Showing 1 - 10 of 10
The paper reviews the state of the economic literature on the link between _nancial development and growth. We first examine the issue of measurement of financial development and the debate on the direction of causality between finance and growth. Next, we extensively discuss the various...
Persistent link: https://www.econbiz.de/10010932906
The paper reviews the state of the economic literature on the link between financial development and growth. We first examine the issue of measurement of financial development and the debate on the direction of causality between finance and growth. Next, we extensively discuss the various...
Persistent link: https://www.econbiz.de/10010932910
Cette thèse comporte trois chapitres traitant de la question de l’accumulation de réserves de change dans les pays émergents. Sous différents angles, théorique comme empirique, les trois travaux présentés analysent les motivations d’accumulation de réserves de change et testent...
Persistent link: https://www.econbiz.de/10011003394
In this paper we develop a new empirical approach to uncovering the impact of social attitudes on economic development. We first show that trust of second-generation Americans is significantly influenced by the country of origin of their forebears. In the spirit of the epidemiology literature,...
Persistent link: https://www.econbiz.de/10010929038
Les chiffres publiés le 24 septembre 2014 par la DARES semblent encourageants car ils présentent une baisse de 0.3% du taux de chômage des demandeurs d’emploi de catégorie A. Qu’en estil exactement ? Il ne s’agit en définitive que d’un changement d’un mois à un autre et si l’on...
Persistent link: https://www.econbiz.de/10011213426
We propose a new channel through which expropriation risk reduces capital allocation efficiency and decreases firm growth. We build an agency model of corporate disclosure when companies face risks of expropriation. The model predicts that in countries with insecure property rights, corporations...
Persistent link: https://www.econbiz.de/10011273272
Over the past four decades the High Performing Asian Economies (HPAE) have followed a development strategy based on the exposure of their local markets to the presence of foreign competition and on an outward oriented production. In contrast, Latin American Economies (LATAM) began taking steps...
Persistent link: https://www.econbiz.de/10010764719
The reversal in the trend of productivity growth between the US and the UK on one side, and the main countries of continental Europe on the other, appears with great evidence from the data. The current debate focuses on differences in labour market performance, which should account for the...
Persistent link: https://www.econbiz.de/10010764801
Le livre de Thomas Piketty « Le Capital au XXIème siècle » est ambivalent. D’un côté, une lecture théorique trop simple, fondamentalement a-institutionnelle, retient un taux de croissance définitivement exogène et ignore l’hétérogénéité du capital, faisant de la répartition...
Persistent link: https://www.econbiz.de/10011096554
In this paper we develop a new empirical approach to uncovering the impact of social attitudes on economic development. We first show that trust of second-generation Americans is significantly influenced by the country of origin of their forebears. In the spirit of the epidemiology literature,...
Persistent link: https://www.econbiz.de/10010892187