Recent incremental changes to the United Nations' System of National Accounts (SNA) are used in this paper to explore the theory of institutional change from the New Institutional Economics perspective. The SNA is subject to strong forces of inertia given the embeddedness of the accounts in...

Review of: Making Capitalism. The Social and Cultural Construction of a South Korean Conglomerate. By Roger L. Janelli, Dawnhee Yim. 1995. Cambridge University Press: Cambridge

In this paper we develop a dynamic model that explains the pattern of population and production allocation in an economy with an urban location and a rural one. Agglomeration economies make urban dwellers benefit from a larger population living in the city and urban firms become more productive...

The South Asia region is home to the largest pool of individuals living under the poverty line, coupled with a fast-growing population. The importance of access to basic infrastructure services on welfare and the quality of life is clear. Yet the South Asia region?s rates of access to...

As in other Latin American nations, the petroleum industry has always been surrounded by controversy in Brazil. Issues related to exploration, exploitation and import of crude have received special attention by Brazilian decision makers. In the past decade, an additional relevant issue was...