This paper describes the structure and construction of a social accounting matrix (SAM) for Pakistan for 2001-02. A SAM is an internally consistent extended set of national accounts that disaggregates value-added in each production activity into payments to various factors (e.g., land, labour,...

New and old mainstream macroeconomics argues that price flexibility stabilizes the economy. After a decline in aggregate demand, the more rapid prices fall, the faster output returns to its full employment level. The theoretical basis for this result is the well known "Pigou effect". However...

Auction mechanisms commonly used in practice for awarding infrastructure concession contracts induce a bias towards the selection of concessionaires who are optimistic about demand, but are not necessarily cost-efficient. This helps to explain the frequent renegotiation of concessions observed...

Using an improved statistical methodology including tests designed for heterogeneous panels, this paper tests for mean reversion in monthly US Dollar based real exchange rates for nine East Asian countries, including those that were severely affected by the 1997 Asian financial crises. The...

Some programs and research networks are dealing with topics associated to the automtive sector and they observe one of the most significative sectores of modern economies. Because of that is so interesting to forecast some possible changes in an horizon of 10 to 20 years. But this exercse must...

The impact of school choice on education quality is one of the most hotly contested issues in education economics. We contribute to the debate by investigating the effect of concentration of local education markets and the number of schools in the city on the average achievements of 9th grade...

While the strategy of measuring and quantifying has been extremely successful, and valuable in the progress of science, it does not follow that it is universally useful. We argue that attempts to measure corruption can be counterproductive in several different ways. Qualitative and action...

This article presents a series of reflections about the probable behaviour of the colombian economy during this year. In this article, there are shown and sustained the macroeconmic projections of the Grupo de Macroeconomia Aplinada. Equally, there are some hypotheses that are established about...

Bilbao has gained fame with the Guggenheim Museum, even in the Academic world. Google Scholar yields 2610 outcomes for “Bilbao Guggenheim” and the number of articles published in ISI-WoK listed-journals is 93 up until today. Surprisingly, however, almost 80% of these articles have been...

The competitiveness of enterprises depends not only on their strategies and operations but also on the macroeconomic and microeconomic environment in which they operate. The various instruments for business support can be found in industrial policies of EU member states, which were often...