http://hdl.handle.net/2268/74 Search this channel search http://orbi.ulg.ac.be/simple-search http://hdl.handle.net/2268/100056 Title: Regions, Political Economics and Economic Performance <br/> <br/>Author, co-author: Artige, Lionel http://hdl.handle.net/2268/96477 Title: An empirical analysis of income convergence in the European Union <br/> <br/>Author, co-author: Cavenaile, Laurent; Dubois, David <br/> <br/>Abstract: In this article, we investigate the convergence process within the European Union. More particularly, we study the convergence process of the new entrants from Central and Eastern Europe and of the 15 Western countries between 1990 and 2007. Applying a panel approach to the convergence equation derived from the Solow model, we show that new entrants and former members of the European Union can be seen as belonging to different groups of convergence. The existence of heterogeneity in the European Union or the Eurozone might affect their stability as the recent Greece’s sovereign debt crisis illustrates it. http://hdl.handle.net/2268/93676 Title: Stock markets,banks and long run economic growth: a panel cointegration-based analysis <br/> <br/>Author, co-author: Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz <br/> <br/>Abstract: The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of the Groen and Kleibergen (2003) panel cointegration methodology to test the number of cointegrating vectors among these three variables for 5 developing countries. In addition, we test the direction of potential causality between nancial and economic development. Our results conclude to the existence of a single cointegrating vector between nancial development and growth and of causality going from nancial development to economic growth. We nd little evidence of reverse causation as well as bi-directional causality. http://hdl.handle.net/2268/88827 Title: A Monte Carlo Analysis of the VAR-Based Indirect Inference Estimation of DSGE Models <br/> <br/>Author, co-author: Dubois, David <br/> <br/>Abstract: In this paper we study estimation of DSGE models. More specifically, in the indirect inference framework, we analyze how critical is the choice of the reduced form model for estimation purposes. As it turns out, simple VAR parameters performs better than commonly used impulse response functions. This can be attributed to the fact that IRF worsen identifica- tion issues for models that are already plagued by that phenomenon. http://hdl.handle.net/2268/88019 Title: An Empirical Analysis of Income convergence in the European Union <br/> <br/>Author, co-author: Cavenaile, Laurent; Dubois, David <br/> <br/>Abstract: In this paper, we investigate the convergence process within the European Union (27 countries). More particularly, we study the convergence process of the new entrants from Central and Eastern Europe and of the 15 Western countries between 1990 and 2007. Applying a panel approach to the convergence equation derived by Mankiw et al. (1992) from the Solow model, we highlight the existence of heterogeneity in the European Union and show that new entrants and former members of the European Union can be seen as belonging to significantly differ- ent groups of convergence. The existence of heterogeneity in the European Union or the Eurozone might affect their stability as the recent Greece’s sovereign debt crisis illustrates it. http://hdl.handle.net/2268/87932 Title: A Growth Model of Global Imbalances <br/> <br/>Author, co-author: Artige, Lionel; Cavenaile, Laurent http://hdl.handle.net/2268/87931 Title: Endogenous Growth and Parental Funding of Education in an OLG Model with a Fixed Factor <br/> <br/>Author, co-author: Artige, Lionel http://hdl.handle.net/2268/87930 Title: Endogenous Growth in an OLG Model with a Fixed Factor <br/> <br/>Author, co-author: Artige, Lionel http://hdl.handle.net/2268/78563 Title: On Dictatorship, Economic Development and Stability <br/> <br/>Author, co-author: Artige, Lionel http://hdl.handle.net/2268/35437 Title: Exercices d'économie politique <br/> <br/>Author, co-author: Jurion, Bernard http://hdl.handle.net/2268/35435 Title: Economie politique, 2ème édition <br/> <br/>Author, co-author: Jurion, Bernard http://hdl.handle.net/2268/35432 Title: Economie politique, 3ème édition <br/> <br/>Author, co-author: Jurion, Bernard http://hdl.handle.net/2268/35431 Title: Economie politique, 1ère édition <br/> <br/>Author, co-author: Jurion, Bernard http://hdl.handle.net/2268/31066 Title: Endogenous Growth and Regional Dynamics in an OLG Model with Land <br/> <br/>Author, co-author: Artige, Lionel http://hdl.handle.net/2268/31449 Title: Transition report 2000: Employment, skills and transition http://hdl.handle.net/2268/31408 Title: Wealth Breeds Decline: Reversals of Leadership and Consumption Habits <br/> <br/>Author, co-author: Artige, Lionel; Camacho, Carmen; de la Croix, David <br/> <br/>Abstract: In a two-region model, we formalize Kindlebergerrsquos idea that wealth breeds first more wealth, and then decline: when one region leads, its inhabitants develop consumption habits incompatible with the necessary investment in knowledge to remain the leader. This gives the other region a window of opportunity to gain economic primacy. The theory suggests that differences across regions that have similar characteristics may persist even if physical capital flows from rich to poor regions. We study patterns of overtaking, alternating primacy, irreversible decline, and monotonic convergence, according to the initial dispersion of knowledge and the strength of consumption habits. Even though exogenous factors may matter on some occasions, we show that they are not necessary to reverse economic leadership.