In this paper, we seek to know whether the smallholders in Senegal can benefit from the high world prices. By means of Enders and Siklos (2001) approach, we analyzed the asymmetry of price transmission from the global market to the Dakar market which is the central market in Senegal. Moreover,...

Due to the World Trade Organization’s (WTO) deadlocked multilateral trade negotiations, many countries have started to establish Free Trade Agreements (FTA). In this context, twelve countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the...

The central notion of the natural trading partner hypothesis is that a Free Trade Agreement (FTA) will be welfare enhancing for members if there is a strong level of bilateral trade complementarity among their trade structures. This paper presents an empirical examination of this issue with...

This paper uses panel data on bilateral FDI flows in the European Union to empirically analyze the impact of labor and corporate taxations on FDI decisions. While the effect of corporate taxes on FDI is well documented, the impact of labor taxes on FDI has been neglected. This is surprising...

The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...

Concerns specific to central bank independency, both on scientific and practical levels, have highly occurred in the ninth decade of the last century, thanks to the existence of some global and regional factors: adopting the objective related to steadiness of prices, liberalization of capitals...

With the current global economic crisis, European preaccesion and structural funds allocated by the European Unioun (which were and are quite consistent for Romania) may represent significant financial support for the acceding countries and those that joined in 2004 and 2007 to provide resources...

Considering social security as an autonomous and distinct phenomenon, as a constant and growing concern of the authorities to protect people affected by certain risks, simultaneously and without any reservation, we must accept the existence of a social security law. Social security research in...

The current complexity of life, carrying with it direct interdependencies, but also uncertainties of interpretation or misinterpretations, marked the process of European integration. The European Union is currently in an unprecedented stage. The twenty-seven states have generated a specific...

From ancient time, in the name of an primer instinct became a reason of being, the man travel, conquered the spaces from the need of relationship and progress. Alexander Macedonian, Napoleon Bonaparte are leaders of the crowds which carried the expansion in the name of ”vital space” through...