Using the French annual database (1950-2009), we conducted a time-series analysis to explain the role of GDP per capita on HCE (Health Care Expenditure) per capita taking into account structural breaks and non-linearity in the long-term economic relationship between HCE and GDP, controlling for...

This paper is a contribution to the on-going debate over whether there is a relationship between energy consumption and economic growth. Although the oil exporting countries are among the most energy-intensive economies in the world, little attention has been paid to the features of their energy...

The deforestation factors at a global level have been widely studied in the empirical economic literature. However, the high heterogeneity among countries considerably limits the overall significance of the results. Using quantile approach, we show thatsome major deforestation factors are more...

The aim of this paper is to analyse the adjustment process of real effective exchange rates towards their equilibrium level for the cfa zone countries over the period 1985-2007. Accordingly, we estimate a panel smooth transition error correction model in order to take into account non-linear...

This paper estimates a nonlinear Threshold-VAR to investigate if a Keynesian liquidity trap due to a speculative motive was in place in the U.S. Great Depression and the recent Great Recession. We find clear evidence in favor of a breakdown of the liquidity effect after an unexpected increase in...

[eng] Dating the French Business Cycle : a Probabilistic Reading . This article uses a «Markov-switching» model to date the French cycle. It reproduces in fine a satisfying periodicity which detects effectively the recessions of the French economy. Furthermore, the chronology derived by the...

The resource curse hypothesis relies on the resource-rich countries tendency to grow slower than resource-poor countries. Focusing on forest issues, this paper extends the resource curse hypothesis to environmental degradation: how do forest endowment and forest harvesting affect deforestation?...

Abstract: The Tobin tax has experienced a chaotic existence. Ignored for a long time by economists, it became very popular at the end of the 1990?s, because of the spreading of financial crises and its global solidarity relevance. Nowadays the Tobin tax proposition seems to be quite forgotten....