This article analyzes the hysteresis hypothesis in the unemployment rates of the four French overseas regions (Guadeloupe, Martinique, Guyana, Reunion) [FORs] over the period 1993-2008. We use standard univariate and panel unit root tests, among them Choi (2006) and Lopez (2009) that account for...

In this paper we re-examine the purchasing power parity (PPP) in Australia for the period February 1970 to April 2005 using an alternative method relative to the previous studies. We underlined large shocks due to depreciations that affected the Australian exchange rate, using outlier...

This article aims at building a new composite index measuring sustainable development for small island economies. The Human Development Index is adapted to the reality of insularity by taking into account different aspects among which economic vulnerability and environmental sustainability....

This article aims at analyzing the problem of real exchange rate appreciation and competitiveness in the EU's ultra-peripheral regions by the case study of La Reunion Island. After describing economic characteristics of this French overseas department, such as the large deficit of the trade...

In this paper, we propose a new way to simulate an optimal Human Development Index [HDI]. Indeed, the formulation of the original HDI established by the United Nations Development Programme [UNDP] relies on a major methodological shortcoming, namely the contestable assumption that all component...

This article presents a synthetic model of the « NATural Real EXchange rate » approach for a small open « developed » economy constrained by an imperfect international capital mobility. In accordance with the conventional NATREX wisdom, the determination of the equilibrium real exchange rate...

This article aims at presenting a theoretical survey relative to the microeconomic approach of the equilibrium real exchange rate. The exchange rate concept considered within this framework is the internal real exchange rate that is the relative price of nontradables. To this regard, we develop...