Working Paper n°2017-15 – Remittances and the real effective exchange rates in MENA countries: What is the long run impact?

Auteurs

Mariem Brahim, CEPN, UMR-CNRS 7234, Université Paris 13, Sorbonne Paris Cité – mariouma-brahim@hotmail.fr

Nader Nefzi, CEPN, UMR-CNRS 7234, Université Paris 13, Sorbonne Paris Cité – nefzinader@live.fr

Hamed Sambo, CEPN, UMR-CNRS 7234, Université Paris 13, Sorbonne Paris Cité – hamed.sambo@univ-paris13.fr

Abstract

The aim of this paper is to examine the effect of remittances on real effective exchange rate in MENA countries using an autoregressive distributive lag (ARDL) model …[Lire la suite]

Working Paper n°2017-14 – A critical survey of the resource curse literature through the appropriability lens

Auteurs

Mehrdad Vahabi, CEPN, UMR-CNRS 7234, Université Paris 13, Sorbonne Paris Cité – mehrdad.vahabi@wanadoo.fr

Abstract

There is a vast literature and several surveys on the economic and political resource curse. However, the surveys often fail to capture two points: 1) they disregard the relationship between this recent literature and the staple theory and the staple trap; 2) the appropriability issue has only been treated tangentially and has never been the focus of …[Lire la suite]

Working Paper n°2017-13 – Determinants of technology catch-up in MENA and SSA countries: a panel data analysis

Auteurs

Francisco Serranito, CEPN, UMR-CNRS 7234, Université Paris 13, Sorbonne Paris Cité
serranito@univ-paris13.fr

Abstract

This paper aims at testing the determinants of TFP in the case of a panel of African and Middle-East countries for the period 1970-2010. We get two main results. Firstly, the degree of openness of a country is the only variables that have a positive and robust effect on the TFP growth. Secondly, convergence is not an automatic phenomenon …[Lire la suite]

Working Paper n°2017-05 – Transferts de fonds des migrants vers les pays du Maghreb : quel impact sur le taux de change effectif réel ?

Auteurs

Nader Nefzi, CEPN, UMR-CNRS 7234, Université Paris 13, Sorbonne Paris Cité
nefzinader@live.fr

Joel Oudinet, CEPN, UMR-CNRS 7234, Université Paris 13, Sorbonne Paris Cité
joel.oudinet@univ-paris13.fr

Mouez Soussi, PS2D, Institut de Hautes Etudes Commerciales Carthage
mouez.soussi@hotmail.com

Abstract

L’impact des transferts de fonds sur le taux de change effectif réel est analysé pour un panel de trois pays du Maghreb, la Tunisie, le Maroc et l’Algérie entre 1980 et 2015, à l’aide d’un modèle …[Lire la suite]

Working Paper n°2017-07 – Stabilizing an Unstable Complex Economy – On the limitations of simple rules

Auteurs

Isabelle Salle, Utrecht School of Economics, Utrecht University, NL
i.l.salle@uu.nl

Pascal Seppecher, CEPN, UMR-CNRS 7234, Université Paris 13, Sorbonne Paris Cité
pascal.seppecher@univ-paris13.fr

Abstract

This paper analyzes a range of alternative specifications of the interest rate policy rule within a macroeconomic, stock-flow consistent, agent-based model. In this model, firms’ leverage strategies evolve under the selection pressure of market competition. The resulting process of collective adaptation generates endogenous booms and busts along credit cycles. …[Lire la suite]

Working Paper n°2017-06 – A l’origine de la financiarisation de la dette publique française : l’édit de Paulette de 1604 et ses conséquences économiques et politiques

Auteurs

Nicolas Pinsard, CEPN, UMR-CNRS 7234, Université Paris 13, Sorbonne Paris Cité
nicolas.pinsard@univ-paris13.fr

Yamina Tadjeddine, BETA, UMR-CNRS 7522, Université de Lorraine
yamina.fourneyron@univ-lorraine.fr

Résumé

L’édit de Paulette de 1604 est un acte juridique important dont nous proposons ici d’analyser les conséquences institutionnelles. Cet édit ne crée pas les offices qui existaient depuis le XIIIe siècle, mais il modifie leur nature en conférant des droits de propriété et de transmission inaliénables à l’officier dès lors …[Lire la suite]

Working Paper n°2017-04 – One Belt One Road and the reconfiguration of China-EU relations

Authors

Xieshu WANG, CEPN, UMR-CNRS 7234, Université Paris 13, Sorbonne Paris Cité
xieshu.wang@gmail.com

Joel RUET, CEPN, UMR-CNRS 7234, Université Paris 13, Sorbonne Paris Cité
joel.ruet@gmail.com

Xavier Richer, University Sorbonne Nouvelle
xrichet@gmail.com

Abstract

The context of EU-China relations has dramatically changed over the past five years. China’s interest in Europe has expanded geographically and substantially. At the broader diplomatic and strategic level, the OBOR initiative has come to symbolize China’s growing significance in international …[Lire la suite]

Working Paper n°2017-02 – The financialisation-offshoring nexus and the capital accumulation of U.S. nonfinancial firms – Tristan Auvray (CEPN) et Joel Rabinovich (CEPN)

Authors

Tristant Auvray
Membre du CEPN – Université Paris 13
tristan.auvray  [at] univ-paris13.fr

Joel Rabinovich
Membre du CEPN – Université Paris 13
joel.rabi [at] gmail.com

Abstract

The financialisation of the nonfinancial corporation has drawn the attention of many scholars who have identified two channels by which financialisation happens: a higher proportion of financial assets compared to nonfinancial ones and a higher amount of resources distributed to financial markets. One of the consequences of this is …[Lire la suite]