We use Schumpeterian growth theory to account for the divergence in per-capita income that has taken place between countries since the mid-19th century, as well as for the convergence that took place amongst the richest countries during the second half of the 20th century. The argument is based...

We provide a fast algorithm to calculate the m-dimensional distance histogram on which Brock, Dechert, and Sheinkman's (1987) BDS-type statistics are based. The algorithm generalizes a fast algorithm due to LeBaron by calculating the histogram for any finite set of distances simultaneously, and...

We introduce imperfect creditor protection in a multi-country version of Schumpeterian growth theory with technology transfer. The theory predicts that the growth rate of any country with more than some critical level of financial development will converge to the growth rate of the world...

A development and underdevelopment is presented using a Schumpeterian model for an open global economy with technology transfer and trade. When in the context of free commerce there exist strong enough mechanisms allowing technological asymmetries between countries to generate higher innovation...

I review the current theoretical and econometric literature on the economic dynamics of urbanization and its relation to economic growth. I then report research results on the short- and long-term impacts of urbanization on human development, using Gray and Purser’s 1970-2005 database on human...

Human development and urban development play essential and intimately interacting roles in economic development. The availability and cost of the basic inputs in health, education, work and housing depend on the urban-rural context. On the other hand urban growth is shaped by the cumulus of...

There is increasing awareness that race and ethnicity play an important role in the poverty and social marginalization of Latin American and Caribbean populations.

This article shows that cognitive ability determinants include both individual and local indicators of regional macroeconomic wellbeing, publicly provided goods and private goods, through 141 localities in Mexico. The inequity impact of these various goods is quantified using a concentration...

Diverse empirical investigations have been carried out on the reasons behind inter-vivo private transferences, and on the relationship between these and liquidity constraints. Nevertheless, studies on how these transferences are spent are relatively scarce. In this document, marginal...