Economic growth

Références bibliographiques2 P. Aghion et E. Cohen, Éducation et croissance, La Documentation française, Paris, 2004. R. Barro, “Economic growth in a cross section of countries”, Quarterly Journal of Economics, n°151, pp. 407-443, 1991. A. Bartel et F. Lichtenberg, “The comparative advantage of educated workers in implementing new technology”, Review of Economics and Statistics, n°69, pp. 1-11, 1987. C. Baudelot et F. Leclerq, Les effets de l’éducation, Rapport pour le PIREF-Ministère de la recherche

15 Bibliographie ALLEN D.S., NDIKUMANA L., (1998), “Financial Intermediation and Economic Growth in Southern Africa”, Working Paper 1998-004B, Federal Reserve Bank Of ST Louis. ARELLANO M., BOVER O., (1995), “Another look at the instrumental variable estimation of error-components models”, Journal of Econometrics 68, pp: 29-51. ATJE R., JOVANOVIC B., (1993), “Stock Markets and Development”, European Economic Review, Vol.37, p.632-40. BAGEHOT W., (1873), “Lombard Street: A Description

émergents comme la Chine questionne la plupart des certitudes acquises sur la pertinence des critères de bonne gouvernance. Les travaux de la Commission sur la croissance et le développement présidée par le prix Nobel Michaël Spence (Commission on Growth and Development, 2008) ont mis en avant à la fois la diversité des trajectoires de croissance soutenue observées dans divers pays et la présence d’un certain nombre de points communs entre ces expériences, dont la qualité du leadership, qui ne se

the Euro crisis, we will first look at the Eurozone’s principles and weaknesses in order to propose solutions to bring back stability and growth within the Euro area. What would be the best solution to implement taking into account the interest of each State within the Euro area? The Eurozone’s principles and weaknesses There is no doubt that the current economic and financial crisis spotlighted to the world the weakness of the Eurozone. The major problem of the Eurozone is that there are one currency

irréversibles dans des projets d’ investissement ; même plus productifs. Ainsi, les banques en assurant la liquidité de Pour une étude détaillée, se reporter à l’ article survey de Lévine [1997] : « Financial Development and Economic Growth : Views and Agenda », Journal of Economic Literature, n°35, pp 688-726 1 3 l’ épargne des ménages permettent une augmentation des taux d’ investissement, comme dans le modèle de Bencivenga & Smith [1991] qui proposent un modèle de croissance endogène dans

December 2010 While EU leaders were coming to the aid of Greece, and the markets were in shock about the deterioration of the debt rating of Portugal. During this time, Ireland has fallen; its economic situation in a critical state. Once known as the “Celtic Tiger”, for its record of economic growth, Ireland is now in the middle of a financial tsunami. In many ways, Ireland seems to be a microcosm of the United States, with the only difference, the Gaelic accent. Some figures illustrate this unprecedented

Journal of Monetary Economics 15 (1985) 145-161. North-Holland THE EQUITY PREMIUM A Puzzle* Rajnish MEHRA Columbia University, New York, N Y 10027, USA E d w a r d C. P R E S C O T T Federal Reserve Bank of Minneapolis University of Minnesota, Minneapolis, MN 5545.5, USA. Restrictions that a class of general equilibrium models place upon the average returns of equity and Treasury bills are found to be strongly violated by the U.S. data in the 1889-1978 period. This result is robust to

Introduction 2 Part 1: Canada’s economic and political environments 2 The Canadian Monetary policy 3 Inflation and rates 3 Exchange rate and exchange market intervention 3 Deficit policy 4 Review of actual economic conditions (2003) 4 Economic shocks Canada has tackled in 2003 4 Part 2: Canada’s balance of payments’ analysis 5 Current Account Balance 5 Capital and Financial Account 6 Part 3: Exchange rate evolution 8 From Mar.98 to Oct.98: 9 From Oct.98 to

demand for cash”, Review of Economics and Statistics i) Tobin J. (1958) “Liquidity preference as behavior towards the risk”, Review of Economic Studies, vol 25, Feb, pp 65 – 86. j) Tobin J. (1965) “Money and economic growth”, Econometrica, vol 33, pp 671 – 684. k) Friedman, B. and Hahn, F. (1990): Handbook of monetary economics. North Holland l) Stiglitz J. and Weiss A. ‘1981) “Credit rationing in markets with imperfect information”, American Economic Review, Vol 73, pp 393 – 410

Eurozone which is a group of countries which used the Euro as a common currency composed by 16 European union states and 3 non-EU members (Vatican, Monaco and San Marino). The other main term in the issue is structural reform, which can be defined as a economic and politic issue; the aim is to improve in a sustainable way the functioning of the economy of a sector or a country. They can be used for example to reduce the unemployment or the inflation, support an innovative environment or unlock business