In this paper, the next question is answered: Why in the study period 2004-2014, Colombian rural poverty decreased, Even if rural income shares did not change? So as to do it, it is done an analysis of growth rates of some economic series, such as: rural income growth, rural income shares, rural...

In this paper, the next question is answered: Why in the study period 2004-2014, Colombian rural poverty decreased, Even if rural income shares did not change? So as to do it, it is done an analysis of growth rates of some economic series, such as: rural income growth, rural income shares, rural...

We introduce two-period general equilibrium models with heterogeneous producers and financial frictions. Any agent can borrow to realize their productive project but the debt repayment does not exceed a fraction (so-called credit limit) of the project's value. Our framework allows us to...

Driven by methodological concerns, theoretical considerations, and previous evidence, we systematically test the validity of common dictator-game variants with probabilistic incentives. We include four approaches and compare them to a standard dictator game: involving fewer receivers than...

This study develops a Schumpeterian growth model with heterogeneous households and heterogeneous firms to explore the effects of monetary policy on innovation and income inequality. Household heterogeneity arises from an unequal distribution of wealth. Firm heterogeneity arises from random...

Driven by methodological concerns, theoretical considerations, and previous evidence, we systematically test the validity of common dictator-game variants with probabilistic incentives. We include four approaches and compare them to a standard dictator game: involving fewer receivers than...

This study develops a monetary Schumpeterian growth model with heterogeneous households and heterogeneous firms to explore the effects of inflation on innovation and income inequality. Household heterogeneity arises from an unequal distribution of wealth. Firm heterogeneity arises from random...

Abstract A country is seen as successful or not, in solving the economic problems of its own country can be seen from the country's macro and micro-economy. Macroeconomics is a study of activities that discuss the economy of a country. One of the macroeconomic indicators used to see/measure a...

This study explores the evolution of income inequality in an economy featuring an endogenous transition from stagnation to growth. We incorporate heterogenous households into a Schumpeterian model of endogenous takeoff. In the pre-industrial era, the economy is in stagnation, and income...

This study explores the dynamic effects of patent policy on innovation and income inequality in a Schumpeterian growth model with endogenous market structure and heterogeneous households. We find that strengthening patent protection has a positive effect on economic growth and a positive or an...