Cet article étudie la relation empirique entre la déforestation, la croissance économique et la population à partir d'un échantillon de 85 pays en voie de développement. Nous utilisons plusieurs spécifications d'un modèle de panel à effets fixes avec diverses structures du terme...

Afin de comprendre les effets des IDE sur la pauvreté nous construisons un modèle en équations simultanée appliqué à des données de panel d’Afrique Subsaharienne. Ce modèle comprend trois équations : une pour la croissance économique, une pour les inégalités et une pour le taux de...

In order to understand the effects of FDI on poverty, we construct a simultaneous equations model applied to panel data for Sub-Saharan African countries. The model contains three equations : economic growth, inequality and the rate of absolute poverty. We divide the effects of FDI on poverty in...

This paper analyzes the effects of fiscal convergence on business cycle volatility and growth. Using a panel 21 OECD countries (including 11 EMU countries) and 40 years of data, we find that countries with similar government budget positions tend to have smoother business cycles. That is, fiscal...

This paper studies the cyclical pattern of ex post markups in the banking system using balance-sheet data for a large set of countries. Markups are strongly countercyclical even after controlling for financial development, banking concentration, operational costs, inflation, and simultaneity or...

This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...

After decades of steady liberalisation and financial market development, emerging capital markets experienced unparalleled capital inflows in the aftermath of the emerging markets crisis in the 1990s. This paper studies portfolio investment decisions of German banks in 30 emerging capital...

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...

We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing on a sample of European countries and using Kortum and Lerner’s (2000) empirical methodology. Using an 18-country panel covering the period 1991-2004, we study how private...