This article analyzes the hysteresis hypothesis in the unemployment rates of the four French overseas regions (Guadeloupe, Martinique, Guyana, Reunion) [FORs] over the period 1993-2008. We use standard univariate and panel unit root tests, among them Choi (2006) and Lopez (2009) that account for...

In this paper, we propose to identify the dependence structure existing between the returns of equity and commodity futures and its evolution through the past 20 years. The key point is that we do not do not impose the dependence structure but let the data select it. To do so, we model the...

Determining whether per capita output can be characterized by a stochastic trend is complicated by the fact that infrequent breaks in trend can bias standard unit root tests towards non-rejection of the unit root hypothesis. The bulk of the existing literature has focused on the application of...

We study the behavior of inflation rates among the 12 initial Euro countries in order to test whether and when the group convergence initially dictated by the Maastricht treaty and now by the ECB, occurs. We also assess the impact of events such as the advent of the Euro and the 2008 financial...

Despite decades of disaggregated initiatives aimed at improving the well-being and quality of life of its employees, their families, communities and stakeholders, many high-technology firms are still struggling to develop an integrated approach to address the triple bottom line aspects of...

L’évolution du taux de change peut être un indicateur de déséquilibres macroéconomiques. L’estimation du taux de change d’équilibre reste toutefois un exercice difficile et plusieurs approches sont proposées par la littérature. L’application de ces méthodes aux pays de la zone...

Este trabajo tiene como objeto el estudio de la performance y persistencia de los fondos de inversión inmobiliaria españoles, desde el inicio de su actividad a finales de 1994 hasta 2005. Utilizamos el alfa de Jensen en una versión alternativa a la tradicional que incluye índices adicionales...