In The Trade Cycle, Roy Harrod [1936a] propounded the Law of Diminishing Elasticity of Demand. The present paper tries to clarify the precise role Harrod assigned to this law in order to understand his trade cycle theory. We discuss the micro and macro foundations of the Law of Diminishing...

Les études qui se sont intéressées aux performances du secteur du capital-investissement européen montrent toutes que ces dernières sont nettement inférieures à celles enregistrées par leurs homologues anglo-saxons. On a recherché pendant longtemps à identifier les déterminants de...

This paper analyzes the capacity of mobile-payment solutions to improve financial inclusion in developing countries. It elaborates from rural East African countries experiences where mobile payment services have developed rapidly. With a simple dynamic model which rationalizes traders' adoption...

Awareness of the environment and the need to protect it has increased markedly in recent decades, and market actors, consumers and other stakeholders have been progressively more aware of ecological issues. Awareness of the pollution caused by mass tourism has resulted in the emergence of the...

Alternative currencies continue to develop all around the world, taking various forms (material or immaterial) and fulfill various functions. They are created in order to promote the local economy development and to fight against social exclusion. They are principally aimed to low income people...

Since the expansion of environmental awareness and protection in recent decades, market actors, tourists and stake-holders, have been progressively more aware of ecological issues and conscious of existing pollution caused by mass tourism. Therefore, a new concept of sustainable tourism have...

Space has only recently become a terrain of strenuous economic research. With the New Economic Geography (NEG) integrating into mainstream, many spatial subjects, including territorial, or regional, competitiveness are being increasingly inquired. In line with Krugman (2003), we argue that it is...

Le plan carrière de 2008 a permis une revalorisation des salaires des Maîtres de Conférences nouvellement recrutés ainsi qu'une hausse significative des taux de promotion, ce qui s'est traduit par un nouvel écrasement des hiérarchies salariales pour les enseignants-chercheurs. La...

This paper draws on the results of World Bank Enterprise surveys to investigate the relation between financials constraints and innovation performance for a sample of firms in 9 African nations: Ethiopia, Zimbabwe, Rwanda, the Central African Republic, Uganda, Zambia, Tanzania, Ghana and the...