Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first empirical investigation on the TFP growth channel....

Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first empirical investigation on the TFP growth channel....

Under nutrition of children in Senegal is considered a serious public health problem. Its negative effects are particularly felt in rural areas often characterized by extreme poverty. The objective of this paper is to measure the impact of the construction of basic social infrastructures on the...

This paper examines empirically one of the most popular views in international economics, yet barely tested: undervaluation of the currency is a "beggar-thy-neighbor" policy. It assesses simultaneously the two closely related implications of the beggar-thy-neighbor view: (i) undervaluation of...

Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the "capital accumulation channel" and the "total factor productivity (TFP) growth channel". This paper carries out the first empirical investigation on the TFP growth channel. More...

Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first empirical investigation on the TFP growth channel....

The economic transition in post-communist countries generated a new phenomenon: open unemployment. Since the beginning of the reforms, the official unemployment rates have been very high in the CEECs (Central and Eastern European Countries), compared to the NIS (New Independent States from the...

De 1980 à 2002, l’industrie française a perdu 1 500 000 emplois. La croissance des importations en provenance des pays émergents dans les secteurs ayant perdu le plus d’emplois suggère que les délocalisations et le commerce avec ces pays pourraient en être responsables. Dans le même...

The relationship between the current account and the macroeconomic development remains an important issue in an open economy. Recently, global current account imbalances, and more specifically the large deficit in the United States and the surplus in China and other Asian economies, continue to...

The topic of this paper is the time needed by China for becoming the largest economy in the world, based on the current tendency of development. Four factors are estimated: GDP, speed of growth, exchange rate and GDP deflator. The results of the estimations lead to think that chinese economy...