The main aim of this paper is to refresh the theoretical concept called Wagner’s Law which says that economic growth should be stipulated by increasing public expenditure. Observations of the long term trends lead to the conclusion that allocation of resources by the state systematically...

The aim of this paper is to analyze the relation between the utilization of the potential of the new global economy and the level of the operational activity of governments in highly developed countries. The empirical study was based on the following thesis

The purpose of this paper is to analyze changes in governance in transition countries and to evaluate their distance to high-income OECD countries.

Desde los años 90s, se ha intensificado la discusión acerca de la necesidad de reformas tributarias de diversa índole en Costa Rica. A pesar de que algunas veces se han impulsado reformas ambiciosas, los resultados siempre han sido el fracaso o, en el mejor de los casos, cambios marginales...

Costa Rica atraviesa por un momento histórico importante. La crisis económica contribuyó a poner en evidencia los problemas económicos, políticos y sociales con los cuales los costarricenses se acostumbraron a vivir. Durante los últimos cincuenta años, nos acostumbramos a vivir de glorias...

This paper shows that inflation crises may stimulate the accumulation of human kapital. A crucial idea is that high inflation undermines total factor productivity, which makes working and physical capital formation less attractive. If young agents consider high inflation to be temporary, they...