The aim of this paper is to examine how the service sectors contribute to labor productivity in the economy as a whole, as well as each of the sectors in particular, using the notion of vertically integrated sector developed by Pasinetti (1973). The studies focused on structural changes and...

This paper synthesizes our results from work on growth in the Americas and especially on the former slave regions. Firstly, we found that significant differences in GDPpp emerged only after slavery was abandoned. At abolition, there was a fall in almost all of them but most started to grow...

The aim of this paper is to analyze the effects of adopting an inflation targeting regime, in which central banks set the short-term interest rate as a response to deviations of inflation from its target and of output from its potential, over economic growth. To this end, we build a non-linear...