The members and president of the jury warmly congratulate Hugo ORIOLA for his brilliant thesis defense which focuses on the direct or indirect impact of the actions of the central bank on the outcome of the elections.


Why is it so difficult to reform pensions in France? A reflection by Anne Lavigne, Professor of Economics at the LÉO and Advisor to the COR from 2016 to 2022


Economy in Orléans: the LEO and the future university campus will open on the Porte-Madeleine site in September 2025


The Orléans Economics Laboratory is a host team at the University of Orléans.

It has about a hundred members, whose research covers three main areas of expertise:

Lab news

Latest publications

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Who gets injured at home? Evidence from older people in France

Liliane Bonnal, Greivis Buitrago Gámez, Pascal Favard, Cornel Oros

Bulletin of Economic Research - 2023-04

The study analyses unintentional home and leisure injuries (HLIs) for the French senior population using data from the 2012 wave of the French health, health care and insurance survey. The results of our logit models reveal that health status, age, and risky attitudes are the main characteristics associated with HLIs for older people. When the severity of injuries is taken into consideration, the highest exposure to HLIs concerns the oldest seniors, aged 85 years old or older, with deteriorated health. This result is confirmed in the case of severe indoor HLIs, whereas for severe outdoor injuries, the most vulnerable individuals seem to be younger seniors, that is, 75–79 years old. Moreover, our findings suggest that HLIs, and mainly severe home HLIs, generate a short-term influence on a person's health.

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Que nous apprend la littérature récente sur la « nature et les causes de la richesse des nations » ?

Jean-Louis Combes, Pascale Combes Motel

Mondes en Développement - 2023-02-09

This literature review covers recent works dealing with the ultimate causes of economic development. The article first considers the driving role of the rules of the social game. Then the focus shifts to the role of historical circumstances. Finally, we seek to understand how geography can influence development paths. These studies are multidisciplinary and use new databases. The results should not imply that there is a cultural, historical or geographical determinism. That is, historical contingencies and economic policy decisions can foster lasting changes in development trajectories.

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Does youth resentment matter in understanding the surge of extremist violence in Burkina Faso?

Alexandra Tebkieta Tapsoba, Jean-Louis Combes, Pascale Combes Motel


The paper aims to highlight the impact of youth resentment on violent conflicts in Burkina Faso. This work takes advantage of one of the latest nationwide UNICEF-sponsored surveys conducted in Burkina Faso before some parts of the country became inaccessible because of attacks. Among other information, this survey collected data on youth resentment towards the ability of their household to fulfill their needs. This resentment is closely related to perceived relative deprivation. We merge this survey into an original dataset that gathers data from the Armed Conflict Location and Event Data Project (ACLED), mining data from the MINEX project, and distances data computed using Burkina Faso’s roads information. The results of an event count model show that youth resentment explains the occurrence of conflicts. Moreover, the presence of mining companies, the remoteness from infrastructures, ethnic diversity, and polarization also significantly affect violence against civilians.

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The “Build-Back-Better” concept for reconstruction of critical Infrastructure: A review

Rita Der Sarkissian, Youssef Diab, Marc Vuillet

Safety Science - 2023-01

Summary not available.

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On the Macroeconomic Effects of Fiscal Reforms: Fiscal Rules and Public Expenditure Efficiency

Ablam Estel Apeti, Bao-We-Wal Bambe, Jean-Louis Combes


We ask whether fiscal rules improve public expenditure efficiency. That is, after computing efficiency scores for a panel of 159 countries of all income levels over the period 1990-2017, we apply the entropy balancing method to assess the effect of fiscal rules on the scores obtained, thus mitigating selection bias. Evidence suggests that implementing a fiscal rule significantly increases expenditure efficiency, with economically significant effects. Robustness was checked using a range of economic and econometric tests. Moreover, we show that our findings are neither driven by a spurious trend, nor by confounding factors, nor are they confounded by the effects of other reforms such as inflation targeting, IMF programs or fiscal consolidation episodes. Finally, further analysis suggests that the effect of fiscal rules on public expenditure efficiency is subject to some heterogeneity, depending on the types of rules, their design, macroeconomic factors as well as time elapsed since the reform adoption.

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Investigating the land degradation neutrality—disaster risk reduction nexus in Lebanon

Mario Al Sayah, Chadi Abdallah, Rita Der Sarkissian, Konstantinos Kaffas, Samah Termos

Arabian Journal of Geosciences - 2023-01

Summary not available.

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Research Documents

> All documents

The inflation loop is not a myth

Yannick Lucotte, Florian Pradines-Jobet


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



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

Nicolae-Bogdan IANC


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



Can Resource-backed Loans Mitigate Climate Change ?



Are Additional Payments for Environmental Services Efficient?



Digital finance, development, and climate change

Sébastien GALANTI Ҫiğdem Yilmaz ӦZSOY


Growth, Lockdown and the Dynamics of the Covid-19 Pandemic

Luciana BARTOLINI, Francesco MAGRIS Alissa STEL


How Do Natural Resource – Backed Loans Affect the Public Debt Sustainability in Developing Countries? Empirical Evidence

Yacouba COULIBALY Alexandru MINEA Patrick VILLIEU


An Experimental Analysis of Investor Sentiment



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