Browsing by Author "NZIRORERA Cyriaque"

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    Are female borrowers less risky than men ? Empirical evidence from burundian microfinance institutions, pp. 81-102,
    (UB, Cahiers du CURDES, 2016-12) NTAWIRATSA Rédempteur; NZIRORERA Cyriaque
    The general purpose of this paper is to examine the creditworthiness of women compared to men.We use a database gathered from Burundian National Federation of Saving and Credit Cooperatives (FENACOBU) to measure the association between the default risk and five independent variables, namely gender, industry, maturity, credit amount and frequency of reimbursement from 2010 to 2014. The association is tested trough probit model and coefficients are measured by marginal effects.The main conclusion of our research is that when a financial institution lends to a man rather than to a woman, it incurs an additional default risk of about 2%. Incidentally, our study led us to following conclusions: a borrower who invests in sectors other than the primary one reduces the default risk by about 2 percent; one percent increase of credit amount reduces the default risk by about 1.5 percent; a credit repayment made at a frequency other than monthly increases the default risk of about 24%.Financial institutions should avoid discrimination against female borrowers and afford them with lower interest rates given they are less risky. To our knowledge, no scientific paper has analysed the gender-based differences in financial behaviour in Burundi. Hence, we can argue that our paper opens a new avenue for research in gender-based financial behaviour. .
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    Du processus d'ajustement des recettes et dépenses publiques é l'inflation au Burundi : une évaluation empirique (1970-2009), pp. 1-19
    (UB, Cahiers du CURDES, 2012-09) NZIRORERA Cyriaque
    Ce travail cherche principalement à mesurer les effets de la hausse des prix sur le niveau des recettes et dépenses publiques ainsi que leur vitesse d'ajustement à l'inflation. Les résultats obtenus montrent que l'élasticité des dépenses publiques est supérieure à celle des recettes publiques contrairement à l'esprit du modèle théorique utilisé. De plus, on trouve que le retard moyen d'ajustement des dépenses publiques réelles à l'inflation est inférieur au retard moyen d'ajustement des recettes. Enfin, à la lumière de ces résultats, ce travail formule quelques suggestions de politique économique.