This paper is an attempt to explain differences in economic performance between a subset of OECD countries. We classify countries in terms of their degree of rigidity in the labor market, and use a matching model with labor/leisure choice, bargaining frictions, and labor income taxation to...

This paper shows that a model which combines sticky prices and sticky wages with investment in the cash-in-advance constraint generates business cycle dynamics consistent with empirical evidence. The model reproduces the responses of the key macroeconomic variables to technology and money supply...

While electoral accountability should be stronger when responsibilities are clearly assigned to one political office, the involvement of higher tiers of government is often associated with policies specifically designed to improve local accountability. This paper investigates the impact of...

Nous utilisons un modèle LSTVAR (Logistic Smooth transition Vector Auto Regression) pour questionner la présence d’une relation asymétrique entre la variation du prix du pétrole et les rendements de l’indice SP 500. Les tests statistiques nous ont confortés dans l’utilisation du...

Malgré les progrès notables de la médecine, la mortalité infanto-juvénile reste un enjeu majeur dans les pays en développement. L’une des principales causes de cette mortalité, la malnutrition, reste un fléau important et sa réduction demeure la cible principale de nombreuses...

This paper uses a dynamic CGE model, calibrated to detailed Chinese emissions data, to assess two important questions. What can we reasonably expect Chinese emissions trends to look like over the next three decades? Secondly, what would be the appropriate policy interventions to flatten Chinese...

Capital markets may be an important tool in the reduction of pollution emissions. Indeed, they provide firms with an incentive to maintain a good environmental record (or at least, a good reputation) in order to maximize the value of their equity shares. Also, efficient capital markets may...

A Monte Carlo investigation shows that the rejection probability of the structural stability test of Andrews (2003) depends on several characteristics of the DGP, one of which is the length of the hypothesized break period. This is analyzed and found to be caused, at least in part, by the fact...

The report presents results of the Statistics Canada Innovation Survey, 1999 regarding the use of government programs supporting R&D and innovation by Canadian manufacturing firms and the relationship between the support received and the R&D and innovation performance. The percentage of firms...

Dans ce travail nous utilisons un modèle d’équilibre général calculable mutli-ménages intégrés pour analyser l’impact de la construction d’une autoroute à péage entre Dakar et Thiès au Sénégal, sur la pauvreté et les inégalités. Nous avons simulé différents scénarios...