En la medida en que el proceso de diversificacion nos permite crear carteras de titulos en las que sea unicamente el movimiento de mercado en su conjunto el unico riesgo a tener en cuenta, entonces la rentabilidad esperada de cualquier cartera debera depender del riesgo de mercado, tambien...

En este trabajo se realiza una revision a la literatura empirica de crecimiento economico, desde la vertiente del capital humano. Se analiza la consideracion de la educacion en la economia desde el pensamiento clasico hasta las mas actuales teorias de crecimiento endogeno, teniendo en cuenta...

This paper compares several methodologies for analysing unidirectional and bi-directional causality between Consumption and GDP in 25 OECD countries during the period 1960-95. For analysing unilateral causality a comparison is made between cointegration tests and joint regression on alternative...

En este trabajo se analizan los diferentes enfoques utilizados a nivel agregado en los estudios econometricos sobre el mercado de la vivienda, asi como las principales variables explicativas que intervienen en la determinacion de los niveles de inversion y los precios. La revision de algunas de...

This analysis was performed with data from 10 European Union countries in the period 1962-86 and is devoted to the changes in the structure of private consumption with respect to eight commodity groups. We began with eleven different approaches from which we chose four. In turn we then compared...

We analyse the evolution of Private Consumption on two special groups of expenditure: Health, and Education and Culture, having into account that there are some substitution effects between public and private expenditure on both groups. The comparison is made with data of real private...

Este trabalho tem como objectivo a realização de uma analise da economia brasileira, em 1960-2000, numa perspectiva sectorial. Os modelos econometricos e o teste de causalidade de Hausman mostram que o incremento da produção manufactureira e necessario para lograr um desenvolvimento...

We analyse the positive effects of industry, external trade and tourism on economic development, with a comparative study of twenty-two Latin American countries and an especial reference to the case of MERCOSUR and Andean Community. Besides tourism the industrial evolution is also very important...

We present a comparison of economic development in Mexico with some OECD countries (France, Spain and the USA) and Latin American countries (Brazil and Argentina) and we analyse the evolution of employment in Mexico, having into account the positive impact that industrial development has in...

We present a complete set of data of employment and value-added at 6 sectors classification, calculated having into account OECD National Accounts, regional data from Eurostat and our own estimations when necessary for former EEC12 countries, for the years. We fit and analyze an interregional...