A two-sector general equilibrium model that included drugs as basic goods was relatively successful at explaining the waste of resources that the war on drugs incurs (Ortiz, 2003). Due to the assumption of constant productivity, the model predicted the rise of the drug price with supply...

Spanish Abstract: Este artículo presenta una aproximación teórica a la relación causal entre el precio de los recursos naturales y las trampas de pobreza para el caso de un país productor de minerales. Partiendo de un modelo de generaciones traslapadas donde las decisiones de ahorro,...

A pesar de su amplio uso en los trabajos aplicados sobre rendimientos de la educación, este artículo demuestra que la «función minceriana estándar» no arroja una medida exacta del valor económico de la Educación Superior si ésta es una variable endógena. El problema de la endogeneidad...

Competitive markets could yield socially optimum results, but although market fail in many cases. If the regulation is successful in generating competition or in replicating its incentives, the next problem to solve is to face the inherent tendency of the competition dynamic toward...

In this paper we analyse the impact of the Fifth EU R&D Framework Programme (1998-2002) in the Spanish regions, considering the characteristics of the respective regional systems of innovation. The starting theoretical framework is the interactive pattern of technological change where the...

The main aim of this paper is to prove that rural tourism can be an essential means of bringing about the development of regions where there is a significant socio-economic imbalance. In Spain, there are still many rural areas with low levels of income and productivity. Production in these areas...