Actualités

Actualités

Croissance, Investissement et Corruption : une analyse sur PSTR

Mardi | 2010-04-27 Leila ALI AGA – libre Version ProvisoireCet article étudie à partir d’un échantillon de 101 pays entre1996 et 2006, la relation entre la croissance, l’investissement etla corruption. A l’aide de la méthodologie des panels à transitionlisse (PSTR), nous montrons qu’il existe une non linéarité entrela croissance et l’investissement par rapport à la corruption, ca-ractérisée par une transition lisse entre les deux régimes extrêmes.Plus précisement, les résultats obtenus suggèrent que la sensibi-lité de la croissance par rapport à […]

The FORWAST project : Design of Future Waste Policies for a Cleaner Europe

Mardi | 2010-04-20 B103 B. BRANDT – H. BUSCHMANN – Hans DAXB ECK – Bruno LEMIERE – J. SCHMIDT – S. VAXELAIRE – J. VILLENEUVE – B. WEIDEMA – libre In the wider context of sustainable development and environment protection, theconnections between the use of natural resources, their accumulation in the economyand waste generation and management, need to be more clearly understood. Wastemanagement policies may affect potentially all sectors. Their influence on the use ofnatural resources must also account for […]

The Pernicious Effects of Contaminated Data in Risk Management

Mardi | 2010-03-16 L. FRESARD – Christophe PERIGNON – A. WILHELMSSON – libre Banks hold capital to guard against unexpected surge in losses and long freezes infinancial markets. The minimum level of capital is set by banking regulators as a function ofthe banks’ own estimates of their risk exposures. As a result, a great challenge for both banksand regulators is to validate internal risk models. We show that a large fraction of US andinternational banks uses contaminated data when testing […]

The Regional Distribution of Public Employment: Theory and Evidence.

Mardi | 2010-03-09 B103 S. G. KESSING – Chiara STROZZI – Camélia TURCU The regional distribution of public employment is affected bythe role of public employment for inter-regional redistribution.We provide a theoretical framework that highlights the logic ofsuch policies and analyze the empirical evidence. Our empiricalstudy considers the regional distribution of public employmentusing regional data from 19 European countries. Using OLS aswell as IV estimations, we find significant results that public employmentis higher in regions that are poor relative to […]

The Choice of Adopting Inflation Targeting in Emerging Market Economies: Do Institutions Matter?

Mardi | 2010-02-23 B103 Yannick LUCOTTE – Grégory LEVIEUGE Over the last decade, a growing number of emerging market economies has adopted inflation targeting as monetary policy framework. In a recent paper, Freedman and Laxton (2009) ask the question “Why Inflation Targeting?”. This paper empirically investigates this question by analyzing a large set of institutional and political factors potentially associated with a country’s choice of IT in a sample of 50 emerging countries over the period of 1986-2005. Using a […]