Raouf Boucekkine's homepage

Last update: August  2013


''Un homme qui etudierait trois ans sans penser à faire carrière - Voilà qui se rencontre rarement."
Les entretiens de Confucius, Folio p. 47


''Un honnête homme évite la compétition. Ou, sinon qu'il en fasse seulement au tir à l'arc."
Les entretiens de Confucius,
Folio p. 19


''L'honnête homme est rond et jovial, l'homme vulgaire est pointu et lugubre."
Les entretiens de Confucius, Folio p. 44


 
 
Raouf  Boucekkine



March 2011





  With my children Iannis & Rym, Mdina (Malta), July 2011


Academic functions and contact

Professor, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) and Center of Operations Research and Econometrics (CORE).

Professor and research director, Aix-Marseille School of Economics, Aix-Marseille Université.



Associate editor

Macroeconomic Dynamics
Mathematical Social Sciences
Journal of Public Economic Theory
Mathematical Economics Letters
Journal of Calculus of Variations
Annals of Economics and Statistics-Annales d'Economie et Statistique
Theoretical Economics Letters


Member of the advisory board

Statistics, Optimization and Information Computing


Contact
GREQAM
2, rue de la Charité
13002 Marseille (France)
Tel: (33) 491 14 07 52
E-mail: raouf.boucekkine@uclouvain.be or raouf.boucekkine@univ-amu.fr 
  


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Research Profile and selected publications per area


1. Mathematical and computational methods


``Optimal investment in heterogenous capital and technology under restricted resosurces', (with N. Hritonenko and Y. Yatsenko), Journal of Optimization Theory and Applications, forthcoming.

``On the optimal control of a linear neutral differential equation arising in economics", (with G. Fabbri and P. Pintus), Optimal Control, Applications and Methods 33, 511-530, 2012.

``Environmental quality versus economic performance: a dynamic game approach", (with J. Krawczyk and T. Vallée),  Optimal Control, Applications and Methods 32, 29-46, 2011. 

``On explosive dynamics in R&D-based models of endogenous growth", (with N. Hritonenko and Y. Yatsenko), Nonlinear Analysis: Theory, Methods & Applications 71, e693-e700, 2009.

``Special functions for the study of economic dynamics: The case of the Lucas-Uzawa model", (with R. Ruiz-Tamarit), Journal of Mathematical Economics 44, 33-54, 2008.

``Modelling vintage structures with DDEs: Principles and applications", (with D. de la Croix and O. Licandro), Mathematical Population Studies 11, 151-179, 2004.

``An alternative methodology for solving nonlinear forward-looking models", Journal of Economic Dynamics and Control 19, 711-734, 1995.
 

2. Vintage capital theory

''Vintage capital and the diffusion of clean technologies", (with T. Azomahou and P. Nguyen Van), International Journal of Economic Theory  8, 277-300, 2012.

``Vintage capital and the dynamics of the AK model", (with  O. Licandro, L. Puch and F. del Rio),  Journal of Economic Theory 120, 39-72, 2005.

``Endogenous vs exogenously driven fluctuations in vintage capital models", (with F. del Rio and O. Licandro), Journal of Economic Theory  88, 161-187, 1999.

``Creative destruction, investment volatility and the average age of  capital", (with M. Germain, O. Licandro and A. Magnus),  Journal of Economic Growth 3, 361-384, 1998.

``Replacement echoes in the vintage capital growth model", (with M. Germain and O. Licandro),  Journal of  Economic Theory 74, 333-348, 1997.

   

3. Demography, development and population economics


''Assessing Parfit's Repugnant Conclusion within a canonical endogenous growth set-up", (with G. Fabbri), Journal of Population Economics 26, 751-767, 2013.

``How do epidemics induce behavioral changes?", (with R. Desbordes and H. Latzer), Journal of Economic Growth 14, 233-264, 2009.

``Demographic, economic and institutional factors in the transition to modern growth in England:  1530-1860", (with D. de la Croix and D. Peeters), Population and Development Review, Supplement to Volume 34, 126-148, 2008.

``Early litteracy achievements, population density, and the transition to modern growth", (with D. de la Croix and D. Peeters), The Journal of the European Economic Association 5, 183-226, 2007.

``Vintage human Capital, demographic trends and endogenous growth", (with D. de la Croix and O. Licandro), Journal of Economic Theory 104, 340-375, 2002.


4. Growth theory: miscellaneous

''Spatial dynamics and convergence: the spatial AK model", (with C. Camacho and G. Fabbri), Journal of Economic Theory 148, 2719-2736, 2013.

''History's curse: leapfrogging, growth breaks and growth reversals under international borrowing without commitment", (with P. Pintus),  Journal of Economic Growth
17, 27-47, 2012.

''Technological vs ecological switch and the environmental Kuznets curve", (with A. Pommeret and F. Prieur), American Journal of Agricultural Economics 95, 252-260, 2013.

``On the distributional consequences of epidemics", (with JP. Laffargue),  Journal of Economic Dynamics and Control 34, 231-245, 2010.

''Scarcity, regulation and endogenous technical progress", (with N. Hritonenko and Y. Yatsenko), Journal of Mathematical Economics 47, 186-199, 2011.

``Bridging the gap between growth theory and economic geography: The spatial Ramsey model", (with C. Camacho and B. Zou), Macroeconomic Dynamics 13, 20-45, 2009.

``Obsolescence and modernization in the growth process", (with F. del Rio and O. Licandro), Journal of Development Economics 77, 153-171, 2005.




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New stuff


Books and editorials

"Epidemics from the economic theory view point", Mathematical Population Studies 19, 1-3, 2012.


Vintage capital growth theory: Three breakthroughs, (with D. de la Croix and O. Licandro),  in  Frontiers of Economic Growth and Development, Olivier de la Grandville (editor), Emerald, December 2011.

See also:

``Vintage capital", (with D. de la Croix and O. Licandro),  New Palgrave Dictionary of Economics, Second Edition, S. Durlauf and L. Blume (Eds.), 628-631, Palgrave-McMillan, 2008.


Optimal Control of Age-structured Populations in Economy, Demography, and the Environment, co-edited by Natalia Hritonenko, Yuri Yatsenko and myself, 2010, Taylor & Francis.  This collection of contributed articles covers a wide range of topics in mathematical modelling of interlinked economic, technological and environmental processes. The unifying theme of the book is the integration of applied mathematical models that describe and optimize the mutual impact of economy, demography, technological change, and the environment on global, regional and local levels.

See review of the book by Noël Bonneuil in Mathematical Population Studies 18, 38-42, 2011.



``Introduction to the special issue on sustainability´´, Mathematical Social Sciences 59, 145-147, 2010. This editorial provides  a bird's eye view of the papers included in the special issue, which represent the different strands that are emerging in the literature on sustainability (inter-generational justice, environment and natural resources, demography and policies).




Some of my recent articles still under review


"The dynamics of lobbying under uncertainty: On political liberalization in Arab countries", (with F. Prieur and K. Puzon), April 2013.  A revised version is to be published in Dynamic Games in Economics, Haunschmied, Veliov and Wrzaczek (Eds.), Springer-Verlag.


''Short-run pain, long-run gain: the conditional welfare gains from international financial integration", (with G. Fabbri and P. Pintus), revised November 2012. Previous version entitled ''Short-run pain, long-run gain: the welfare gains from international financial integration revisited".


"Optimal regime switching and threshold effects: Theory and an application to a resource extraction problem under irreversibility", (with A. Pommeret and  F. Prieur), May 2012. 
A revised version entitled ''Optimal regime switching and threshold effects" is forthcoming in the Journal of Economic Dynamics and Control.


"Sustainable growth under physical constraints: optimal R&D, investment and replacement policies", (with N. Hritonenko and Y. Yatsenko), revised May 2012.
Previous version entitled ''Sustainable growth under pollution quotas: optimal R&D, investment and replacement policies".









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Refereed publications


62.
``Optimal investment in heterogenous capital and technology under restricted resources', (with N. Hritonenko and Y. Yatsenko), Journal of Optimization Theory and Applications, forthcoming.

61.
``Growth and financial liberalization under capital collateral constraints: The striking case of the stochastic AK model with CARA preferences”, (with G. Fabbri and P. Pintus), Economics Letters, forthcoming in 2014.

60.
''Optimal regime switching and threshold effects", (with A. Pommeret and F. Prieur), Journal of Economic Dynamics and Control 37, 2979–2997, 2013.

59. ''The dynamics of lobbying under uncertainty: on political liberalization in Arab countries", (with F. Prieur and K. Puzzon), forthcoming in: Dynamic Games in Economics, Haunschmied, Veliov and Wrzaczek (Eds.), Springer-Verlag.

58. ''Health, work intensity and technological innovations", (with N. Hritonenko and Y. Yatsenko), Journal of Biological Systems, forthcoming special issue.

57
.
''Spatial dynamics and convergence: the spatial AK model", (with C. Camacho and G. Fabbri), Journal of Economic Theory 148, 2719-2736, 2013.

56. ``On the optimal control of some parabolic differential equations arising in economics”, (with C. Camacho and G. Fabbri), Serdica Mathematical Journal, special issue in honor of Vladimir Veliov, forthcoming in 2013.


55
"Growth vs level effect of population change on economic development: An inspection into human-capital-related mechanisms", (with B. Martinez and R. Ruiz-Tamarit), Journal of Mathematical Economics, Volume 49, 312-334, 2013.

54.“On the optimal control of the vintage capital growth model with endogenous labor supply", (with. N. Hritonenko and Y. Yatsenko), Mathematical Economics Letters
1, 3-7, 2013.

53. “Viable Ramsey economies”, (with N. Bonneuil), Canadian Journal of Economics, forthcoming.

52.
“On the timing and optimality of capital controls: Public expenditures, debt dynamics and welfare”, (with A. Pommeret and F. Prieur), International Journal of Economic Theory, special issue in honor of Cuong Le Van (K. Nishimura, M. Yano and M. Wooders, Eds.), Volume 9, 101-112, 2013.

51
. ''
Technological vs ecological switch and the environmental Kuznets curve", (with A. Pommeret and F. Prieur),  American Journal of Agricultural Economics 95, 252-260, 2013.

50
. ''History's curse: leapfrogging, growth breaks and growth reversals under international borrowing without commitment", (with P. Pintus), Journal of Economic Growth
17, 27-47, 2012.

49. ''Assessing Parfit's Repugnant Conclusion within a canonical endogenous growth set-up", (with G. Fabbri), Journal of Population Economics 26, 751-767, 2013.

48. ''Vintage capital and the diffusion of clean technologies", (with T. Azomahou and P. Nguyen Van),  International Journal of Economic Theory 8, 277-300, 2012.

47. ''On the optimal control of a linear neutral differential equation arising in economics", (with G. Fabbri and P. Pintus), Optimal Control, Applications and Methods 33, 511-530, 2012.

46. ''Revisiting the optimal population size problem under endogenous growth: minimal utility level and finite lives", (with G. Fabbri and G. Gozzi),  Asia-Pacific Journal in Accounting and Economics 18, special issue edited by K. Nishimura on Trade and Dynamic Systems, 287-306, 2011.

45. ''Scarcity, regulation and endogenous technical progress", (with N. Hritonenko and Y. Yatsenko), Journal of Mathematical Economics 47, 186-199, 2011.

44. ``Environmental quality versus economic performance: a dynamic game approach", (with J. Krawczyk and T. Vallée),  Optimal Control, Applications and Methods 32, 29-46, 2011.

43. ``Maintenance and investment: complements or substitutes? A reappraisal´´, (with G. Fabbri and F. Gozzi),
Journal of Economic Dynamics and Control 34, 2420-2439, 2010.

42. ``Towards an understanding of trade-offs between regional wealth, tightness of a common environmental constraint, and  the sharing rules", (with J. Krawczyk and T. Vallée),
Journal of Economic Dynamics and Control 34, 1813-1835, 2010.

41. ``On the distributional consequences of epidemics", (with JP. Laffargue),  Journal of Economic Dynamics and Control 34, 231-245, 2010.

40. ``Capital maintenance as a key development tool", (with B. Martinez and C. Saglam), Scottish Journal of Political Economy  57, 547-567, 2010.

39. ``On explosive dynamics in R&D-based models of endogenous growth", (with N. Hritonenko and Y. Yatsenko), Nonlinear Analysis: Theory, Methods & Applications 71, e693-e700, 2009.

38. ``How do epidemics induce behavioral changes?", (with R. Desbordes and H. Latzer), Journal of Economic Growth 14, 233-264, 2009.

37. ``Technological progress, obsolescence and depreciation", (with F. del Rio and B. Martinez),  Oxford Economic Papers 61, 440-466, 2009.

36. ``The burden sharing of pollution abatement costs in a multiregional small open economy´´, (with M. Germain),  The Berkeley Electronic Journals in Macroeconomics 9, Article 21 (Topics), 2009.


35. ``A closer look at the relationship between life expectancy and economic growth´´, (with B. Diene and Th. Azomahou), International Journal of Economic Theory 5, 201-244, 2009.

34. ``Bridging the gap between growth theory and economic geography: The spatial Ramsey model", (with C. Camacho and B. Zou), Macroeconomic Dynamics 13, 20-45, 2009.

33. ``A Note on Global Dynamics and Imbalance Effects in the Lucas-Uzawa Model´´, (with B. Martinez and R. Ruiz-Tamarit), International Journal of Economic Theory 4, 503-518, 2008.

32. ``Human capital accumulation and the transition from specialization to multi-tasking", (with P. Crifo), Macroeconomic Dynamics 12, 320-344, 2008.

31. ``Special functions for the study of economic dynamics: the case of the Lucas-Uzawa model", (with R. Ruiz-Tamarit), Journal of Mathematical Economics 44, 33-54, 2008.

30. ``Demographic, economic and institutional factors in the transition to modern growth in England:  1530-1860", (with D. de la Croix and D. Peeters), Population and Development Review, Supplement to Volume 34, on Population Aging, Human Capital Accumulation, and Productivity Growth, A. Prskawetz, D. Bloom and W. Lutz (Eds.), 126-148, 2008.

29. ``Growth economics of epidemics: A review of the theory", (joint with B. Diene and Th. Azomahou), Mathematical Population Studies 15, 1-26, 2008.

28. ``Early litteracy achievements, population density, and the transition to modern growth", (with D. de la Croix and D. Peeters), The Journal of the European Economic Association 5, 183-226, 2007.

27. ``Optimal control in infinite horizons: a Sobolev space approach", (with C. Le Van and C. Saglam), Economic Theory  32, 497-509, 2007.

26. ``Capital maintenance Vs technology adoption under embodied technical progress", (with B. Martinez and C. Saglam),  The Berkeley Electronic Journals in Macroeconomics 6, Article 7 (Contributions), 2006.

25. "On the relationship between longevity and development", (with B. Diene and Th. Azomahou), The International Journal of Ecology and Development 6, 31-50, 2007.

24. ``Obsolescence and modernization in the growth process", (with F. del Rio and O. Licandro), Journal of Development Economics 77, 153-171, 2005.

23. ``Vintage capital and the dynamics of the AK model", (with  O. Licandro, L. Puch and F. del Rio),  Journal of Economic Theory 120, 39-72, 2005.

22. ``The development problem under embodiment", (with B. Martinez and C. Saglam),  Review of Development Economics 10, 42-58, 2006.

21. ` `Imbalance effects in the Lucas model: An analytical exploration", (with R. Ruiz-Tamarit), The Berkeley Electronic Journals in Macroeconomics 4, Article 15 (Topics), 2004.

20. "Modelling vintage structures with DDEs: Principles and applications", (with D. de la Croix and O. Licandro), Mathematical Population Studies 11, 151-179, 2004.

19. ''Technology adoption under embodiment: A two-stage optimal control approach'', (with C. Saglam and T. Vallée), Macroeconomic Dynamics 8, 250-271, 2004.

18. ''Energy saving technical progress and optimal capital stock: The role of embodiment", (with. A. Pommeret), Economic Modelling 21, 429-444, 2004 .

17. ''Early mortality declines at the dawn of modern growth'', (with D. de la Croix and O. Licandro), Scandinavian Journal of Economics 105, 401-418, 2003.

16. ''Replacement, adoption and economic dynamics: Lessons from a canonical creative destruction model", (with B. Martinez), Structural Change and Economic Dynamics 14, 339-359, 2003.

15. ``Information technologies, embodiment and growth", (with D. de la Croix), Journal of Economic Dynamics and Control 27, 2007-2034, 2003 .

14. ''Embodied technological progress, learning and the productivity slowdown", (with O. Licandro and F. del Rio), Scandinavian Journal of Economics 105, 87-98, 2003.

13. ''Investment and capital maintenance: Complements or Substitutes'', (with R. Ruiz-Tamarit), Journal of Economics 78, 1-28, 2003.

12. ``Vintage human Capital, demographic trends and endogenous growth", (with D. de la Croix and O. Licandro), Journal of Economic Theory 104, 340-375, 2002.

11. ``Technological shocks and IT revolutions", (with D. de la Croix and Y. Vailakis), Recherches Economiques de Louvain 68, Special issue on The New Economy: Implications and Viability (Boucekkine and Wasmer, Eds.), 75-89, 2002.

10. ``Numerical solution by iterative methods of a class of vintage capital  growth models", (with O. Licandro and A. Magnus),  Journal of  Economic Dynamics and Control 25, 255-269, 2001.

9. ``Endogenous vs exogenously driven fluctuations in vintage capital models", (with F. del Rio and O. Licandro), Journal of Economic Theory  88, 161-187, 1999.

8. ``Creative destruction, investment volatility and the average age of  capital", (with M. Germain, O. Licandro and A. Magnus),  Journal of Economic Growth 3, 361-384, 1998.

7. ``Replacement echoes in the vintage capital growth model", (with M. Germain and O. Licandro),  Journal of  Economic Theory 74, 333-348, 1997.

6. ``Differential-difference equations in economics: On the numerical solution of vintage capital growth models", (with O. Licandro and  C. Paul), Journal of Economic Dynamics and Control 21, 347-362, 1997.

5. ``Precision performances of terminal conditions for short time horizon forward-looking systems" (with M. Juillard and P. Malgrange), Computational Economics 10, 169-186, 1997.

4. ``Liquidity constraints and time non separable preferences",  (with J. Adda),  Recherches Economiques de Louvain 62,  377-402, 1996.

3.  ``Checking for saddlepoint stability: An easy test" (with C.  Le Van), Computational Economics 9, 317-330, 1996.

2. ``An alternative methodology for solving nonlinear forward-looking models", Journal of Economic Dynamics and Control 19, 711-734, 1995.

1. ``Monte Carlo experiments for large scale forward-looking economic models", in :  Predictability and Nonlinear Modelling in Natural Sciences and Economics, J. Grasman and G. Van Straten (editors), 599-609, Kluwer Academic Publishers (Dordrecht), 1994.

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