This study assesses the impact across states of for-export, mostly foreign-owned manufacturing plants (commonly known as 'maquiladoras') on various measures of standard of living in Mexico, namely literacy rate, school attendance rates, housing characteristics, life expectancy, infant mortality,...

El bienestar social es un concepto abierto, que ha sido definido de múltiples formas en la literatura económica y social, debido a la dificultad que entraña la comprehensión en una expresión concisa y breve de los sentimientos de satisfacción material e inmaterial que producen en los...

La política económica argelina entre 1999 y 2002 ha conseguido unos resultados excelentes en términos de control de las magnitudes macroeconómicas básicas, mejorando sensiblemente la solvencia internacional del país gracias sobre todo al aumento sostenido de los ingresos por exportaciones...

La política económica argelina entre 1999 y 2002 ha conseguido unos resultados excelentes en términos de control de las magnitudes macroeconómicas básicas, mejorando sensiblemente la solvencia internacional del país gracias sobre todo al aumento sostenido de los ingresos por exportaciones...

In this paper, we have obtained closed-form solutions in Cass-Koopmans growth models with heterogeneous agents. The relationship between the form of production function and the dynamics of income distribution is made explicit. We then use this relationship to determine what production structure...

This research develops a theory about the role of within-country income inequality leading to overtaking in economic performance among countries. The theory captures two opposing effects of inequality on factor accumulation and suggests that the qualitative change in their combined effect is a...

The Washington Consensus suffers from fundamental inadequacies, and that a more comprehensive framework of the economic process is needed to guide the formulation of country-specific development strategies. The following five propositions summarise the set of interrelated arguments made in this...

We explore commons problems when agents have access to capital markets. The commons has a high intrinsic rate of return but its fruits cannot be secured by individual agents. Resources transferred to the capital market earn lower returns, but are secure. In a two period model, we assess the...

Most studies that emphasize and encourage the shift towards a less regulated and financially open system rest on the premise of a prosperous growth prospect. Accordingly, interests have focused on growth models as a framework to understand and to analyze the effects of economic freedom. In this...

The Washington Consensus suffers from fundamental inadequacies, and that a more comprehensive framework of the economic process is needed to guide the formulation of country-specific development strategies. The following five propositions summarise the set of interrelated arguments made in this...