[fre] Cycle politique partisan et crédibilité de parités fixes. . Cet article a pour objet d'expliquer pourquoi les régimes de changes fixes sont fragilisés après des échéances électorales. Dans un système bipartite, si l'un des partis ne peut soutenir des parités fixes de façon...

This paper investigates whether financial intermediary development influences macroeconomic technical efficiency on a sample of 47 countries, both developed and developing, over 1980-1995. We do so by applying Battese and Coelli (1995)’s method at the aggregate level. It is found that...

This paper assesses the relationship between institutions, output, and productivity, when official output is corrected for the size of the shadow economy. Our results confirm the usual positive impact of institutional quality on official output and total factor productivity, and its negative...