Convertible Local Currencies For The Economic Development Of Sustainable Communities

Oriane Lafuente-Sampietro ()
Additional contact information
Oriane Lafuente-Sampietro: UNIROUEN - Université de Rouen Normandie - NU - Normandie Université, LASTA - Laboratoire d'Analyse des Sociétés, Transformations et Adaptations - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université

Post-Print from HAL

Abstract: Download the article at this link : https://ijccr.net/ijccr-28-2024/vol-28-pp-19-39/ Alternative currencies have become a growing phenomenon in grassroots social innovation. Convertible local currencies are one of the main forms they take in France. Despite the abundance of theoretical literature on this subject, empirical evaluations remain scarce due to limited data availability. To address this gap, we conducted an econometric evaluation of the impact of using CLCs on firms' turnover. This evaluation employs a two-way fixed-effects model using data from the Fare file, a dataset containing tax information for all French firms from 2009 to 2019. Additionally, we selected a control group through propensity score matching in the Fare file. Our analysis reveals a 10% in turnover for small and medium-sized firms using one of the nine CLCs included in this study. Consequently, we conclude that CLCs support the economic development of a localized community of actors who are chosen for their commitment to ethical and sustainable production practices.

Keywords: Convertible local currency; Impact; Two-way fixed effect; Sustainable communities (search for similar items in EconPapers)
Date: 2024-11-01
References: Add references at CitEc
Citations:

Published in International Journal of Community Currency Research, 2024, 28, pp.19-39. ⟨10.15133/j.ijccr.2024.002⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04973448

DOI: 10.15133/j.ijccr.2024.002

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().