This paper has two objectives: to characterize the exposure of developing countries to the international income, prices and monetary shocks and to calculate the social well-being in the period of contagion. Firstly, we develop a theoretical model with a world composed of two countries (developed...

French Abstract: Nous proposons un modèle à deux pays: un pays en développement exportateur de matières premières et importateur de produits finis, et une économie avancée. La variation des échanges commerciaux du pays en développement suite aux chocs de revenu et de prix internationaux...

The environmental poverty trap (see for example: Fodha and Seegmuller, 2012; 2014) gives renewed interest to the analysis of the economic effects of environmental policy financing in developing countries. Our contribution to the literature is to analyze the effect on public debt dynamics of...