This paper looks at the relationship between natural resource degradation and income diversification for fishing communities in southern Benin. We find that the higher the degradation of the fishery stock, the more fishers diversify their income away from the fishery sector. However, given the...

We study the co-existence of two community-based institutions for fisheries management in Benin: a traditional institution embedded in the Voodoo religion and a recent secular institution in the form of fishing committees. Using household survey data on fishing activities, we find that rules of...

We study the co-existence of two community-based institutions for fisheries management in Benin: a traditional institution embedded in the Voodoo religion and a recent secular institution in the form of fishing committees. Using household survey data on fishing activities, we find that rules of...

This paper develops a Spatial Vector Auto-Regressive (SpVAR) model that takes into account both the time and the spatial dimensions of economic shocks. We apply this framework to analyze the propagation through space and time of macroeconomic (inflation, output gap and interest rate) shocks in...

This paper presents a dynamic factor model in which the extracted factors and shocks are given a clear economic interpretation. The economic interpretation of the factors is obtained by means of a set of over-identifying loading restrictions, while the structural shocks are estimated following...

This paper presents a dynamic factor model in which the extracted factors and shocks are given a clear economic interpretation. The economic interpretation of the factors is obtained by means of a set of over-identifying loading restrictions, while the structural shocks are estimated following...

In West Africa, the Value Added Tax (VAT) policy consists of a uniform tax rate, but several items consumed by rich and poor households, are exempted. We provide an optimal tax framework to reflect on the welfare effects of such a tariff structure, in the context of current debates on domestic...