We explore how the damaging effects of a sudden stop in capital inflows to a small open economy can be dampened by an increase in spending by foreign tourists. Tourism reduces the relative importance of the traded good sector, which is especially sensitive to a rise in the cost of foreign...

This paper offers an explanation of why, in Imperial China, the merchant class expanded and the economy modernized up to the 13th century, and why it entered into decline from the 14th century onward. The modernization of China required the accumulation of public capital and the building of good...

[fre] Fiscalité, charges sociales, qualifications et emploi. Étude à l'aide du modèle d'équilibre général calculable . de l'économie française : "Julien" . Jean-Pierre Laffargue . De 1960 à nos jours le taux de chômage a augmenté tendanciellement beaucoup plus pour les travailleurs...