The transition of China towards a market economy was accompanied by a vast fiscal decentralisation movement. Econometric analysis of the determinants of budgetary and extra-budgetary expenditure of the provinces does not permit us to reject the hypothesis that the provinces observe a similar...

The reduction of child mortality is one of the most universally accepted millennium goals. However, a significant debate came out on the means of reaching it and on its realism with regard to the situation of most of the least developed countries. The recommendations made for the achievement of...

The Balassa-Samuelson effect is employed to explain the observed differences in inflation between the Chinese provinces. A three-good model is proposed to better take account of the specific features of China. This model which includes, besides Balassa-Samuelson effect, demand side factors, is...

We estimate the demand for money in Vietnam during the 1990s within a framework which distinguishes between currency substitution and portfolio dimensions of dollarization. This leads to a representation for the demand function in which the long-run income elasticity of demand is no longer...

This paper assesses the effect of economic instability on the success of the projects funded by the World Bank, using the outcome of the projects, which is a notation of their overall success determined by the Independent Evaluation Group. It has been argued in macro economic studies that aid...

This paper overcomes traditional political budget cycles models, focusing solely on the dynamics of the overall budget, in order to shed light on electoral composition changes in public spending. Using data on 42 developing countries from 1975 to 2001, we find evidence of electoral impacts on...

In two previous papers we have argued that aid is likely to mitigate the negative effects of external shocks on economic growth (i.e. that aid is more effective in countries which are more vulnerable to external shocks). Recently an important debate has emerged about the possible negative...

During the transition towards a market economy, the Vietnamese economy has embarked upon a path of lasting disinflation in a context of dollarization. In this study, a model shedding light on the determinants of inflation in the case of dollarization is developed and estimated with a two-step...

Dans cet article, nous examinons les conséquences de l’insécurité foncière sur la croissance économique au Brésil à partir d’un modèle dynamique d’une économie comportant un secteur agricole et un secteur manufacturé. La terre est à la fois un facteur de production spécifique...

The quest for equity, sustainability and applicability, among other things, has put the conventional Cost-Benefit Analysis (CBA) technique under fierce attack in the recent past. Attack concerns the Effects method as well as the Shadow price methods : even though they have not the same goals,...