The European sovereign debt crisis revived the discussion concerning the pros and cons of exchange rate adjustment in the face of asymmetric shocks. Exit from the euro area is to regain rapidly international competitiveness. Exchange rate stability with structural reforms could be beneficial for...

Senegal is a typical sub-Saharan economy, which conducted an import substitution policy over 1960-86, followed by a policy of support for the private sector and liberalization of the economy. It suffers from a low level of economic development, hindering the process of economic diversification,...

Productivity gains are the prime engine of economic growth. This paper uses a rich amount of firms' accounting information from the Single Information Collecting Centre in Senegal over the period 1998-2011. To investigate the two main obstacles to growth, poor education and poor access to...

The 2010 European debt crisis has revived the discussion concerning the optimum adjustment strategy in the face of asymmetric shocks. Whereas Mundell's (1961) seminal theory on optimum currency areas suggests depreciation in the face of crisis, the most recent emergence of competitive...

We examine the role of new decentralized media (the internet) vs old media (television) on individuals' political engagement in North Africa. Drawing our data from the Afrobarometer round 5 survey, we tackle issues of endogeneity by resorting first to a propensity score matching method to...

The importance of international migration for its economic and social implications is nowadays widely acknowledged both in the academic literature and advocacy reports. Recently the debate has stimulated the inclusion of environmental factors into the possible explanations of migration, in order...

Climate change is expected to disproportionately affect agriculture; however, there is limited information on smallholder farmers ' overall vulnerability and adaptation needs. This paper estimates the impact of climatic shocks on the household agricultural income and subsequently, on farmers '...

In this paper, we analyze how a set of slow moving determinants affect trade between the EU on one hand, and CEECs (Central and Eastern European countries) and African countries on the other hand, over the period 2005-2012. We focus on two sets of slow moving determinants, doing business...

This paper sheds light on the global migration patterns of the past 40 years, and produces migration projections for the 21st century, for two skill groups, and for all relevant pairs of countries. To do this, we build a simple model of the world economy, and we parameterize it to match the...