Showing 1 - 10 of 18
This paper sheds new light on the observed income polarization process between Bogota and the rest of the departments in Colombia by pointing out the crucial role played by market access in avoiding departmental income disparities to be narrowed and, in so acting, as a penalty for the...
Persistent link: https://www.econbiz.de/10011162927
This study analyzes the ability of neuronal nets to predict the direction of the U.S. and Mexican economies, with the lagged indexes of the capital markets of each country as inputs and the compound leading economic indicator index (LEI, here treated as a coincident indicator) as output....
Persistent link: https://www.econbiz.de/10005025318
Until the appearance of the first wave of studies focusing on the hypothesis of the clarity of responsibility, the theory of economic voting implicitly assumed that the government is held responsible for the economic conditions of the country. Departing from previous studies based upon the...
Persistent link: https://www.econbiz.de/10005025319
The ability of some neural nets to predict the direction of the Mexican economy —represented by its LEI— when taking as inputs the simultaneous versions (smooth- ing and predictive) of a Gaussian Process fed with a Stock Index and a Bonds Index representing the Mexican market, is favorably...
Persistent link: https://www.econbiz.de/10009318464
Taking as point of departure the basics of the economics of innovation, the Mexican evidence builds on two major obstacles: market failures inhibit economic returns to R&D and, consequently, the inexistence of a national innovation system. In such context, fiscal subsidies to R&D are introduced...
Persistent link: https://www.econbiz.de/10009357876
This paper compares growth conditions in China and Latin America to assess fears that China will displace Latin America in the coming decades. China’s strengths include the size of the economy, macroeconomic stability, abundant low-cost labor, the rapid expansion of physical infrastructure,...
Persistent link: https://www.econbiz.de/10004983559
Dual inflation takes place when price increases in nontradable goods are higher than those of tradable goods. In this paper, we develop a simple model where public spending has a positive externality on the production of both sectors. The main results suggested by the paper are the following: i)...
Persistent link: https://www.econbiz.de/10005009893
competitividad económica de las 32 entidades del país, destacando las actividades principales por lo que respecta al producto interno … condiciones de competitividad. Aquellas más competitivas cuentan con una economía más productiva y diversificada, además de tener … de menor competitividad dependen de pocas actividades que alcanzan una mayor importancia local e intentan compensar la …
Persistent link: https://www.econbiz.de/10011082320
This paper identifies and analyses the fundamental structural shocks that have explained the short run fluctuations of the Venezuelan economy in its recent history. For this purpose, we estimate a dynamic factor model (GDFM) with a panel of 115 variables and evaluate the effects of a monetary...
Persistent link: https://www.econbiz.de/10010929511
It has been widely believed that Mexico’s rapid economic growth during the 1934-1956 period was only possible through an expansionary economic policy financed by inflationary means. Hence its contrast with the Stabilizing Development policy of the 1960’s, considered the golden age of rapid...
Persistent link: https://www.econbiz.de/10005017986