In this paper we estimate the long-term elasticity of public infrastructure of GDP for the period 1960-2010. It is important to note that while the term "equilibrium" in economics is quite broad, here we refer only to a stable statistical relationship between economic variables. In this paper we...

The role of infrastructure in fostering economic growth and enhancing public welfare is more pronounced in developing economies like India. At the time of our independence, the national government was unanimous in accepting that a much wider base of infrastructure was the ‘sine qua non’ of...

The purpose of this research is to evaluate the hypothesis of differentiated growth in the municipalities of Colombia which receives rents from exploitation of non-renewable natural resources in comparison with the rest of the country. A specific strategy is to estimate the empirical evidence...

As part of a broader discussion of fiscal federalism in Argentina, this research analyzes the role of the National Budget as an instrument of resource allocation that has an impact located in the provinces. To do this, we consider the evolution between 2004 and 2007 transfers and budget programs...

In spite of the analysis of sophisticated developments and their effects in the agricultural sector, measuring composite index of agricultural development depending upon main statistical indicators in the determination of the level of agricultural sector developments is one of the important...

On many occasions we need to construct an index that represents a number of variables. Cost of living index, general price index, human development index, index of level of development, etc are some of the examples that are constructed by a weighted (linear) aggregation of a host of variables....

Biology and Anthropology/Sociology have dealt with issues of diversity for a long time, developing different concepts, theories and methods. In recent years there has been, if not a convergence, but at least a recognition that problems in nature and in society are interrelated. This paper...

Despite the fact that in 2011 Italy will celebrate the 150th anniversary of its political unification, geographical disparities stand out as a prominent characteristic of the country. The paper estimates the trend of the cost-of-living differentials across regions in the half-century after the...

Inflation is currently low and falling in the OECD area. A side effect of these facts is that they made harder the task of price index compilers. First of all, researchers and analysts are moving their attention from aggregate price dynamics to price differentials (among products, markets,...

Housing co-operatives, also known as “tenant-owner co-operative housing”, provide an alternative to both renting and owning a dwelling. As an indirect form of ownership, it poses some conceptual and practical issues to anyone aiming at compiling a price index covering all forms of...