The aim of this research is to analyze the relationship between formal and informal institutions with transaction costs (bargaining and monitoring) of coffee growers in the State of Mexico. For this purpose, a measurement instrument was constructed based on a literature review and the...

There is growing recognition that innovation plays a key role in enhancing competitiveness and enable emerging economies catch up with rich countries. In this sense, Mexico needs to strengthen its national innovation system (NIS) in order to create wealth and reduce poverty and inequality. This...

The objective of the paper is linking the concepts expressed by Arts Economics or Cultural Economics, with microeconomics and General Cost´s Theory. Processes that use as input works of art are analyzed from a theoretical point of view. As societies evolve, a greater proportion of individuals'...

The objective of this report is to analyze whether development banks in Germany, Spain and Brazil have made a strategic counter during the current crisis. The development banks (necessarily consistent with public policy) are a tool that can address the countercyclical strategy that could drive...

This article hopes to facilitate dialogue within political studies by presenting a general description of the conceptual structure of Rational Choice Theory, RCT. The main goal is to present precisely and concretely the basic precepts of RCT both on its original formulation and on the...

We explore reasons underlying the economic prosperity of certain popular merchants in Bolivia. Even if economics often associates popular merchants with poor economic performance and low productivity, anthropological evidence shows the existence of large fortunes in the bolivian popular economy...

La apropiación de recursos económicos puede ser el medio de financiación de los grupos armados y a la vez determinante de la persistencia del conflicto. En Colombia, la apropiación de tierras ha sido una estrategia recurrente de los grupos armados al margen de la ley para aumentar su control...

This article uses the different mortality rates of European colonialists to estimate the effect of institutions on economic performance. Europeans adopted very different colonization policies in different colonies. In places where mortality rates were high they did not settle, but set up...

The purpose of this article is to evidence the current state of non-interconnected zones (ZNI) in Colombia, in terms of the offer of energy, regulation and institutional structure, in order to determine the incentives that seek to implement efficient solutions for these zones. For this purpose,...