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...

We study the processes of real convergence (per-capita GDP, period 1950-2005) and of nominal convergence (inflation rate, period 1973-2005) for a sample of MENA countries. Using the methods of dynamic analysis based on transition matrices (Markov processes) and stochastic kernels, we show that...

This paper analyzes the effects of the high economic openness of West African economies coupled with liability dollarization, on their economic activities. By using a dynamic stochastic general equilibrium model in a small open economy framework, and performing an experiment based on a case of...

The CEMAC’s countries are characterized by a weak diversification of their products and exports. Their economic performances are thus dependent of the activities of vulnerable sectors, and in general of the production of one or some raw materials. In fact, in spite of the growth of the weight...

Dans la littérature actuelle une controverse persiste quant à la validation sur données de panel de l'hypothèse selon laquelle le capital humain contribue à la croissance. Nous confirmons ce résultat à l'aide d'un échantillon comprenant 23 pays d'Afrique subsaharienne entre 1980 et 1997....

In this paper, we aim to test the empirical validity of the QTM relationship for the Turkish economy. Using some contemporaneous time series estimation techniques, our estimation results reveal that stationarity characteristics of the velocities of currency in circulation and the broad money...

The story of the choice of exchange rate regimes has not yet come to a consensus. Between early works on the subject (Mundell, 1961; McKinnon, 1963) and the most recent (Frenkel, 2017; Guzman et al., 2017), no superiority of a foreign exchange regime on the others is established ad vitam aeternam....

The story of the choice of exchange rate regimes has not yet come to a consensus. Between early works on the subject (Mundell, 1961; McKinnon, 1963) and the most recent (Frenkel, 2017; Guzman et al., 2017), no superiority of a foreign exchange regime on the others is established ad vitam aeternam....

La communication a pour objet l'évaluation des trajectoires suivies par les économies qui ont adopté récemment un régime de Currency Board. Après avoir identifié les motivations de ce choix et différencié les contextes de mise en application de cet arrangement monétaire institutionnel...