This paper summarizes and analyzes the main sources and methods used in the reconstruction of regional GDPs in Colombia for the 19th and 20th centuries. In addition, it is offered a general perspective of the field's evolution in the coming years.

This paper investigates the role of public expenditures and general government debt in microfinance performance. Our panel regression applied to the data of microfinance institutions (MFIs) in Latin America and the Caribbean confirms the high significance of public finance for the growth of...

This study recalibrates corporate bond idiosyncratic risks in an international context. Applying a statistically powerful risk decomposition scheme, we show in this study that diversification is improved by the addition of a global risk benchmark. We build a long-run stationary yield spread...

Article about the role of equilibrium in regional economic development and regional governance. The author proposes a system of index ratings disparities in socio-economic development of the regions of the Russian Federation.

International trade moved from "trade in goods" to "trade in tasks" and effective protection rates (EPRs) are back to the analytical stage. They measure the overall protection that sectoral value-added is receiving from applied tariffs. The paper calculates sectorial EPRs for 10 Asian-Pacific...

The representative economist does not understand the two most important phenomena in the economic universe: profit and income. Because of this economists have nothing to offer in the way of a scientifically founded advice. Therefore, the contributions to economic blogs cannot claim to offer more...

State and government leaders of the African Union adopt and implement efforts for regional integration as a common strategy for the development of the continent. The objective at continental level is the establishment of the African Economic Community as the last of six consecutive stages,...

Latin America has often been depicted as one of the most unequal regions in the world. However, after the rising of inequality, the figure decline dramatically starting from the year 2000. In this setting, Bolivia has been one of the poorest performers on income distribution efforts, lately,...

In this paper I review the main features of the Argentine economic recovery that took place after the 2001/2002 crisis. I analyze that recovery along several dimensions: growth, fiscal and export performance, debt, international reserves, unemployment and poverty. I also review the 1990s...

In this paper we consider a sequential allocation problem with n individuals. The first individual can consume any amount of some endowment leaving the remaining for the second individual, and so on. Motivated by the limitations associated with the cooperative or non-cooperative solutions we...