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Le LÉO s’inscrit pleinement dans les principes de la science ouverte et les recommandations du Plan national pour la science ouverte : la plupart des articles produits par les membres du LÉO passent par le statut préliminaire de Documents de Recherche permettant une mise à disposition plus rapide de la production scientifique du laboratoire avant même le processus d’évaluation par les pairs des revues scientifiques.

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Payment for Environmental Services and environmental tax under imperfect competition

Anneliese Krautkraemer Sonia Schwartz


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Entrepreneurship in developing countries: can mobile money play a role?

Ablam Estel Apeti Jean-Louis Combes Eyah Denise Edoh


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Innovations en matière de micro finance

Christian RIETSCH


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Mining the forests: do protected areas hinder mining-driven forest loss in Sub-Saharan Africa?

Jean-Louis COMBES Pascale COMBES MOTEL Manegdo Ulrich DOAMBA Youba NDIAYE


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Investor attention and intraday market reaction to ECB announcements

Roland Gillet Matthieu Picault Thomas Renault


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The art of conducting macropru

Yannick Lucotte, Florian Pradines-Jobet


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The inflation loop is not a myth

Yannick Lucotte, Florian Pradines-Jobet


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The Effects of Climate Change on Public Investment Efficiency in Resource-rich Countries : Evidence from Stochastic Frontier Analysis.

Yacouba COULIBALY


Developingcountriessufferdisproportionatelyfromthenegativeimpactsofclimate changeandenvironmentaldegradationoneconomicdevelopmentintermsoffinancial costs andlossofpotentialrevenues.Inthispaper,weexaminetheimpactofclimatechange on theefficiencyofpublicinvestmentin34developingcountries,withaparticularfocuson resource-richcountries,overtheperiod2000-2013.Usingstochasticfrontieranalysis(SFA) to determineefficiencyscores,wefindthatdevelopingcountriescouldincreasethecapital stockby29%onaveragewithoutchangingtheirpublicinvestmentspending.Inparticular, resource-richcountriescouldincreasethecapitalstockby26%withoutchangingtheir spending.Inthesecondstep,wethenusethefractionalregressionmodel(FRM)to capture theimpactofclimatechangeontheinvestmentefficiencyvaluesobtainedin the firststep.Ourresultsshowthatclimatechangehasanegativeimpactonpublic investmentefficiency.However,whentheclimatechangeindexisdisaggregatedforthe regressions, wefindthatonlyprecipitationhasanegativeeffect,whilea1°C temperature increase inresource-richcountriesleadstoa16.32%improvementinpublicinvestment efficiency ofGDP.Theseresultsarealsostatisticallyandeconomicallyrobusttodifferent controlsandspecifications.Themainfindingsofthispapersuggestthatpoliciestoaddress climate changeingeneralandheavyrainfallshocksinparticularshouldincludestrong provisionsforfinancingmoreresilientpublicinvestmentstoadapttoclimaticconditions and modernisepublicinfrastructurestomitigatethenegativeenvironmentalimpactsfor developingcountries,especiallyresource-richcountries.

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Are tax rates still decisive in FDI investment choice or what drives sectoral FDI nowadays?

Nicolae-Bogdan IANC


We explore the effects of effective taxation and institutional quality on sectoral FDI. Our analysis comprises European countries and we use data from 2002 to 2020. We employ a GMM approach and show that a rise in both apparent taxation and tax differential reduces sectoral FDI flow while soaring tax differential increase FDI stock. Among the institutional variables, tertiary enrollment attract FDI and secondary at- tainment has opposite results depending on the sectoral FDI. Our findings indicate that government should lower taxation for more FDI flows and strengthen tertiary and secondary enrollment

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Do Sanctions or Moral Costs Prevent the Formation of Cartel-Type Agreements ?

Béatrice BOULU-RESHEF Constance MONNIER-SCHLUMBERGER


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