The aim of this paper is to analyze the influence of social mobility on inequality dynamics and economic growth. We develop a framework in which agents accumulate human capital benefiting from two types of externalities: a social one and a local one. We first characterize the equilibrium...

Will the integration of BRIC (Brazil, Russia, India and China) into the global economy provide the biggest boost to the world economy since the industrial revolution ? In this paper, we investigate international demand spillovers brought about by an emerging global middle class and their impact...

In this paper, we investigate international demand spillovers brought about by a global middle class and their impact on trade patterns and industrialization. We propose a multi-industry and two-country trade model featuring demand complementarities propagating increasing returns across...

In this paper, we investigate international demand spillovers brought about by a global middle class and their impact on trade patterns and industrialization. We propose a multi-industry and two-country trade model featuring demand complementarities propagating increasing returns across...

This paper identifies three potential barriers to career advancement in sales: being excluded from informal networks, a lack of cultural fit, and a lack of mentoring. Using a sample of 241 account executives and managers from an organization in the television broadcasting industry, study results...

Resumen: El presente trabajo estudia el efecto de la política fiscal sobre el empleo y la producción de los sectores formales e informales. En particular, se estudia cuáles tipos de impuestos son más eficientes para financiar el gasto público, en el contexto de una economía con un sector...

Estudia las relaciones de largo plazo entre la distribución del ingreso, la composición de la demanda, la industrialización y el crecimiento para esto se fusiona el modelo de Murphy, Shleifer y Vshny (1989), en donde la distribución del ingreso determina el grado de industrialización, con...

Coyuntura Macroeconómica. La evolución macroeconómica de Colombia en 1996 estuvo dominada por dos grandes eventos: 1) una notable desaceleración del crecimiento económico con los consecuentes efectos sobre el empleo, y (2) la reversión de la tendencia a la reducción del ritmo...