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) as well as on prices in Bolivia. The methodology used was structural autoregressive vectors and the data used came from … the price level. The demand shocks on GDP and prices in Bolivia are negative. Furthermore, I find that the political …
Persistent link: https://www.econbiz.de/10013162465
) as well as on prices in Bolivia. The methodology used was structural autoregressive vectors and the data used came from … the price level. The demand shocks on GDP and prices in Bolivia are negative. Furthermore, I find that the political …
Persistent link: https://www.econbiz.de/10012287320
The aim of this paper is to study the role that prices play in the New Neoclassical Synthesis. It is shown that … offers the same answers on the minor role of prices in static macroeconomics. In spite of this, the New Neoclassical … the search for not just better answers, but for new questions regarding prices in a monetary theory. …
Persistent link: https://www.econbiz.de/10005464605
investment, while the external demand contribution was the result of an easing in imports and some acceleration in exports. In …
Persistent link: https://www.econbiz.de/10012524735
Persistent link: https://www.econbiz.de/10014240091
This paper discusses how the theory on the role of institutions in development can be improved, by critically examining the current orthodox discourse on institutions. To understand the relationship between institutions and economic development, it is necessary to have some balance between...
Persistent link: https://www.econbiz.de/10005747230
In 1980, Venezuelan income per capita in dollars was 1.4 times higher than that of Colombia, but in 2007, this ratio was reversed and the Colombian income was 1.1 higher than that of Venezuela. This result deserves an explanation, as both countries made similar structural reforms to allow a free...
Persistent link: https://www.econbiz.de/10005747271
This article represents an approach to solve the key problem of the economic development theory, a mathematic description of the social and economic system during a long period of time, where one of the most important system property is manifested: a transition from a stable condition, economic...
Persistent link: https://www.econbiz.de/10009001990
This paper is based on the hypothesis that to feel individually and collectively respected is vital to private and public happiness because, as well as the sensation of comfort that it produces, respect creates a favorable context both for the acquisition of capabilities and for the opportunity...
Persistent link: https://www.econbiz.de/10008682157
In recent years, there has been a plethora of econometric literature on the determinants of growth. However, the lack of a theory that integrates economic, political and cultural factors does not allow an adequate interpretation of these new results. This article proposes a conceptual framework...
Persistent link: https://www.econbiz.de/10008559145