This paper uses a unique database that provides value-added, employment, and population levels for the entire set of French departments for the years 1860, 1930, and 2000. These data cover three sectors: agriculture, manufacturing, and services. This allows us to study the evolution of spatial...

La globalización y la saturación de los mercados ha reforzado la competencia. Por ello, actualmente las empresas otorgan una gran importancia a la imagen ya que ayuda a formar la conducta de los consumidores. Lo mismo ocurre con la imagen de marca de los países ya que afecta en sentido...

L'article se propose d'appliquer à l'économie la distinction, classique en philosophie des sciences, des propositions analytiques et synthétiques. Après avoir brièvement repris la théorie de cette distinction, il la fait jouer sur deux exemples micro-économiques (les définitions des...

Dans l'UEM, la concurrence fiscale qui sévit fait peser un risque non négligeable sur l'ampleur des mesures redistributives mises en oeuvre dans chaque pays. A partir d'un modèle théorique d'union à deux pays au sein de laquelle le travail qualifié et le capital physique peuvent se...

This paper attempts to give new explanations of the spatial patterns of collaborations focusing on the partners' connection process. Taking into account actors are embedded in an historical and socio-economical space, we first consider organizations can construct a new collaboration or renew an...

Policy makers as well as many economists recognize geological Carbon Capture and Sequestration (CCS) as a key option to avoid costly emission reduction. While an extreme perspective is to envision CCS as a magic bullet to solve the issue of climate change, the economics perspective is more...

We define a simple and tractable method for adding the Leverage effect in general volatility predictions. As an application, we compare volatility predictions with and without Leverage on the SP500 Index during the period 2002-2010.

The purpose of this note is to describe a risk management procedure applicable to options on large credit portfolios such as CDO tranches on iTraxx or CDX. Credit spread risk is dynamically hedged using single name defaultable claims such as CDS while default risk is kept under control thanks to...

In this paper we consider a two-sector endogenous growth model where the productions of the final good and human capital require economy-wide external effects. Assuming constant returns to scale at the private and social levels, we show that local and global indeterminacy of equilibrium paths...

Despite some progress, there is still evidence of discrimination on the grounds of gender and ethnic or racial origins in OECD labour markets. Field experiments show pervasive ethnic discrimination in many countries. We show indirect cross-country/time-series evidence that, using product market...