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Since China's transition to a market economy, the labour productivity growth has been dramatically rapid, in particular since 1994. This speeding up has been accompanied by the reverse of the exchange rate policy of China, which has strongly depreciated its currency before 1994, and then either...

In this paper we examine whether absorptive capacity can constitute sufficient justification for rejecting the proposal of a large aid increase to support the ?big push?. We argue that the probability of a poverty trap exists for many countries, in particular the least developed countries (LDCs)...

Résumé : cet article tente de concilier deux courants de la littérature, l’un qui montre l’effet favorable du développement financier sur la croissance économique, l’autre l’effet défavorable des crises financières. L’hypothèse centrale est que l’instabilité du...

This paper considers why and how the Performance Based Allocation (PBA) used in multilateral development banks and in particular at IDA, could be improved by taking the structural handicaps of eligible countries into account. The PBA relies on a debatable definition of performance. It does not...

This paper considers why and how the Performance Based Allocation (PBA) used in multilateral development banks and in particular at IDA, could be improved by taking the structural handicaps of eligible countries into account. The PBA relies on a debatable definition of performance. It does not...

Most studies dedicated to Chinese inflation during the transition towards a market economy stressed the impact of monetary policy, through the effects of banking decentralisation on credit allocation between state and non state sectors. This papers aims at showing that exchange rate policy...

In spite of fifty years of presenting regional integration as a key element for Africa?s development, its progress remains stunted by several factors among which the insufficient funding dedicated to integration projects. For increasing this funding and its effectiveness, we need equitable...

Il existe un besoin majeur et amplement reconnu d’intégration régionale en Afrique. Répondre à ce besoin est pour la Banque africaine de développement un objectif prioritaire. Bien que des progrès substantiels aient été accomplis dans le soutien à l’intégration régionale, un...