Author
Sylviane Guillaumont Jeanneney
Bio: Sylviane Guillaumont Jeanneney is an academic researcher from University of Auvergne. The author has contributed to research in topics: Exchange rate & Aid effectiveness. The author has an hindex of 19, co-authored 101 publications receiving 1463 citations.
Topics: Exchange rate, Aid effectiveness, Productivity, Currency, Poverty
Papers published on a yearly basis
Papers
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TL;DR: In this article, the authors investigated how financial development helps to reduce poverty directly through a distributional effect, beyond its indirect effect through economic growth, and they concluded that the benefits of financial development for the poor outweigh the cost.
Abstract: This article investigates how financial development helps to reduce poverty directly through a distributional effect, beyond its indirect effect through economic growth. The results obtained with data for a sample of developing countries from 1966 through 2000 suggest that the poor benefit from the ability of the banking system to facilitate transactions and provide savings opportunities (through the McKinnon ‘conduit effect’) but to some extent fail to reap the benefit from greater availability of credit. Moreover, financial development is accompanied by financial instability, which is particularly detrimental to the poor. Nevertheless, the benefits of financial development for the poor outweigh the cost.
196 citations
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TL;DR: In this article, the authors investigated how financial development helps to reduce poverty directly through the McKinnon conduit effect and indirectly through economic growth and found that the benefits of financial development for the poor outweigh the cost.
Abstract: This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit effect and indirectly through economic growth. The results obtained with data for a sample of developing countries from 1966 through 2000 suggest that the poor benefit from the ability of the banking system to facilitate transactions and provide savings opportunities but to some extent fail to reap the benefit from greater availability of credit. Moreover, financial development is accompanied by financial instability, which is detrimental to the poor. Nevertheless, the benefits of financial development for the poor outweigh the cost.
101 citations
Posted Content•
TL;DR: In this paper, the authors construct a theoretical model of deforestation that focuses on the factors affecting the incentives to transform forested land into agricultural land, and show that lower discount rates and stronger institutions decrease deforestation, whereas the opposite obtains in developed countries.
Abstract: Deforestation is a phenomenon that has largely been concentrated in the developing world. We construct a theoretical model of deforestation that focuses on the factors affecting the incentives to transform forested land into agricultural land. We show that: (i) lower discount rates and stronger institutions decrease deforestation; (ii) depreciations in the real exchange rate increase deforestation in developing countries whereas the opposite obtains in developed countries; (iii) paradoxically, better institutions may exacerbate the deleterious impact of depreciations in developing countries. These hypotheses are tested on an annual sample of 101 countries over the 1961-1988 period, and are not rejected by the data. Our results suggest that short-term macroeconomic policy, institutional factors, and the interaction between the two, are potentially important determinants of environmental outcomes.
100 citations
TL;DR: In this article, the authors construct a theoretical model of deforestation that focuses on the factors affecting the incentives to transform forested land into agricultural land, and show that lower discount rates and stronger institutions decrease deforestation, whereas the opposite obtains in developed countries.
88 citations
TL;DR: In this article, the authors investigated the impact of financial development on productivity growth in China and found that financial development has significantly contributed to China's productivity growth, mainly through its favorable effect on efficiency.
Abstract: Financial development might lead to productivity improvement in developing countries. In the present study, based on the Data Envelopment Analysis approach, we use the Malmquist index to measure China's total factor productivity change and its two components (i.e., efficiency change and technical progress). We find that China has recorded an increase in total factor productivity from 1993 to 2001, and that productivity growth was mostly attributed to technical progress, rather than to improvement in efficiency. Moreover, using panel dataset covering 29 Chinese provinces over the period from 1993 to 2001 and applying the Generalized Method of Moment system estimation, we investigate the impact of financial development on productivity growth in China. Empirical results show that, during this period, financial development has significantly contributed to China's productivity growth, mainly through its favorable effect on efficiency.
85 citations
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TL;DR: In this article, the authors survey and assess the literature on the positive and negative effects of ethnic diversity on economic policies and outcomes and highlight several open issues in need of further research.
Abstract: We survey and assess the literature on the positive and negative effects of ethnic diversity on economic policies and outcomes. Our focus is on both focus both cities in developed countries (the US) and villages in developing countries. We also consider the endogenous formation of political jurisdictions and we highlight several open issues in need of further research.
1,782 citations
TL;DR: The authors survey and assess the literature on the positive and negative effects of ethnic diversity on economic policies and outcomes, focusing on communities of different size and organizational structure, such as countries, cities in developed countries, and villages and groups in developing countries.
Abstract: We survey and assess the literature on the positive and negative effects of ethnic diversity on economic policies and outcomes. Our focus is on communities of different size and organizational structure, such as countries, cities in developed countries, and villages and groups in developing countries. We also consider the endogenous formation of political jurisdictions and highlight several open issues in need of further research, in particular the endogenous formation of ethnic identity and the measurement of ethnic diversity.
1,431 citations
Journal Article•
TL;DR: Šonje et al. as mentioned in this paper used a sample of 35 countries for the period between 1860 and 1963 to show the relationship between income and financial depth measured by the ratio between bank's assets and GDP.
Abstract: relationship. All subsequent studies confirmed it (see for example King and Levine, 1993, and the review in: Pagano, 1993). Goldsmith used a sample of 35 countries for the period between 1860 and 1963 to show the relationship between income and financial depth measured by the ratio between bank's assets and GDP. He also showed that in periods of rapid growth, financial depth grows faster than income. More details about measuring financial depth can be found in this paper. FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH Velimir Šonje
891 citations
TL;DR: In this paper, a new index of ethnic fractionalization based on an accounting of politically relevant ethnic groups in 42 African countries is presented. But the authors find that most measures of ethnic diversity (including the commonly used ELF measure) are inappropriate for testing this hypothesis, because they are constructed from enumerations of ethnic groups that include all of the ethnographically distinct groups in a country irrespective of whether or not they engage in the political competition whose effects on macroeconomic policy making are being tested.
Abstract: In most studies of the impact of ethnic diversity on economic growth, diversity is hypothesized to affect growth through its effect on macroeconomic policies. This article shows that most measures of ethnic diversity (including the commonly used ELF measure) are inappropriate for testing this hypothesis. This is because they are constructed from enumerations of ethnic groups that include all of the ethnographically distinct groups in a country irrespective of whether or not they engage in the political competition whose effects on macroeconomic policy making are being tested. I present a new index of ethnic fractionalization based on an accounting of politically relevant ethnic groups in 42 African countries. I employ this measure (called PREG, for Politically Relevant Ethnic Groups) to replicate Easterly and Levine's influential article on Africa's growth tragedy. I find that PREG does a Much better job of accounting for the policy-mediated effects of ethnic diversity on economic growth in Africa than does ELF.
727 citations