In this paper, we consider a linear regression model with Gaussian autoregressive errors of order p = 2, which may be nonstationary. Exact inference methods (tests and confidence region) are developed for the autoregressive parameters and the regression coefficients. We generalize the method...

This paper assesses consequences of foreign aid reduction on WAEMU economies and the various adjustment mechanisms that must be implemented internally to support this situation. Indeed, using a computable dynamic recursive general equilibrium model of Décaluwé et al., (2013) calibrated on each...

This paper anticipates the impacts of program based budgeting on senegalese economy. According to the PEFA evaluation, Senegal is eligible to implement such reform. Results from an Intertemporal dynamic CGE model show an overall positive impact of the reform on the senegalese economy....

This study proposes a new simplified technique for moving from the static to the dynamic framework of computable general equilibrium (CGE) models. Emphasis is placed on dealing with convergence that can be constant or variable. We show that in variable coefficient convergence, the definition of...

This work examines the possible impact of slower economic growth in major trading partners on the Congolese economy during the period 2013-2020. It also offers an alternative way to finance the economy. A dynamic and micro simulated computable general equilibrium model applied to the case of the...

This paper seeks to analyze the impact of the revival of the on the economics of DR. Congo Congo. The analysis shows that in the short term, the integration of the ECGL has a negligible or negative impact on the Congolese economy, but the impact is not the same when we observe different...

The objective of this article is to estimate the effects of the population aging on the financial viability of the pension system and the macroeconomic evolution in a general way. To do it, we built a computational OLG model. The results show that the current ageing and which will accelerate in...

Our purpose is to examine the place and the role of the informal sector in the macroeconomic adjustment mechanisms of under-developed economies where the Market can henceforth be considered as the major way of resource allocation.Starting from one theoretical and empirical though about we...