This article investigates the causes of the deflation which occurs in China since 1998. The analysis is based on a theoretical model which addresses supply shocks as well as demand shocks and on the estimation of a reduced equation of consumer prices variations for the period 1986-2002, the...

This article investigates the impact that the real exchange rate appreciation in China has exerted on productivity growth since 1994. We remind the arguments explaining a positive or a negative impact of a real appreciation on efficiency and on technical progress. DEA Malmquist indices of...

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...

This paper, relying on the results of several cross-sectionnal growth regressions, examines the factors determining the sustainability of policy reforms and growth in Africa. Five structural factors are considered as determinants of policy: 1) ethno-linguistic fragmentation, which influences...

This article investigates how financial development is beneficial to the reduction of poverty, on the one hand by promoting growth and in the other hand directly by the McKinnon conduit effect. At the same time, however, financial instability which accompanies financial development is...

The channels through which the real exchange rate influences urban/rural per capita real income inequality are analyzed using yearly data for 28 Chinese provinces. Due to the higher share of tradable goods produced in urban than rural areas, the real depreciation of the Chinese currency raised...

A dominant trend of the literature maintains that donors’ assistance should be targeted to poor countries with sound institutions and policies. In this context donors’ selectivity refers to what extent their aid is allocated according to the principles of this “canonical” model. This...

If poverty has been significantly deceased in China during the last twenty years, this decrease was very unequal across the provinces and was accompanied by an increase of the urban and rural per capita income disparity. We studied the impact on this last one of the exchange rate policy, which...

Since 1992, Vietnam has been implementing a policy aimed at anchoring its currency vis-à-vis the dollar. Does the "Asian crisis" threaten this policy? The aim of this paper is to present the arguments of this debate through an analysis of both the consequences of the Asian financial crisis on...

Based on an annual sample of 122 countries over the 1963-1994 period, this paper shows that real exchange rate depreciation reduces deforestation in relatively developed countries (with GDP per capita greater than $900) whereas it has the opposite effect in poor countries. A possible explanation...