Para generar la eficiencia económica en la asignación de recursos naturales se necesita establecer el uso que genera el mayor valor económico. Para el caso de activos naturales como la tierra, su valor económico total está determinado por la agregación de valores mercadeables y no...

Earlier papers have found considerable heterogeneity in the returns to degrees in relation to subjects of study, degree classification and higher education institution. In this paper we examine heterogeneity of returns across British regions using the Labour Force Survey. We find substantial...

Although human capital externalities are a key variable in theories of economic growth, there has been little investigation of the mechanism by which these externalities are realized. We examine the relationship between the local levels of human capital and firm formation rates and find that...

An important element in considering school finance policies is that households are not passive. Instead they respond to policies with a combination of modified residential choice and political choice of tax levels. The highly stylized decision models of most existing analyses, however, lead to...

Empirical evidence suggesting that a considerable amount of horizontal strategic interaction exists amongst governments is important in light of recent devolutionary trends of many important public programs. The empirical approach in these studies typically relies on estimating reaction...

One account of spatial concentration focuses on productivity advantages arising from market size. We investigate this for forty regions of Japan. Our results identify important effects of a region's own size, as well as cost linkages between producers and suppliers of inputs. Productivity links...

We often present data bank building (output-data calculation) as an only quantitative work. We think that economist should consider the context where his input-data were built, before to use them in his own data bank (we suggest to make an institutional and a bibliometric analysis of the...