English Abstract: Schumpeter's concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social and economic cost and therefore biases our estimate of the impact of the innovation on GDP is hardly...

En este trabajo se cuantifica el contenido informativo de los Índices de Confianza utilizados por el Banco de la República en la elaboración de su Informe sobre Inflación. Se estudian las frecuencias a las que ocurren sus variaciones y se comparan con las frecuencias de medidas similares de...

En este trabajo se cuantifica el contenido informativo de los Índices de Confianza utilizados por el Banco de la República en la elaboración de su Informe sobre Inflación. Se estudian las frecuencias a las que ocurren sus variaciones y se comparan con las frecuencias de medidas similares de...

This article presents three methods to estimate the logarithm of monthly real GDP in Mexico from the Global Indicator of Economic Activity (IGAE): (1) a deterministic approach using the IGAE growth rate; (2) an extension of Denton method; and, (3) the Kalman filter. In these methods the monthly...

This article presents three methods to estimate the logarithm of monthly real GDP in Mexico from the Global Indicator of Economic Activity (IGAE): (1) a deterministic approach using the IGAE growth rate; (2) an extension of Denton method; and, (3) the Kalman filter. In these methods the monthly...

This working paper explores the effect of joint labor decisions on the study of wage regression models. The estimation of Mincer equations suffers from numerous sources of bias, including the sample selection problem generated by the fact that the agent decision to work is not independent of the...

This working paper explores the effect of joint labor decisions on the study of wage regression models. The estimation of Mincer equations suffers from numerous sources of bias, including the sample selection problem generated by the fact that the agent decision to work is not independent of the...

In order to analyses the propagation effect, which is of great importance in the analysis of dynamic relationships in studies of Economic Development, here we present a classification of dynamic models, having into account several situations retarding this important effect, including not only...

This paper presents an analysis and classification causality relationships in Econometrics, with particular focus on economic development, having into account the changes in direction of causality, in disequilibrium models, and other views from demand and supply sides. We analyze the evolution...

Este documento presenta un análisis comparativo del empleo en España y en la UE, y relaciona la evolución del empleo no agrario con el impacto positivo del desarrollo del sector manufacturero sobre los demás sectores no agrarios, particularmente sobre el sector servicios. El estudio...