This paper investigates and tests empirically the relationship between military expenditure, civil wars and economic performance in the Democratic Republic of Congo (DR Congo). Romer – Taylor model is estimated. The Econometric estimates show that there is a positive effect of military...

The intensification of international trade, reinforced by the interconnection of financial markets and the appearance of common economic shocks are the elements that contribute to explaining the co-movements of advanced and sub-Saharan economies. In this study, it is a question of measuring the...

Depuis 2006, le Mali subit de plein fouet les effets de la crise alimentaire mondiale avec des augmentations de prix allant jusqu'à 67%. Cette étude propose des simulations des impacts de cette crise et de diverses politiques de réponse sur le bien-être des enfants. Les impacts analysés se...

This article suggests a conceptual framework for analyzing the consequences of the recent prices increase on the poorest people in the world. The complexity of mechanisms at work is demonstrated. At the global level, the analysis points out that Sub Saharan Africa exhibits the worst situation...

During the marginalist controversy, full costers failed to convince economists of the superiority of full cost pricing over marginal theory of imperfect competition. The controversy was closed prematurely; various contributions published immediately thereafter in the fifties did not renew the...

Since the marginalist controversy held from 1939 to the mid-fifties, the full cost principle presents itself as an alternative to the marginalist theory of the producer’s equilibrium, without being able to shake its dominance. Yet, through decades, empirical investigations are rather...

We study information revelation in markets with pairwise meetings. We focus on the one sided case and perform a dynamic analysis of a constant entry flow model. The same question has been studied in an identical framework in Serrano and Yosha (1993) but they limit their analysis to the...

The recent economic and financial crisis in the euro area seems to question the theoretical solutions to coordinate economic policies in monetary unions. In this paper, we adress the current system of economic policy coordination within the WAEMU during 1994-2010. Using game theory and...