Nous considerons un modele dans lequel l'accumulation de capital huamin depend de deux inputs: l'effort prive d'education des individus et le poids du systeme educatif public represente par son taux d'encadrement. Ce dernier depend notamment du pourcentage d'enseignants qui est choisi par les...

In this paper, we analyse the macroeconomic impact of large scale privatization from the point of view of the neo-classical growth model.

L'analyse des effets de la privatisation porte généralement sur des aspects microéconomiques. Néanmoins, lorsque la privatisation est massive, l'évaluation de l'impact macroéconomique présente un grand intérêt. Dans un environnment de crise économique chronique, la privatisation peut...

The recent theorical literature on the political economy of growth displays contrasting findings on the nature of the political link between income inequality and growth. In this paper, we explain this contrast and argue that in a democracy, when redistribution is in the form of government...

Cross-country studies have found a negative relationship between income inequality and economic growth. The main problem with the cross-country analyses is the poor quality of the data an income distribution. This paper tests the robustness of the cross-country results to the use of a more...

This paper explores the effect of policy variability (or frequency of regime switching) on economic growth and welfare. We study a one sector growth model where investment can be subsidized at either a positive rate or not subsidized at all.

In 1997 the World Bank's wo vice-presidents for Sub-Saharan Africa attributed a significant improvement in Africa's growth prospects to the advent of a new generation of leaders, once largely statist and predecessors. This paper begins by tracing the evolution of African chief executives over...

The Stability and Growth Pact sets a medium-term target for fiscal policy of a budgetary position "close to balance of in surplus". This addition to the deficit rule defined by the Maastricht Treaty has been interpreted as an attempt to reconcile the objective of sound public finances with the...

This article investigates the incongruity between macroeconomic growth and poverty reduction or income distribution from a regional perspective, and relates it to the urbanization rates and the urban concentration. Using the case of the state of Ceara in Northeast Brazil, we find a persistent...

This paper analyzes the role of the structure of skills in economic development through investment in human capital. With a lack of cresit market for education and the presence of indivisibilities in investment in human capital as well as of congestion in the educational system, the initial...