This paper establishes a link between deforestation and credit cycles in Latin American countries. The latter exhibit rapid deforestation rates as well as macroeconomic instability that is often rooted in credit booms and crunches episodes: data available on the last years show a coincidence...

The aim of this paper is to examine whether there is a co-insurance mechanism against provincial aggregate income fluctuations between the Chinese provinces. Our theoretical argument relies on the existence of an efficient allocation of risk between the Chinese provinces. According to this...

L'article propose d'expliquer l'évolution pro-cyclique de l'épargne en période de récession repérée en France. Le cadre théorique est celui de l'épargne de précaution qui est constituée par des ménages prudents pour se prémunir des effets de la nature risquée des revenus du travail....

The forest covers an important share of land area in many developing countries and represents an important source of revenue for governments. The other major contribution to government revenues in developing countries comes from printing money, namely the seigniorage. Using a simple theoretical...

In this note we provide a brief survey of the literature about the effects of exports instability in developing countries, mainly focused on commodity dependent economies. Whatever the nature of instability, exports instability generate major disturbances in those economies. Exports instability...

Dans cet article, nous examinons les conséquences de l’insécurité foncière sur la croissance économique au Brésil à partir d’un modèle dynamique d’une économie comportant un secteur agricole et un secteur manufacturé. La terre est à la fois un facteur de production spécifique...

The aim of this paper is to examine whether there is a co-insurance mechanism against provincial aggregate income fluctuations between the Chinese provinces. Our theoretical argument relies on the existence of an efficient allocation of risk between the Chinese provinces. According to this...

L'objectif de l'article est l'étude théorique du motif d'épargne de précaution dans l'hypothèse d'une substitution imparfaite de la richesse matérielle et de la richesse humaine. Celle-ci résulte dans le modèle, d'une part de l'imperfection du marché du crédit et d'autre part de la...

This paper focuses on the impact of property rights insecurity on deforestation in the Brazilian Legal Amazon. Deforestation is considered as a risk management strategy: property rights insecurity reduces the present value of forests and fosters forest conversion into agricultural and pasture...

One of the main subjects in the theory of economic growth is to explain regional differences among rates of growth. In this paper, we address this issue through the notion of the "underdevelopment trap". Such a trap may be the result of strategic complementarities between investment decisions...