Inflation in the USA between 1960 and 2004 is studied in the framework of the revealed rigidity of the personal income distribution normalized to the total nominal GDP. Inflation is found to be a mechanism, which prevents changes in the relative incomes induced by economic growth and population...

During the early nineteen sixties, Albert Hirschman negotiated with the International Bank of Reconstruction and Development, part of the World Bank group, the financial support that he needed for an extended visit to several WB development projects scattered throughout the poor areas of the...

Research on Singapore's economic history has been complicated by the absence of economic data on pre-independence Singapore. This book aims to fill the gap by presenting a time-series of historical GDP estimates for the periods 1900–39 and 1950–60. The new data presented in the...

In spite of healthy demand for a renaissance in economic policy for agricultural development, the academic supply response is found wanting. The infusion of public economics into the economics of agricultural development, which thrived during the 1970s and 80s, has stagnated due to the lack of...

Foreign investments bring in not only new employment but also novel technology, managerial skill and know-how, that may also dissipate into the local economy. It is not clear whether this effect differs by the nationality of source countries, in particular between Chinese and non-Chinese firms....

We analyse the interdependence between green attitude and equilibrium development of environmental quality in an endogenous growth model. Individuals take only part of their impact on pollution into account, hence there is a negative externality of capital accumulation on environmental quality....

In lieu of the institutional hypothesis of economic growth, an economic model and an econometric model are proposed to explore how important institutional settings were for economic performance during the first ten years of the new millennium in Latin America. According to instrumental variables...

The following document describes an experimental methodological design implemented to test the cognitive synergy hypothesis regarding poverty reduction proposed by Boiser (2010). The cognitive synergy hypothesis refers to social, cultural accumulation altogether with informal and formal...

El artículo analiza la evolución histórica de la inversión pública y la restricción presupuestaria en la infraestructura de transporte en Colombia durante el periodo 1960-2011, mediante la identificación de los periodos de ajustes fiscales y su relación con la evolución de la inversión...

If property rights in land are so beneficial, why are they not adopted more widely? I propose a theory based on the idea that limited property rights over peasants' plots may be supported by elite landowners (who depend on peasants for labour) to achieve two goals. First, like other distortions...