The Democratic Republic of Congo (DRC) has faced persistent current account deficits despite a period of economic growth fueled by Foreign Direct Investment (FDI). This paper uses an Autoregressive Distributed Lag (ARDL) model and the Balance of Payments (BOP) framework to explore the dynamics...

In this article we investigate the effect of product market regulation on the international diffusion of productivity shocks. The results indicate that regulations that restrict competition slow the process of adjustment through which best practice production techniques diffuse across borders...

The Chinese economy does still not qualify as demand-driven economy. Its growth is based on investment. In fact successive waves of investment have emerged during the eighties and produced a piling-up of productive systems. A wave of small national enterprises and entrepreneurs, a second large...

Les réserves de change accumulées par certaines économies d’Asie émergente dépassent les montants justifiés par des motifs d’assurance. Reflet de stratégies de change mercantilistes, elles peuvent être le symptôme d’une croissance déséquilibrée.

Avec une croissance soutenue, une vague d'investissements directs étrangers sans précédent, et un net recul de la pauvreté, le bilan des quinze dernières années est largement positif pour l'Afrique sub-saharienne. Ce regain de croissance, qui s'est accompagné de réformes économiques...

This thesis aims to contribute to the rebirth of the industrialization paradigm in Africa and to provide exploitable recommendations for economic policies. This research can be summarized in three parts. The first part analyzes the relationships between sectors of rents and manufacturing. The...

This work aims at studying the macroeconomic impact of COVID-19 on the activity economic in DR Congo. To do this, a dynamic and stochastic general equilibrium model in the open economy is used and the model parameters are estimated using the Bayesian approach. The estimated data cover the period...

The real exchange rate alone cannot decide the fate of growth. The wider and less aggregative the model adopted, the lower is the effect of a currency depreciation. Especially when the depreciation monitored over a long period of time and integrated into the behaviour of economic actors. In the...

This paper examines the role of democracy in strengthening the resilience of developing economies in the face of exogenous external shocks. Our study uses the duration model to estimate how external shocks and democracy determine the probable duration of a spell of economic growth. Examining a...

Using the author’s recently constructed data set, this article measures the productivity performance of China’s 19 manufacturing industries, four mining industries, plus utilities, over the reform period 1980-2005. The approach is based on neoclassical assumptions on institutional settings...