Mercredi | 2013-02-20 B103 Muhammad KHAN – Arslan Tariq RANA This paper tries to explain inflation-growth non-linearity through factors reallocation using a large panel dataset of 104 countries. Our empirical results, based on instrumental variable 2SLS model, substantiate the view that inflation (weakly) enhances the accumulation of physical capital and reduces the accumulation of human capital. This indicates the presence of „Tobin effect‟ for physical capital accumulation and substitution effect (between work and education) for human capital accumulation. Moreover, this […]

Mardi | 2013-02-19 B103 Jacques MELITZ – Farid TOUBAL We construct new series for common native language and common spoken language for 195 countries, which we use together with series for common official language and linguistic proximity in order to draw inferences about (1) the aggregate impact of all linguistic factors on bilateral trade, (2) whether the linguistic influences come from ethnicity and trust or ease of communication, and (3) in so far they come from ease of communication, to […]

Mercredi | 2013-02-13 B103 Armand FOUEJIEU AZANGUE

Mardi | 2013-02-12 B103 Ingrid DALLIMANN – Katrin MILLOCK We match data from the Indian census of 1991 and 2001 with climate data to test the hypothesis of climate variability as a push factor for internal migration. The main contribution of the analysis is to introduce relevant meteorological indicators of climate variability, based on the standardized precipitation index. Gravity-type estimations based on a utility maximization approach cannot reject the null hypothesis that the frequency of drought acts as a push […]

Mardi | 2013-02-05 B103 Mauricio APABLAZA – Florent BRESSON – Gaston YALONETZKY Most welfare studies are based on the assumption that wellbeing is monotonically related to the variables used for the analysis. While this assumption can be regarded as reasonable for many dimensions of wellbeing like income, education, or empowerment, there are some cases where it is definitively not relevant, in particular with respect to health. For instance, health status is often proxied using the Body Mass Index (BMI). Low […]

Mercredi | 2013-01-30 B103 Thierry EONA ABESSOLO

Mardi | 2013-01-29 B103 Lorenzo CAMPONOVO – Olivier SCAILLET – Fabio TROJANI Testing procedures for predictive regressions with lagged autoregressive variables imply a suboptimal inference in presence of small violations of ideal assumptions. We propose a novel testing framework resistant to such violations, which is consistent with nearly integrated regressors and applicable to multi-predictor settings, when the data may only approximately follow a predictive regression model. The Monte Carlo evidence demonstrates large improvements of our approach, while the empirical analysis […]

Mardi | 2013-01-22 B103 Kim OOSTERLINCK – L. URECHE-RANGAU – Jacques-Marie VASLIN – libre Following Waterloo managing French public finances represented a daunting task. Defeated France had lost a substantial part of its population and of its territory. Part of the country was occupied and France was to pay huge amounts as reparations to the victors. Furthermore France’s reputation had been tarnished by the partial default on its debts in 1797. Despite all these elements, in the ten years between […]

Mercredi | 2013-01-16 B103 Aurélien LEROY

Mardi | 2013-01-16 B103 Cem ERTUR – Antonio MUSOLESI This paper provides an econometric examination of geographic R&D spillovers among countries by focusing on the issue of cross-sectional dependence. By applying several unit root tests, we show that when the number of lags of the autoregressive component of augmented DickeyFuller test-type speciffications or the number of common factors is estimated in a model selection framework, the variables (total factor productivity and the R&D capital stocks) appear to be stationary. Then, […]