This paper analyzes the determinants of credit cyclicality. It constructs a financial development index and studies whether it affects the amplitude of impulse responses to shocks to output, terms of trade, global liquidity, and global risk appetite. The paper uses both country-specific VARs for...

This paper studies the prospects for sustainable growth and economic development in Gabon in the face of a severe decline in its main source of income and growth i.e. oil. A simple Computable General Equilibrium model is used to simulate the development of the non-oil economy under various...

I examine in detail the motives of bilateral aid allocation decisions, as they are revealed by data on bilateral aid commitments. I identify both self-interest and recipient needs and merits motives in aid allocation. Self-interest motives are related to economic and political ties between...

Over the last ten years, health has received a higher priority in development policies, as shown by a sharp increase in health expenditure. This increase will contribute effectively to poverty reduction only if such expenditure is efficient and if access to health services becomes more...

Historically population health improvements and economic development are closely interrelated. The theme ?Health and Development? poses indeed a large number of both theoretical and empirical questions, and social policy issues in this area are obvious. The issue of bidirectional causality...

Historically population health improvements and economic development are closely interrelated. The theme ?Health and Development? poses indeed a large number of both theoretical and empirical questions, and social policy issues in this area are obvious. The issue of bidirectional causality...

[spa] Penuria de divisas y crisis de la agriculture comercial en Africa subsahariana, . por Jean-Claude Berthélemy y Christian Morrisson.. . En este artículo se presenta un análisis macroeconómico simple que permite explicar la aparición de una penuria de divisas en países africanos de...