The aim of this paper is to develop a stochastic optimal control model for a closed economy with three sectors: consumers, firms and government. The random variables that drive the stochastic dynamics of relevant economic and financial variables follow a Wiener process or Brownian motion. On the...

¿Qué quieren decir los economistas cuando hablan de “acumulación de capital'? La respuesta es todo, menos clara. La opinión convencional es que hay dos tipos de capital: real y financiero, que deben guardar correspondencia y que, infortunadamente, la mayoría de las veces no se...

Este artículo examina la relación dinámica entre la inversión extranjera directa (IED), la inversión pública (IPUB) de los gobiernos locales y el crecimiento económico para el conjunto de las 32 entidades federativas en México agrupadas por región y por nivel de competitividad para el...

The objective of the paper is to equilibrate the sectorial imbalances of the production of goods and services, identified in the Cuban productive structure, following a methodology that includes mathematical modeling. Econometric and goal programming (GP) models are designed to assess the...

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...

This article analyses the evolution of foreign capital weigh in 500 biggest companies based on Big Firms Survey carried by official statistical bureau, INDEC. Next other episodes of expansion and contraction of foreign capital are accounted for. Based on that facts, we propose a conceptual...

This paper studies how the socialpolitical and judicial factors have affected private investment in Venezuela and Latin America for the period 1995-2003 by means of panel data analysis. In the case of Venezuela, there is evidence that the fall in the investment rate in Venezuela has been caused...