Showing 1 - 10 of 20
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 … bruto, la productividad, el empleo y los salarios. El principal resultado es que hay dos tipos de entidades en cuanto a … condiciones de competitividad. Aquellas más competitivas cuentan con una economía más productiva y diversificada, además de tener …
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
In this model, monetary policy follows an inflation targeting scheme, using the interbank interest rate as the instrument of policy, while the money supply remains endogenous. On the other hand, a limit for the fiscal deficit as a percentage of GDP is set as the rule for fiscal policy, public...
Persistent link: https://www.econbiz.de/10009216107
The tax system combining a flat tax rate with an exempt minimum income has been largely debated in recent years. Detractors argue that tax systems with these characteristics are less progressive and, hence, they tend to lower the degree of redistribution. In contrast, supporters brandish its...
Persistent link: https://www.econbiz.de/10010548327
This study wants to show the medium and short run consequences of diminishing Public Deficit in the Spanish Economy. Precisely, we show the effects from diminishing by one percent the Public Deficit over the Spanish national income, on the production levels of 16 economic sectors, the welfare...
Persistent link: https://www.econbiz.de/10004995008
The AK endogenous growth model with elastic labor supply and useful government expenditures of Turnovsky (2000) is specially calibrated for the Mexican economy in order to perform a series of fiscal reform exercises. Available taxes include lump-sum, consumption and factor income taxes. For all...
Persistent link: https://www.econbiz.de/10004983555