This article analyses the main determinants of income per capita based on a sample of 50 countries for the period 2005 to 2009, using multivariate statistics. The results show that institutional indicators (heterodox) have a greater impact on the welfare of the population than the traditional...

This article analyses the main determinants of income per capita based on a sample of 50 countries for the period 2005 to 2009, using multivariate statistics. The results show that institutional indicators (heterodox) have a greater impact on the welfare of the population than the traditional...

The duality between cost and production function can be a key point to explore regulation process in Agent-Principal model because the Principal observes outputs in inputs and has asymmetric information about the cost by the Agent. This paper investigates the properties of production functions...