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Theses

Finances publiques dans les pays en développement : trois essais empiriques

Abstract : Developing countries face immense challenges in financing their economies. Their public finances are fragile and highly subject to fluctuations in commodity prices. The capacity of these states to raise funds on the global financial markets is very limited. For several decades, endogenous development strategies and the support of development partners have not made it possible to overcome these difficulties on a lasting basis. The acceleration and persistence of budget deficits in these countries since the financial crisis of 2007 once again raise the specter of the unsustainable indebtedness of the 1980s and 1990s. The analysis of structural fiscal deficits in developing countries is therefore a problem. Important research in economics. It is within this framework that our thesis falls, the objective of which is to contribute through three essays to a better understanding of the macroeconomics of public finances in developing countries and emerging economies. To this end, our analysis covers around 100 countries over two decades. Our investigation is structured around three chapters, each one mobilizing different econometric tools to answer specific questions. In the first chapter, using the “Extreme Bound Analysis” and “Bayesian Model Averaging” methods, we study the determinants of structural budget deficits in developing countries and emerging markets. In the second chapter, we analyze the sustainability of public finances in these countries by examining whether the choice of exchange rate policy influences its level. We use recent panel cointegration techniques to do this, taking into account inter-country dependencies and potential structural disruptions. In the last chapter, we examine the impact of the size of the informal sector on budget performance on the same sample from quantile panel regressions with fixed effects taken into account.
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Theses
File URL :
http://docnum.univ-lorraine.fr/ulprive/DDOC_T_2021_0018_LOKONON.pdf
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https://hal.univ-lorraine.fr/tel-03191772
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Submitted on : Wednesday, April 7, 2021 - 1:54:08 PM
Last modification on : Thursday, April 8, 2021 - 10:16:14 AM

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  • HAL Id : tel-03191772, version 1

Citation

Isabelle Do Santos. Finances publiques dans les pays en développement : trois essais empiriques. Economies et finances. Université de Lorraine, 2021. Français. ⟨NNT : 2021LORR0018⟩. ⟨tel-03191772⟩

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