This paper formulated a short-run model, with an explicit role for monetary policy, for analyzing world oil and gas markets. The model described carefully the parameters of these markets and their vulnerability to business cycles. Estimates showed that short-run demand for oil and gas was price-...

The purpose of this work is to present a sort of short selective guide to an enormous and diverse literature on learning processes in economics. We argue that learning is an ubiquitous characteristic of most economic and social systems but it acquires even greater importance in explicitly...

This paper presents a brief review of the evolution of ideas of the Economics of Technological Change in the broad area of industrial structure, innovation dynamics and economic performance. Our emphasis is on contributions which might have policy relevance when it comes to the design and...

Three epistemologically distinct scientific approaches have dominated the relevant theoretical and empirical analysis on the determinants and dynamic processes of aggregate economic growth. These refer to (i) formal growth modeling approaches, (ii) evolutionary economics constructed on elements...

This paper presents the different conferences held around the subject of the theory of economic growth.

The traditional indicators on innovation rely on the linear assumption that research leads to development, centring on the measurement of inputs and outputs. Based on the traditional innovation indicators, recent studies focused on the industrial innovation process at Latin America state that...

We study the effects of oil-price shocks on the U.S. economy combining narrative and quantitative approaches. After examining daily oil-related events since 1984, we classify them into various event types. We then develop measures of exogenous shocks that avoid endogeneity and predictability...

The current global economic crisis has proven to be unpredictable for most decision-makers worldwide. Moreover, beliefs deeply embedded in the minds of economists about economics, about the virtues of capitalism and free market began to falter. Sooner or later the current crisis will end. The...

In this paper I attempt to make a case for promoting the courage of rebels within the citadels of orthodoxy in academic research environments. Wicksell in Macroeconomics, Brouwer in the Foundations of Mathematics, Turing in Computability Theory, Sraffa in the Theories of Value and Distribution...

This report presents the findings of a study which sought to examine the impact of Philippine government regulations on the status of Filipino domestic workers. The Migrants Workers and Overseas Filipinos Act of 1995 or RA 8042 and its amendments (RA 9422 in 2006 and RA 10022 in 2010) were aimed...