The response by regional and national economies to exogenous impulses has a well-established literature in both spatial econometrics and in mainstream econometrics and is of considerable importance given the current economic crisis. This paper focuses on dynamic counterfactual predictions and...

On this note we introduce some behavioral hypothesis on the static version of Grossman model on the demand for health. Three behavioral hypotheses are considered in the static version of Grossman model: the status, the social pressure and trust. We show that a preference for status and for...

Accounting for the uncertainty inherent in real-time perceptions of the state of the economy is believed to be critical for the analysis of historical monetary policy. We investigate this claim through the lens of a small-scale new-Keynesian model with optimal discretionary policy and partial...

Generation of social capital among the poor village women through micro-finance participation emerges an important aspect of rural development programme. This paper presents a method of calculating Social Capital Index and on the basis of two periods longitudinal primary data establishes the...

The purpose of this paper is related to the idea of providing the theoretical and empirical findings in the literature about the E-Tourism concept. The objective of the paper is resumed to the influence that new IT&C technologies developed during the last decade of the past century, starting the...

In this paper, we made a brief review of the theory that analyzes the interaction between crime and economic growth, then we present two indices of insecurity for Mexico using the principal component factor analysis. An index called national public insecurity which refers to federal crimes (drug...

Addresses the question of causality between public capital and private production in Australia. Representations for private production; Long-run elasticities; Short-run dynamics; Relationship between public capital and employment.

This volume contains the proceedings of a round-table discussion on the consequences of EU enlargement on structural economic policies in East and West. The discussion was based on a report of the Working Group on Enlargement of the EU's Economic Policy Committee (EPC). In the light of the...

The Ramsey (1928) accumulation path is characterized as a saddle-path in the standard presentations of the model based on the works of Cass (1965) and Koopmans (1965). From a mathematical stance a saddle-path is unstable: if the system is exactly on that path, it converges to the steady state of...

This paper summarizes the alternative policy paths that can be followed for the correction of economic, social and cultural problems associated with the emergence of the phenomenon of star markets and excess consumption in developed economies. The phenomenon of star markets is relatively new but...