Publications

juillet 2016 Information sharing, credit booms, and financial stability: lessons for developing economies Samuel GUÉRINEAU, Florian LÉON

The global financial crisis has highlighted the vulnerability of financial systems and stressed the need for improving the management of financial vulnerability. The financial stability issue in low-income countries has received less attention in recent years, insofar as they have been less impacted by the global financial crisis than emerging economies. Guérineau and Léon (2016) […]

juillet 2016 Éléments de réflexion sur la définition d’un indicateur de Soutien public total au développement durable (SPTDD) Matthieu BOUSSICHAS

Un nouvel indicateur : pourquoi et pour quoi ? Financer le développement implique la combinaison de nombreuses ressources de nature différente : privées, publiques, internes et internationales. Bien mesurer ces ressources est un prérequis à un financement efficace. Or, la palette d’instruments qui permet de les mobiliser ainsi que le champ couvert par le développement se sont grandement […]

juillet 2016 Economic Volatility and Inequality: Do Aid and Remittances Matter? Lisa CHAUVET, Marin FERRY, Patrick GUILLAUMONT, Sylviane GUILLAUMONT JEANNENEY, Sampawende J.-A. TAPSOBA, Laurent WAGNER

We examine the adverse impact of macroeconomic volatility on inequality and the role that aid and remittances could play in mitigating this effect. Using a panel of 142 countries over 1973-2012, we find that macroeconomic volatility widens income equality with the poorest being most exposed. However, while aid and remittances do not seem to have […]

juillet 2016 Les flux de capitaux internationaux affectent-ils la croissance économique des pays en développement ? Jean-Louis COMBES, Tidiane KINDA, Aminata HAIDARA, Rasmané OUEDRAOGO, Patrick PLANE, Ousmane SAMBA MAMADOU

L’impact des entrées de capitaux sur la croissance économique reste un sujet débattu. Ce document revisite la question en se concentrant sur un large échantillon de pays à faible revenu et à revenu intermédiaire. Plusieurs hypothèses sont explorées tant par rapport au volume, qu’à la composition ou aux fluctuations de ces ressources externes. L’idée principale […]

juillet 2016 Information sharing, credit booms, and financial stability Samuel GUÉRINEAU, Florian LÉON

This paper analyzes the impact of credit information sharing on financial stability, drawing special attention to its interactions with credit booms. A probit estimation of financial vulnerability episodes – identified by jumps of the ratio of non-performing loans to total loans, is run for a sample of 159 countries dividing in two sub-samples according to […]

juillet 2016 Volatility Widens Inequality. Could Aid and Remittances Help? Lisa CHAUVET, Marin FERRY, Patrick GUILLAUMONT, Sylviane GUILLAUMONT JEANNENEY, Sampawende J.-A. TAPSOBA, Laurent WAGNER

We analyse the relationship between income volatility and inequality and the conditional role played by aid and remittances. Using a panel of 142 countries for the period 1973 to 2012, we find that income volatility has an adverse impact on inequality, and that the poorest people are the most exposed to these fluctuations. However, while […]

juillet 2016 Does It Pour When it Rains? Capital Flows and Economic Growth in Developing Countries Jean-Louis COMBES, Patrick PLANE, Tidiane KINDA, Rasmané OUEDRAOGO

This paper assesses the impact of capital inflows and their composition on the real exchange rate and economic growth in developing countries. Capital inflows can directly support economic growth by relaxing constraints on domestic resources, but can also indirectly weaken growth through the appreciation of the real exchange rate. We employ the Generalized Method of […]

juillet 2016 Climate instability, urbanization and international migration Mathilde MAUREL, Michele TUCCIO

This paper focuses on climate-induced migration. We construct a simple theoretical model where, in a first step, climate shocks accelerate the transition from the traditional to the modern sector, leading rural workers to move to urban centres within national borders, while in a second step, downward pressures on wages due to the greater labour supply […]

juillet 2016 Parler une même langue: un atout économique Céline CARRERE, Maria MASOOD

La francophonie permet de promouvoir les échanges commerciaux, et ainsi la croissance. Elle semble également offrir une meilleure résilience économique en période de crise. Mais quelle leçon pour l'avenir de l'espace francophone? Un ouvrage de la Ferdi intitulé "l'impact économique des langues" offre de nouvelles pistes de réflexions. Dans quelle mesure partager une même langue […]

juillet 2016 The Welfare Impact of Global Migration in OECD Countries Frédéric DOCQUIER, Amandine AUBRY, Michał BURZYŃSKI

This paper quantifies the effect of global migration on the welfare of non-migrant OECD citizens. We develop an integrated, multi-country model that accounts for the interactions between the labor market, fiscal, and market size effects of migration, as well as for trade relations between countries. The model is calibrated to match the economic and demographic […]