This paper presents an econometric analysis of 65 episodes of fiscal adjustment in the OECD from 1960 through 1992. The episodes are the ones that Perotti (1995) has identified as entailing major reductions of previous deficits. The paper estimates the effect on the growth of GDP and of...

One of the most striking characteristics of the transition process in central and eastern European countries is the labour market segmentation: certain social groups as the youth, unskilled workers and women face a high risk of unemployment, but joblesness also varies significantly across the...

This paper provides a short survey of the recent theoretical and the empirical literature on the existence of a negative relationship between economic inequality on one hand, and growth or economic development on the other. The emphasis of the paper is on the lessons to be drawn from these...

Ce texte presente quelques elements pour une economie des generations, autour de trois debats. Le premier, normatif, concerne la responsabilite des contemporains a l'egard de leurs successeurs : peut compter sur l'altruisme des individus pour leur descendance, ou l'Etat doit-il representer les...

This paper considers the Debreu [6] - Farell [10] - Fdre [7] measure of efficiency of merger to compare economic efficiencies of alternative merged entities in a homogenous good industry. The comparability results rely on concentration curve dominance relation and identify the class of cost...

Relatively little research has been conducted until now on the multidimensional aspect of poverty measurement, that is poverty measures defined on various income and non-income attributes and their gaps with respect to pre-specified subsistence levels. The present paper investigates the...

The paper presents a brief review of recent work that focuses on the normative economics of international trade. In an Heckscher Ohlin - like economy, with skilled and unskilled workers, the available redistributive tools, (that include income taxation) are not powerful enough to allow the...