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The industrial development could be an engine of economic growth through several mechanisms. In this essay we analyzed only one of them: the decline of the industrial prices because of the technical change. We designed an equilibrium model of economic growth, and look at the theoretical...
Persistent link: https://www.econbiz.de/10005464606
In recent times, Sraffian Supermultiplier Model (SSM) (Freitas & Serrano, 2015; Serrano, 1995; Serrano et al., 2019) has become prominent in both theoretical and empirical discussions within the demand-led-growth framework. The SSM has three distinctive features: the rate of growth of output is...
Persistent link: https://www.econbiz.de/10014545907
In recent times, Sraffian Supermultiplier Model (SSM) (Freitas & Serrano, 2015; Serrano, 1995; Serrano et al., 2019) has become prominent in both theoretical and empirical discussions within the demand-led-growth framework. The SSM has three distinctive features: the rate of growth of output is...
Persistent link: https://www.econbiz.de/10014390270
Con base en un modelo bisectorial de crecimiento endógeno (Rebelo 1991), en el cual se produce un bien de consumo y un bien de capital, en este artículo se analiza el efecto de suponer aprendizaje en la práctica en el sector productor del bien de capital. El modelo modificado reproduce dos...
Persistent link: https://www.econbiz.de/10005196712
Persistent link: https://www.econbiz.de/10001486345
Using a gravity model, this article presents an analysis of aggregate trade flows aimed at identifying China’s impact on Latin America’s trade. The results obtained indicate that: i) China´s growth in the last years implied a growing supply of exports to this market from most countries in...
Persistent link: https://www.econbiz.de/10009668548
This working paper explores the effect of joint labor decisions on the study of wage regression models. The estimation of Mincer equations suffers from numerous sources of bias, including the sample selection problem generated by the fact that the agent decision to work is not independent of the...
Persistent link: https://www.econbiz.de/10012164622
This working paper explores the effect of joint labor decisions on the study of wage regression models. The estimation of Mincer equations suffers from numerous sources of bias, including the sample selection problem generated by the fact that the agent decision to work is not independent of the...
Persistent link: https://www.econbiz.de/10012029768
Persistent link: https://www.econbiz.de/10001426559
Persistent link: https://www.econbiz.de/10011640559