This enlightening and significant volume focuses on the nature, causes and features of economic growth across a wide range of countries and regions. Covering a variety of growth related topics – from theoretical analyses of economic growth in general to empirical analyses of growth in the...

Research on China’s role in the globalisation of economic activity focuses mainly on its involvement in trade and on its competitiveness as a manufacturing location for foreign investors. However, since the mid-1990s China’s outward foreign direct investment (OFDI) has become an...

En este artículo presentamos una variante del modelo tradicional del modelo Mundell-Flemming. La misma introduce en dicho análisis el papel que juegan el déficit fiscal y el nivel de reservas en la determinación del riesgo país. Esta pequeña modificación en dicho paradigma tradicional...

This paper presents a theoretical framework to study the social cost of random mechanisms for allocation of resources instead of market or price oriented systems. The social cast of not allowing unrestricted sales of the telephone lines owned by ENTEL, wa

Public schools in Chile receive a per-student subsidy depending on enrollment, and are managed by local governments that operate under soft budget constraints. In this paper, we study the effects of this system on per-student expenditures. Per-student expenditures on rural areas are 30% higher...