Unemployment and economic growth in Cote D'ivoire: A disaggregated approach to growth using the Shapley decomposition

Kouakou Thiedje Gaudens-Omer — Mon, 17 Mar 2025 00:00:00 +0000

This study analyzes the responsiveness of unemployment to the variation in production in Côte d'Ivoire over the period 1980-2019. By using three approaches of Okun's law (model in difference, model in gap, and disaggregated growth model), we estimate long-term and short-term relationships via error correction models (ECM). The first two approaches highlight the weak link between economic growth and unemployment. The third approach, based on the Shapley decomposition, shows that this low responsiveness of unemployment to the variation in production is essentially due to the fact that final consumption and public expenditure, which largely explain the variability of unemployment, have a very low impact on the unemployment rate. This results from the extroverted nature of the Ivorian model of economic growth. The study recommends that public authorities relocate the production of most consumer goods and equipment, step up policies to promote local industries aimed at replacing certain imported consumer goods and equipment, and strengthen the public procurement and contracts policy in favor of local businesses.

The not-so-great divergence: Asian and western world energy economy before 1815, and beyond

Nathan Matthias Moore — Tue, 29 Apr 2025 00:00:00 +0000

Here is an examination of Chinese institutional change and why the debate necessitates a new approach toward studying global economic divergence, one that focuses on a separation of historical mathematical evaluations rather than technological advancement. The Great Divergence debate is a historiographical discipline examining state formation in East Asia and its cultural evolution in juxtaposition with parts of Western Europe. The advent of steam power and other technologies in production and transport allowed Britain and others to extend their momentum past Malthusian restraints and separate themselves from "poorer" countries. But recently, the "California School" of historians like Bin Wong, Kenneth Pomeranz, and Andre Gunder Frank contend that China shared several similarities in proto-industrial development with their Western counterparts throughout Eurasia as late as 1750. My article will add impetus to an even newer argument by focusing on separate commentary from historians studying Europe’s transition to an Arabic numeral system and China’s insistence on traditional numeric methods. Modernity originated from a new abacus based on a ten-place system calculating numbers as large as 10^27, the year some purport it to have first been taught in Europe. Contemporary calculating devices and literacy materials are built on a similar model of arithmetic standards.

Growth

Unemployment and economic growth in Cote D'ivoire: A disaggregated approach to growth using the Shapley decomposition

The not-so-great divergence: Asian and western world energy economy before 1815, and beyond