In The Trade Cycle, Roy Harrod [1936a] propounded the Law of Diminishing Elasticity of Demand. The present paper tries to clarify the precise role Harrod assigned to this law in order to understand his trade cycle theory. We discuss the micro and macro foundations of the Law of Diminishing...

Les études qui se sont intéressées aux performances du secteur du capital-investissement européen montrent toutes que ces dernières sont nettement inférieures à celles enregistrées par leurs homologues anglo-saxons. On a recherché pendant longtemps à identifier les déterminants de...

This paper analyzes the capacity of mobile-payment solutions to improve financial inclusion in developing countries. It elaborates from rural East African countries experiences where mobile payment services have developed rapidly. With a simple dynamic model which rationalizes traders' adoption...

Awareness of the environment and the need to protect it has increased markedly in recent decades, and market actors, consumers and other stakeholders have been progressively more aware of ecological issues. Awareness of the pollution caused by mass tourism has resulted in the emergence of the...

Alternative currencies continue to develop all around the world, taking various forms (material or immaterial) and fulfill various functions. They are created in order to promote the local economy development and to fight against social exclusion. They are principally aimed to low income people...

Since the expansion of environmental awareness and protection in recent decades, market actors, tourists and stake-holders, have been progressively more aware of ecological issues and conscious of existing pollution caused by mass tourism. Therefore, a new concept of sustainable tourism have...

The paper aims to investigate how the macro agent-based literature, which has developed intensively since 2000, analyzes the issue of financial instability. Within this new paradigm, attention is focused on two research communities engaged in researching this question: the Keynes and Schumpeter...