La sensibilité du commerce extérieur de la Chine aux prix relatifs à court terme et à long terme a été confirmée pour la période 1978-1994 en utilisant la technique de cointégration et la représentation à correction d'erreur. Cette sensibilité a été plus forte pour les biens...

This paper, using an export and foreign direct investment augmented production function, examines empirically the effects of these two additional variables on the economic growth of China from 1952 to 1995. Our econometric results confirm not only the contribution to growth of production factors...

In this paper, the impact of real exchange rate on employment is theoretically investigated. Three channels are identified. 1. Capital/labor intensity channel: the real appreciation, which decreases the cost of imported inputs and increases real wages expressed in tradable goods, exerts a...

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....

This paper tries to take into account two contrasted points of view that can be found the literature: the first one showing that financial development has a positive effect on economic growth, and the second one stressing the unfavourable effect of financial crisis. Our main assumption is that...

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...

This paper tries to take into account two points of view of the litterature, the first one shows that financial development has positive effect on economic growth, and the second one stresses on the unfavourable effect of financial crisis. Our main assumption is that financial instability is...

Currency substitution – the use of foreign money to finance transactions between domestic residents – is increasingly common in low income and transition economies. Traditionally, however, empirical models of the demand for money tend to concentrate exclusively on the other dimension of...