Les gains de productivité constituent sur le moyen-long terme l’un des principaux vecteurs de développement d’une entreprise et, au niveau macro-économique, la principale source de l’élévation du niveau de vie moyen d’une population.

The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, we build a stochastic endogenous growth model for a small open economy that can (i) borrow from the rest of the world, (ii) invest in foreign assets, and...

This paper investigates the link between macroeconomic performance and the change in the poverty rate among 47 episodes of growth and 52 episodes of economic downturn in developing and transition economies. We show that, on average, (i) the greater the inequality, the lower the elasticity of...