octobre 2021 Systèmes financiers de l’UEMOA : des indicateurs contradictoires Paul DERREUMAUX

Comme chaque année, le Rapport de la Commission Bancaire (CB) donne de précieuses informations sur les systèmes financiers des pays de l’Union Économique et Monétaire Ouest Africaine (UEMOA). Sa version 2020 permet de relever plusieurs caractéristiques majeures de l’évolution récente de la « finance intermédiée » dans cette zone. Au vu du rapport de la […]

juillet 2021 L’Afrique et l’hétérogénéité de ses coûts de transport et de logistique Patrick PLANE

Ce policy brief, tiré d’un article à paraitre, en 2021, dans le « Journal of African economies », focalise l’attention sur les coûts intérieurs de livraison d’un conteneur importé depuis son arrivée dans un port maritime africain jusqu’à sa destination finale dans un entrepôt de la capitale économi…

juin 2021 Harmonising rules of origin for the African continental free trade area Jaime DE MELO, Julien GOURDON, Dzmitry KNIAHIN, Mondher MIMOUNI

For the African continental free trade area to become fully operational, it is essential for the 54 signatory countries to reach agreement on harmonisation of rules of origins – the ‘Made in Africa’ criteria to ensure that only bona fide African products will benefit from tariff concessions. This…

juin 2021 Revisiting the Relationship between Trade Liberalization and Taxation Rabah AREZKI, Alou Adessé DAMA, Grégoire ROTA-GRAZIOSI

This paper explores the dynamic effects of trade liberalization on tax revenue using a worldwide panel dataset. Results point to statistically significant negative effect of liberalization on (non- resource) tax revenues in the short term and no significant effect in the medium term. Liberalizati…

juin 2021 Foreign direct investment and domestic private investment in Sub-Saharan African countries: crowding-in or out? Askandarou DIALLO, Luc JACOLIN, Isabelle RABAUD

With a fall of 42% of Foreign Direct investment (FDI) flows worldwide in 2020, the Covid-19 crisis has raised important concerns about the impact of this source of financing on economic growth in Africa, in particular through its effect on national investment. While FDI is often seen as a welcome…

avril 2018 Decentralization, spending efficiency and pro-poor outcomes in Morocco Maria EL KHDARI, Babacar SARR

This paper studies how decentralization affects poverty, vulnerability, and inequality in Morocco, in the context of ongoing regionalization reforms. We use different non-parametric approaches to assess spending efficiency of Moroccan municipalities and regions over the period 2005-2009. The results indicate that the efficiency of spending in improving pro-poor outcomes is dependent on the fiscal autonomy […]

avril 2018 Deconcentration, political and fiscal decentralization, in Morocco Maria EL KHDARI

The paper examines how the Government of Morocco has addressed the issue of decentralization in recent years and how these processes have evolved and affected fiscal and public policies. More specifically, this paper analyzes the current legislative and institutional provisions governing administrative, political and fiscal decentralization in Morocco and presents a detailed analysis of the […]

avril 2018 School or work? The role of weather shocks in Madagascar Francesca MARCHETTA, David SAHN, Luca TIBERTI

We examine the impact of rainfall variability and cyclones on schooling and work among a cohort of teens and young adults by estimating a bivariate probit model, using a panel survey conducted in 2004 and 2011 in Madagascar—a poor island nation that is frequently affected by extreme weather events. Our results show that negative rainfall […]


We examine how inflation targeting (IT) and fiscal rules (FR) affect inflation and fiscal performance in a large panel of countries during 1990–2009. In line with theory, both FR and IT appear to shape monetary and fiscal outcomes. Significant cross-effects seem to exist as IT strengthens fiscal performance, whereas the combination of FR and IT […]

décembre 2017 Impact of export upgrading on tax revenue in developing and high-income countries Sena Kimm GNANGNON, Jean-François BRUN

Empirical studies usually analyse the relationship between an economy’s trade sector and tax revenue in developing countries through the e ect of trade liberalization on tax revenue. This paper takes a di erent angle by examining the impact of export upgrading strategies (export diversi cation and improvement in export quality) on non-resource tax revenue. The […]