None of the current migration policy indicators is really relevant. Thus, we have created one to assess the openness of OECD’s countries migratory policy to migration from developing countries. This openness is measured by the difference between the observed migration flows and theoretical...

Cette note a pour objet de rappeler certains résultats de la littérature sur les problèmes posés par l’introduction dans une régression économétrique de variables explicatives qui ont été précédemment estimées à partir d’une équation auxiliaire en première étape. Les...

On July 21, China slightly revalued the Renminbi and officially modified the exchange rate regime. Interpreting this move as only the outcome of international pressures to reduce international trade imbalances is however misleading. To support our argument, we explore the rationale of the July...

Currency substitution – the use of foreign money to finance transactions between domestic residents – is increasingly common in low income and transition economies. Traditionally, however, empirical models of the demand for money tend to concentrate exclusively on the other dimension of...

We estimate the demand for money in Vietnam during the 1990s within a framework which distinguishes between currency substitution and portfolio dimensions of dollarization. This leads to a representation for the demand function in which the long-run income elasticity of demand is no longer...

During the transition towards a market economy, the Vietnamese economy has embarked upon a path of lasting disinflation in a context of dollarization. In this study, a model shedding light on the determinants of inflation in the case of dollarization is developed and estimated with a two-step...

Currency substitution – the use of foreign money to finance transactions between domestic residents – is widespread in low income and transition economies. Traditionally, however, empirical models of the demand for money tend to concentrate on the portfolio, motive for holding foreign...

This paper aims at assessing the level of Human Development Index for La Réunion for the years 1985, 1990 and 1995-2005. It appears that the region experienced a significant progress of human development during this period. However, the gap between La Réunion and France is persistent in the...

On considère généralement que le développement des secteurs industriels est lié à la croissance ou au développement économique. Il est aussi usuel de considérer que les relatives mauvaises performances des pays africains sont expliquées par des obstacles à l’industrialisation,...

La politique d’ouverture aux flux migratoires en provenance des pays en développement est un des éléments importants des débats relatifs à l’immigration dans les pays industrialisés. Or, il n’existe pas à l’heure actuelle d’indicateurs satisfaisant de cette politique...