The present contribution tests whether countries can be pooled when studying the financegrowth nexus. Overall, our results point toward a ‘pragmatic’ positive answer, though considerable heterogeneity is present among developing countries.

In this paper, we analyse post-entry and pre-exit performance of French manufacturing firms using a dataset covering 14 industries over the period 1990-2002. Our purpose is to shed light on the working of market selection mechanisms within French manufacturing industries. We found that market...

The reversal in the trend of productivity growth between the US and the UK on one side, and the main countries of continental Europe on the other, appears with great evidence from the data. The current debate focuses on differences in labour market performance, which should account for the...

A new algorithm is developed to solve models with heterogeneous agents and aggregate uncertainty that avoids some disadvantages of the prevailing algorithm that strongly relies on simulation techniques and is easier to implement than existing algorithms. A key aspect of the algorithm is a new...

In 2003 Chancellor Schroeder launched an ambitious structural reform package (Agenda 2010), that simultaneously reformed the pension system and the labour market (following the proposition of the Hartz commission report, of August 2002). This program reinforced a trend already visible since the...

The European Constitutional Treaty (ECT) was presented by its drafters as an explicit constitution for the European Union (EU 25). A possible explanation for its rejection by the French and Dutch citizens in the course of spring 2005 is that it did not sufficiently amend the implicit...

The phenomena of globalisation is happening in a world populated by nation States, without any emptiness in between the Nations. What is the function of a Nation state if not to protect its population ? More than ever the Nation States of the world are well and alive – the hyper power of the...

This paper emphasises that, for the less advanced European Union countries, FDI inflows are an important engine of convergence towards their more advanced counterparts. In general, CEECs and Cohesion countries hosting FDI tend to grow faster than those receiving few FDI. Not only the level but...

Cette projection de l’économie française à l’horizon de six ans—de 2006 à 2011—a été réalisée par l’Observatoire Français des Conjonctures Economiques (OFCE) pour le Sénat, à l’aide de son modèle de simulation de l’économie française (e-mod.fr). Son approche est...

Le nouveau scénario affiché par l’INSEE modifie en profondeur le paysage de l’activité française à long terme. Les précédentes projections dressaient un tableau beaucoup plus sombre quant à l’évolution du nombre d’actifs pour le demi-siècle à venir. De telles révisions ont en...