February 17, 2015. ASE students welcomed last February 10 Mr. Djabar Adechian, from the National Institute of Statistics and Economic Analysis of Benin (INSAE), who visited to the School to participate in the Professional Seminar Series. The presentation, entitled "Definition and measurement of the transition from school-to-work”, focused on the phases by which individuals go through since they finish school until they find a satisfactory job.

Mr. Adechian shared with the audience his concerns about School-to-work transition and how this can be conceptualised and measured. Throughout his presentation he defined work transition and its stages, as well as collateral issues such as employment, work eligibility, legal and illegal activities… He also presented a survey carried out by INSAE that gathers data on all these variables on an annual basis.

In his concluding remarks, Mr. Adechian asked the students to think about the possibility of being entrepreneurs and creating their own jobs as soon they complete their master’s degree and are exposed to the labor market.

ASE MBA and MMES students carefully listen to the presentation


The presentation was followed by a lively Q&A session

Djogbenou 2

February 9, 2015. On January 06, the African School of Economics welcomed a distinguished guest from University of Montreal, Mr. Antoine Djogbenou, for ASE's Research Seminar Series first instalment of the year. Mr. Djogbenou is currently a PhD candidate at University of Montreal (Canada) and he visited ASE’s campus to present an article he recently published in the prestigious Journal of Time Series Analysis. The paper, entitled “Bootstrap inference in regressions with estimated factors and serial correlation”, is co-authored by Sílvia Gonçalves, Benoit Perron and himself, all from University of Montreal. Topics covered by Mr. Djogbenou’s presentation included, but were not limited to, multi-horizon forecasting, factor augmented regression models and Bootstrap inference.

Mr. Djogbenou’s presentation was followed by a Q&A session from the students.

Find below an abstract of the paper:


Bootstrap Inference In Regressions With Estimated Factors And Serial Correlation.
Antoine Djogbenou, Sílvia Gonçalves And Benoit Perron - Département de sciences économiques, Université de Montréal, CIREQ and CIRANO.
This article considers bootstrap inference in a factor-augmented regression context where the errors could potentially be serially
correlated. This generalizes results in Gonçalves and Perron (2014) and makes the bootstrap applicable to forecasting contexts
where the forecast horizon is greater than one. We propose and justify two residual-based approaches, a block wild bootstrap
and a dependent wild bootstrap. Our simulations document improvement in coverage rates of confidence intervals for the
coefficients when using block wild bootstrap or dependent wild bootstrap relative to both asymptotic theory and the wild
bootstrap when serial correlation is present in the regression errors.

Djogbenou 1

February 3, 2015. The African School of Economics (ASE) is proud to announce that a Memorandum of Understanding (MOU) with BEM Management School (Dakar, Senegal) has been signed.

The aim of this agreement is to develop an academic partnership whereby both parties are engaged in collaborative research and training initiatives. Through this agreement, which was signed by ASE’s Founder and President Prof. Leonard Wantchekon and BEM’s Dean, Prof. Pape Madicke Diop, Faculty members and students will have the opportunity to participate in eventual academic exchange programs. In addition, it will also provide the means to organize joint annual conferences, seminars, and academic meetings.

The signing of this agreement is part of ASE’ internationalisation strategy. The African School of Economics currently has signed MOUs with a total of 11 academic partners, among which Barcelona Graduate School of Economics, Laval University, Princeton University and University of Namur. A complete list of the academic partners can be found here.


January 27, 2015. Students of the African School of Economics greeted last Thursday, January 22, the General Manager of “Banque International du Bénin” (BIBE), Mr. Romain Boko, to a new installment of ASE’s Professional Development Seminar Series. Students were given the opportunity to learn more about the Banking Sector in a session mainly structured around three points: first of all, an introduction to the speaker; secondly, a brief presentation of ASE, and last but not least, in depth remarks by the presenter on the banking and administration sector in Benin.

Concerning the banking and administration sector, Mr. Boko emphasized the fact that there are two types of bank. The first one is the Central Bank, whose role is to emit and maintain the currency in circulation. The second type is the commercial bank whose role is to interact with the private sector, individuals, and enterprises on the market.

After a session of Q&A in which students inquired both about Mr.Boko's professional and personal experience in the banking sector, the seminar ended with some advice from Mr.Boko to the audience: "Never be discouraged, everybody can succeed... what matters is perseverance"


Romain Boko attended High School and University in Benin. He holds an MBA from “Ecole Normale de Bénin” (ENB), currently Université d'Abomey-Calavi (UAC). Concerning his professional experience, he has held officer positions in Benin and in Senegal, among other countries. After finishing his studies he worked for Banque Centrale des Etats de l'Afrique de l'Ouest (BCEAO) in Dakar as a probationer before becoming a permanent agent in 1984 in the Monitoring and Surveillance Department. He remained there until 2010 when he retired. He was then recruited by BIBE at a time when the Bank was struggling and he played a key role in the recovery of the company; afterwards he was appointed General Manager.


January 12, 2015. On Tuesday, December 16th, 2014 Mrs. Karine Gbaguidi Kérékou gave a presentation on best practices when looking for a job as part of ASE's Professional Seminar Series. Born in France, Mrs. Gbaguidi has also lived in many other countries like Belgium, Benin, and in Ivory Coast, while having different jobs. According to her presentation, from 1998 until nowadays, her main interest has always been her job. She shared with ASE students some of her many annecdotes and experiences regarding her professional life. As an example, she noted that in 1998, she along with her sister and her mother opened in France a restaurant called “Restaurant d’ici et d’ailleurs” where customers could have easy access to African dishes. In that same year, she was selling body lotions for people of different race and colors. Her business flourished so well that with the help of her website (www.diouda.fr), she was able to have many customers who could easily place their orders online. In 1999, she switched to the advertising of many products in Abidjan (Ivory Coast). This allowed her to create PLURI, her first logo followed by CORICOM and then SAPHIR COM.

But listening to her talking may give the impression that everything went well in her quest for a professional occupation. That was not the case as she had to face so many challenges before getting a job. Many positions she applied to, required that she held a higher academic degree while others implied collateral difficulties. She also mentioned that being a woman, some employers even tried without success to take advantage of her. She ended her presentation making emphasis on how coping with cultural differences in different countries brought additional stress to her life.

The presentation was followed by a Q&A session by the students, who wanted to know more about the challenges Mrs. Gbaguidi had to face in order to succeed in her professional life. “As our school is at its beginnings, and we want it to be known, what advise can you give us to make it more famous? “ asked one student. To this question, Mrs. Gbaguidi replied that students were the ambassadors of the School and that they should not wait for others to promote it. “Others will only do it from your example” she added.  The Seminar concluded with a final advise to students: "enjoy working with passion, and never be discouraged by challenges".