China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

The model presented in this paper describes trade in goods between two countries endowed with three exogenous production factors: skilled and unskilled labor, and a stock of natural resource. The number of skills is an endogenous production factor that determines dynamic comparative advantages....

Quality rural products in general and wine more specifically, acquire an increasingly important role in European Communities Rural Growth policies. This results from the fact that they have a commercial advantage over other products, they support rural income and the rural economy, contribute to...

This paper aims to provide an analysis of the interaction between human, economic and social development in Romania, in the period 2010-2019. To facilitate the examination of the human development, I have used the human development index and its components, while the economic development has...

This article focuses on identifying what are the key sectors with high potential for drag induced investment in the Mexican economy, also characterizes the sectors according to their hierarchy, impact and degree of articulation. To achieve this the input-output matrix national 2003 was used...

This paper quantifies the economic impact of geographical features using Colombian data at the municipal level. We use the proportion of slave population in 1835 as an instrument of current institutions. We find that, controlling for institutional quality, geographical characteristics, such as...

This essay analyzes the differences between the economies of industrialized countriesand developing countries, which have important implications for macroeconomics in terms of theory and policy. It considers the differences in macroeconomic objectives and examines why the reach of macroeconomic...

This essay analyzes the differences between the economies of industrialized countriesand developing countries, which have important implications for macroeconomics in terms of theory and policy. It considers the differences in macroeconomic objectives and examines why the reach of macroeconomic...

Mexico is a highly centralized federation. The states and municipalities are highly dependent on federal transfers and so equally at risk to the country’s fiscal dependence on oil. Although Mexico has become more truly federal since multiparty competition has become vibrant and several states...