Insurance coverage for natural disasters remains low in many exposed areas. A limited supply of insurance is commonly identified as a primary causal factor in this low insurance coverage. The French overseas departments provide a rare natural experiment of a well-developed supply of natural...

In this paper, we examine the effect of migrants’ remittances on poverty and inequality. The survey data were collected in Morocco, in the rural areas of the region Souss-Massa-Draa. By applying an original approach, we estimate the counterfactual income of remittance-recipient households...

Using the structural unobserved component (UC) modeling, this study analyzes the Senegalese economic growth path after 5 decades of independence by focusing on the potential output, the GDP cycle and the type of shocks on the GDP. Empirical evidence suggests that an inventory cycle mainly drives...

Public private partnerships allows public and local authorities to entrust an conomic operator both with regard to the financing structures and equipment that their design, construction, operation or management of public services, failing to be owners and by paying the operator of milestone...

This research examines the relationship between corporate governance in Lebanon and performance in financially economically distressed companies. Working under the auspices of agency theory assumption that decline is a situation where deteriorating performance exemplifies the deviation in...

We consider a problem of derivatives design under asymmetry of information: the principal sells a contingent claim to an agent, the type of whom he does not know. More precisely, the principal designs a contingent claim and prices it for each possible agent type, in such a way that each agent...

A rising share of renewables in the energy mix push es up the average price of energy - and so does a carbon tax. However the former bolsters the accumulation of capital whereas the latter, if fully recycled, does not. Thus, in general equilibrium, the effects on growth and intertemporal welfare...