We estimate the relative roles of factor inputs and productivity in explaining the level of economic development, which is measured as output per worker. For a large sample of countries, we show that alternative identifying productivity assumptions and alternative measures of human capital have...

Estimating the economic returns to public science investments has been a key topic in economics. However, while in particular microeconomic approaches have been proposed, only a few studies have tried estimating the macroeconomic effects of public science investments. In this paper, we propose a...

The thesis is organized in a set of studies divided in three chapters. Chapter 2 and 3 focus on the Argentine and Brazilian industrial development empirically and they are based on the Analysis Program of Industrial Dynamics database (PADI) (Katz and Stumpo, 2001). PADI covers 28 manufacturing...

This thesis investigates the consequences of model uncertainty and persistence in consumption habits and price-setting behaviour in a New Keynesian model.As the decision of a central bank is made in an uncertain environment, the analysis of uncertainty is essential in monetary policy models. In...

Subject of the present study is the agent-based computer simulation ofAgent Island. Agent Island is a macroeconomic model, which belongs to thefield of monetary theory. Agent-based modeling is an innovative tool thatmade much progress in other scientific fields like medicine or logistics.In...

We study identification in a class of linear rational expectations models. For any givenexactly identified model, we provide an algorithm that generates a class of equivalentmodels that have the same reduced form. We use our algorithm to show that a modelproposed by Jess Benhabib and Roger...