Publications des institutions partenaires
Social spending and household welfare: evidence from Azerbaijan
We measure the response of household consumption of different income groups to social spending during the 2002-2012 period using the aggregated Household Budget Survey Data. We find that households respond more strongly to changes in pensions than to changes in allowances and in-kind transfers. The very weak response of households to changes in allowances and in-kind transfers, both…
Institution partenaire
Institut de hautes études internationales et du développement
/ 01/04/2014
Merger control procedures and institutions: a comparison of the EU and US practice
The objective of this paper is to discuss and compare the role that different constituencies play in US and EU procedures for merger control. We describe the main constituencies (both internal and external) involved in merger control in both jurisdictions and discuss how a typical merger case would be handled under these procedures. At each stage, we consider how the procedure…
Institution partenaire
Institut de hautes études internationales et du développement
/ 01/04/2014
How do exporters adjust to exchange-rate fluctuations?: new evidence from the East African community
We use a large sample of export transactions from customs files across six developing countries and several years to explore the extent of pricing to market and volume responses to exchange-rate variations in the East African Community (EAC), a customs union, and a control group of exporters from developing countries outside the region. We find that, relative to the control group,…
Institution partenaire
Institut de hautes études internationales et du développement
/ 27/03/2014
The future of the WTO
Institution partenaire
Institut de hautes études internationales et du développement
/ 10/02/2014
Transferts de fonds et services financiers sur mobile: les modèles d'affaires pour les Postes
Institution partenaire
Institut de hautes études internationales et du développement
/ 23/01/2014
Financial development and economic growth: known knowns, known unknowns, and unknown unknowns
This paper summarizes the main findings of the literature on the relationship between financial and economic development (the known knowns), points to directions for future research (the knowns unknowns), and then speculates on the third Rumsfeldian category. The known knowns section organizes the empirical literature on finance and growth into three strands : (1) the traditional…
Institution partenaire
Institut de hautes études internationales et du développement
/ 17/01/2014
Guest workers: adequate incentives for voluntary return
A guest-worker program can be a very flexible and convenient way of meeting labor shortages in a host country, assuming that the migrants obeythe rules. This paper investigates the conditions under which guest workers have sufficient incentives for voluntary return to their country of origin when their work permits expire. The analysis is conducted in the context of a lenient…
Institution partenaire
Institut de hautes études internationales et du développement
/ 15/01/2014
Debt levels, debt composition, and sovereign spreads in emerging and advanced economies
This paper studies the relationship between sovereign spreads and the interaction between debt composition and debt levels in advanced and emerging market countries. It finds that in emerging market countries there is a significant correlation between spreads and debt levels. This correlation, however, is not statistically significant in countries where most public debt is…
Institution partenaire
Institut de hautes études internationales et du développement
/ 06/11/2013
An evaluation of the impact of the natural forest protection programme on rural household livelihoods
In this paper, we estimate the impact on local household livelihoods of the Natural Forest Protection Programme (NFPP), the largest logging ban programme in the world that aims to protect watershed and conserve natural forests. In doing so we use a series of policy evaluation micro-econometric techniques to assess the impacts of the NFPP on two interrelated facets of household…
Institution partenaire
Institut de hautes études internationales et du développement
/ 13/08/2013
Is inflation targeting dead?: central banking after the crisis
Institution partenaire
Institut de hautes études internationales et du développement
/ 10/06/2013
Will central banking change?
Institution partenaire
Institut de hautes études internationales et du développement
/ 10/06/2013
Export dynamics and sales at home
Institution partenaire
Institut de hautes études internationales et du développement
/ 10/06/2013
Trade in secured debt, adjustment in haircuts and international portfolios
Institution partenaire
Institut de hautes études internationales et du développement
/ 10/06/2013
"Natural" disaster, conflict and aid allocation
Institution partenaire
Institut de hautes études internationales et du développement
/ 10/06/2013
Currency crises in reverse: do large real exchange rate appreciations matter for growth?
While currency crises have been extensively studied, the opposite phenomenon, large appreciations, has been far less researched. We fill this gap by providing an empirical exploration of historical episodes of large real exchange rate appreciations, using a sample of 28 advanced and 25 emerging market economies, with annual data going back to 1970. We focus on the impact of large…
Institution partenaire
Institut de hautes études internationales et du développement
/ 28/05/2013
Understanding Rating Addiction: US Courts and the Origins of Rating Agencies’ Regulatory License (1900-1940)
This paper discusses the “regulatory license” view that reliance by regulators on the output of rating agencies in the 1930s “caused” the agencies to become a central part of the fabric of the US financial system. Exploring pre-1930 court records, we find evidence of a growing reliance on the agencies that pre-dates the regulatory moves of the 1930s. We argue that courts began using…
Institution partenaire
Institut de hautes études internationales et du développement
/ 28/05/2013
Pessimism, optimism and credit rationing
In their celebrated contribution on credit rationing, Stiglitz and Weiss (1981) showed that the expected return to the borrower on a loan is increasing in the risk of the project it funds. In this paper, I show that their results do not necessarily carry over to the case where the agents’ preferences can be described by rank-dependent expected utility (RDEU). In particular, a…
Institution partenaire
Institut de hautes études internationales et du développement
/ 17/05/2013
Public debt and economic growth in advanced economies: a survey
This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We find that theoretical models yield ambiguous results. Whether high levels of public debt have a negative effect on long-run growth is thus an empirical question. While many papers have found a negative correlation between debt and growth, our reading of the…
Institution partenaire
Institut de hautes études internationales et du développement
/ 17/05/2013
Documenting legal dissonance: regulation of (and by) payback killing in Papua New Guinea
We provide a simple model for considering the interaction between multiple legal regimes existing simultaneously within a single jurisdiction. We demonstrate that, even when the fundamental relationship between outputs of such regimes is to behave as substitutes for one another, the existence of negative externalities between the enforcement technologies can result in the withdrawal…
Institution partenaire
Institut de hautes études internationales et du développement
/ 17/05/2013
The making of a (vice-)president: party politics, ethnicity, village loyalty and community-driven development
African politics are often said to be dominated by ethnic divides, with the ensuing policies implemented by leaders being based almost exclusively on their ethnic power base. In this paper, we demonstrate that the village of origin of democratically-elected leaders matters for the attribution of development projects in the context of one of the largest Community-Driven Development (…
Institution partenaire
Institut de hautes études internationales et du développement
/ 08/05/2013
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