Année : 2011

School-to-work transitions in Europe: Paths towards a permanent contract

Mardi | 2011-12-15 B103 Christelle GARROUSTE – Massimo LOI In a context of intensive and global economic competition, European countries are growingly concerned with the consequences of increasing numbers of young people temporarily or permanently prevented from entering the job market and the difficulties faced by college and university graduates to find adequate employment. This study is concerned with analyzing the speed of transition of students to permanent employment as a proxy of professional stability, and by identifying possible discriminatory […]

Etude de la non linéarité entre croissance et endettement extérieur : cas des pays de l’Union Economique et Monétaire Ouest Africaine

Mercredi | 2011-12-14 B103 Oumou GUISSE L’objectif de cet article est d’étudier la nature de la relation entre endettement extérieur et activité économique. L’étude se fait sur un panel constitué des pays membres de l’Union Economique et Monétaire Ouest Africaine (à l’exception de la Guinée Bissau) sur une période allant de 1970 à 2009. La méthodologie utilisée, celle développée par Hansen (1999), a permis d’étudier et d’estimer le niveau d’endettement soutenable maximal qui pourrait être favorable à la croissance économique.Ce […]

La structure du capital et la profitabilité. Une étude empirique sur données de panel françaises

Mardi | 2011-12-13 B103 Mazen KEBEWAR L’objectif de cet article est d’analyser l’impact de la structure du capital sur la profitabilité. Cet impact peut être expliqué par trois théories essentielles: la théorie du signal, l’influence de la fiscalité et la théorie de l’agence. Nous montrons, à partir d’un échantillon de 9136 entreprises réparties sur sept secteurs prises sur la période 1999-2006, à l’aide d’une étude sur panel dynamique en utilisant la méthode des moments généralisée (GMM), qu’il y a une […]

On the Non-linear Relationship between Inflation and Economic Growth

Mardi | 2011-12-06 B103 Comlanvi Jude EGGOH – Muhammad KHAN Using a large panel data of both developed and developing economies and based on the PSTR and dynamic GMM techniques, this paper highlights two aspects of the inflation-growth relationship. First, it analyzes non-linearity and offersseveral thresholds for the global sample as well as for different income specific sub-samples. Second, it identifies some indirect channels effectualfor inflation-growth non-linearity. Our empirical results substantiate both views and validate the fact that inflation-growth non-linearity […]

US Corporate Bond Yield Spread: A default risk debate

Mercredi | 2011-11-23 B103 Syed Muhammad Noaman Ahmed SHAH According to theoretical models of valuing risky corporate securities, risk of default is primary component in the overall yield spread. However, sizable empirical literature considers it otherwise by giving more importance to non-default risk factors. Current study empirically attempts to provide answer to this question by presuming that problem lies in the empirical measurement technique. By using post-hoc estimator approach of Lubotsky & Wittenberg 2006, we construct an efficient indicator for […]

Intertemporal Poverty comparisons

Mardi | 2011-11-08 B103 Florent BRESSON – Jean-Yves DUCLOS The paper deals with poverty orderings when the value of multidimensional attributes can be compared on a same scale, such as with income of different types or from different members of the same household. The dominance criteria extend the power of earlier multidimensional dominance tests (see Duclos et al. 2006) by making (reasonable) assumptions on the relative marginal contributions of each dimensional attribute to poverty. The paper focuses on an important […]

Gender Discrimination and Emigration : Push Factor or Selection Process ?

Mardi | 2011-10-25 B103 Thierry BAUDASSE – Rémi BAZILLIER – Cristina BOBOC-TRANDAS This paper aims at providing empirical evidences concerning the linkages betweengender equality and emigration. To analyze such linkages, two theoreticalhypothesis can be made. The rst one is that gender discrimination in origincountries can be a push factor for women. Therefore an improvement of genderequality would decrease the flow of female migrants. The second one is that gender discrimination may create a gender bias » in the selection of migrants […]

A Test for Determinism in Spatial Processes

Mardi | 2011-10-19 C003 Manuel RUIZ-MARIN We propose the first statistical test to determine, given a spatial process, if the spatial structure is generated by a deterministic, rather than by a stochastic, process. The conditions under which the test can be applied are really weak. The advantages of the presented methods are simplicity, invariance respect to monotonic transformations and the applicability of the test regardless the discrete or continuous nature of the data generating process. We conduct several simulation studies […]

What type of financing for innovative companies? Analysis of investment decisions by venture capitalists – Evidence from a theoretical model of venture capital financing in biotechnology companies

Mercredi | 2011-10-12 William TELKES Nowadays, many biotechnology companies are the source of scientific and technological breakthroughs and this is especially true in the pharmaceutical industry. However, developing such innovations is particularly risky. As these innovative ventures evolve in a context of high uncertainty and as their financial needs are quite large, especially when it comes to fund clinical tests, many of them have great difficulties in finding potential funding sources. Many traditional funding sources, such as banks, are unwilling […]