Revisionist estimates of growth rates during the British industrial revolution, though largely successful in presenting a more modest picture of Britain’s ‘take-off’ prior to the 1830s, have also posed fresh analytical difficulties for champions of the new economic history. If 18th-century...

This paper presents a methodology to estimate a Social Accounting Matrix for Brazil in 2006 that separates between formal and informal sectors. The goal of this study is to estimate and to analyze the Social Accounting Matrix for Brazil in 2006. The shares of output by informal and formal...

A standard model of activist macroeconomic policy derives a monetary reaction rule by assuming that governments have performance objectives, but are constrained by an augmented Phillips curve. In addition to monetary policy governments apply a variety of instruments to influence inflation and...

We explore four decades of cyclical and long-run dynamics in income distribution and economic activity for a panel of thirteen OECD countries. Based on predator-prey dynamics, we find that the business cycle is weakly profit-led , and that the long-run equilibrium has been shifting towards a...

The proposed Sempra 1250 megawatt (MW) tieline connecting the California grid to envisioned new wind-farms in Mexico is not just about electricity. It is also about foregone opportunities, lost human capital investment, lost worklives, lost tax revenues, and diminished economic development...

A reduced-form equation relating the log of the capital account ratio to several micro and macro variables, particularly the profitability variable, for the commercial banks in nine European countries over eleven years, 1991-2001, was constructed. The equation consisted of a fixed-effects part...

The United States in the 19th century was marked by initially quite high fertility levels but also by the onset of a relatively early and steep decline in fertility. Most of what we know about these patterns in the US comes from aggregate (typically county or state level) data. We provide new,...

In this paper, a simple dynamic model of efficient firm-level managerial resource allocation to two uses, one involving productivity activities and another one involving corruption activities to “get things done” was developed. The model follows the optimal control theory process. Two...

In California, a leading state in biotech research & development, and bio-pharmaceutical manufacturing, more than 100 establishments in these two related industries employ about 65,000 workers whose average wage exceeds $100,000 per year. On average, about 2000 construction workers build and...

This paper critically reviews Alex L. Rosaen, The Impact of Michigan’s Prevailing Wage Law on Education Construction Expenditures, Anderson Economic Group, LLC, Commissioned by the Associated Builders and Contractors of Michigan, 2013. It is shown that Rosaen’s estimates of the prevailing...