Relying on census data collected in 2002 and historical weather data for Uganda, this paper estimates the impact of weather-induced internal migration on the probability for non-migrants living in the destination regions to be employed. Consistent with the prediction of a simple theoretical...

Partant des observations empiriques et de l’analyse économique de Rueff (1925, 1931) concernant le chômage anglais des années 1920, cet article montre que l’auteur distinguait : [a] un chômage « permanent » attribuable à un excès des salaires réels par rapport au rendement du...

From a macroeconomic perspective and in accordance with the Wage Setting – Price Setting model (WS- PS, Layard - Nickel - Jackman (1991)), this paper aims to give a simple and simultaneous representation of the dynamics of the unemployment rate and the wage rate in France over the period of...

Micro-founded dynamic stochastic general equilibrium (DSGE) models appear to be particularly suited for evaluating the consequences of alternative macroeconomic policies. Recently, increasing efforts have been undertaken by policymakers to use these models for forecasting, although this proved...

As both speculative and hedging financial flows into commodity futures are expected to link commodity price formation more strongly to equity indices, we investigate whether these processes also create increased correlation amongst the commodities themselves. Considering U.S. oil and gas...

This paper employs a conditional version of the International Capital Asset Pricing Model (ICAPM) to investigate the determinants of regional integration of stock markets in the Latin America over the period 1996-2008. This model allows for three sources of time-varying risks: common regional...

This paper evaluates the time-varying integration of the Singapore stock market in the ASEAN-5 region based on

This paper tests the time-varying degree of South Asian market integration using a conditional version of the International Capital Asset Pricing Model ICAPM, and applying a GDC-GARCH. The use of the GDC-GARCH technique allows us to, first, describe the timevarying stochastic conditional...

This paper analyzes the time-varying integration of the Greek stock market from a regional

Over recent years, several emerging market regions have actively taken part in globalisation movements and world market integration. However, the financial integration processes appear to vary over time, and differ considerably from one region to another. This paper investigates intraregional...