées par une situation monétaire radicalement différente, l'économie vietnamienne étant largement dollarisée. Cet article a pour intérêt de comparer ces...

For several years, the conditionality underpinning budgetary support to developing countries has been the object of severe criticism. This criticism has led to the belief that the “ownership of policies” by the recipient country governments is essential for the effective implementation of...