(VF)L’objet de cette étude est d'évaluer l'impact des blocs régionaux africains sur les flux commerciaux, tout en prenant en compte l'interdépendance spatiale entre ces flux. À cet effet, nous dérivons une équation de gravité spatiale en relâchant l'hypothèse implicite que les flux...

This paper presents an essay on empirical testing procedure for economic convergence. Referring to the unit root test proposed by Moon and Perron (2004), we proposed a modified Evans (1996)testing procedure of the convergence hypothesis. The advantage of this modified procedure is that it makes...

The aim of this paper is to analyze the relationships between common shocks affecting the real economy and those underlying co-fluctuations in U.S. financial markets. In order to do this, we test for links between these common factors and also use the econometric theory of nonstationary panel...

This paper reports the results of an experimental wine auction. Participants of the experiment were randomly assigned to three rooms. In each room four wines had to be evaluated, but the level of information to which participants had access differed across rooms. After the evaluations, the wines...