The present paper analyzes the phenomenon of corruption in the context of a Public Works Department (PWD) in a developing country city and examines its tenacity in the face of anticorruption measures. Different behaviour patterns of the supervisor (official) of the PWD have been considered. The...

El profesor Forero en su ensayo plantea que en los actuales momentos y dada ladesaparición del enfrentamiento entre socialismo real y lo que él llama Capitalismogenérico", se pueden analizar las distintas dimensiones de un modelo económico quepermite comprender las diversas variantes del...

This paper provides a theoretical analysis of the relationship between public sector motivation and development. We analyze a simple two sectors model: a public and a private sector in which the returns are increasing in the quality of the public good produced by the public sector. The main...

We analyze the effect of the projected demographic transition on the political support for social security, and equilibrium outcomes. Embedding a probabilistic-voting setup of electoral competition in the Diamond (1965) OLG model, we find that intergenerational transfers arise in the absence of...

In the aftermath of the global financial crisis, the state of macroeconomicmodeling and the use of macroeconomic models in policy analysis has come under heavy criticism. Macroeconomists in academia and policy institutions have been blamed for relying too much on a particular class of...