The paper discusses different attempts to measure economic growth in Europe before the Industrial Revolution. It is argued that the figures published by Angus Maddison probably overestimate growth between 1000 and 1820. Next, a method for simulating long-term patterns of growth is presented, and...

Spanish Abstract: La mayor importancia relativa que han adquirido los mercados emergentes (ME) tiene profundas y complejas implicaciones sobre el orden mundial. En este momento, la dimensión económica es posiblemente la más fácil de apreciar. De hecho, al analizar los próximos diez años...

Spanish Abstract: El ritmo de crecimiento económico japonés fue sustancialmente mayor que el exhibido por el conjunto de las economías desarrolladas entre 1985 y 1995; posteriormente ha sido menor. ¿Qué explica esta declinación relativa? De acuerdo con los resultados econométricos de un...

El IPG es un indicador que busca medir el bienestar económico desde una perspectiva contable. Su comparación con el PIB, actualmente el indicador más usado para medir el crecimiento y el bienestar económico, arroja como resultado que el nivel de bienestar está sobrestimado y por tanto el...

This paper shows that the evolution of the level of Mexico real and real per capita output between 1895 and 2008 can be adequately described through a trendstationary model, affected by 4 structural breaks, which occurred at dates that seem to coincide with domestic institutional arrangements,...

In recent times, Sraffian Supermultiplier Model (SSM) (Freitas & Serrano, 2015; Serrano, 1995; Serrano et al., 2019) has become prominent in both theoretical and empirical discussions within the demand-led-growth framework. The SSM has three distinctive features: the rate of growth of output is...

This paper looks at the hypothesis of conditional convergence of Gross Domestic Product (GDP) per capita for a set of eighteen Latin American countries establishing a positive link with the growth rate of those economies. To that purpose, Ø-convergence, σ-convergence and Ú-convergence...

The Mexican economy has shown four decades of slow growth; still it would be reasonable to expect changes in its productive structure along such a long period of time considered, as a result either of the embodied technical change or as a result of the economic policies, that have sought the...

The aim of this paper is to examine the impact of financial development on economic growth. The contribution of both capital and credit market movements on the dynamics of Mexico's gross domestic product (GDP) over the period 1996-2017 is empirically tested using an Autoregressive Distributive...