This paper studies the real exchange rate experience of the Southern cone countries during the late seventies and early eighties, and the explanations given to the sharp real appreciation of their currencies that generated ...

We develop a method that allows transforming retained business profits in a particular year into business-accrued capital gains of the same year. These capital gains thus estimated can be simply added to other sources ...

Residents' attitudes concerning tourism evolution and impacts in tourism host localities are a crucial determinant of the ability of the tourism sector to develop. Easter Island has recently experienced a tremendous tourism ...

Cities are the outcome of processes of economic maximization where not all requirements of perfect competition are given (there are externalities, transaction and information costs, and market power), and where the past ...

This work presents a new perspective on how Zadeh's ideas related to fuzzy logic and computing with words have influenced the crucial issue of information aggregation and have led to what may be called a human-centric ...

In this paper we analyze the relationship between survival, employment growth and firm size in Chile, an economy that has reduced largely its trade barriers in the last three decades. We are particularly interested in ...

New trade theory and endogenous growth models have revived the debate on the static and dynamic implications of trade orientation. Alas, a decade of models has produced more ambiguity than clarity, placing a premium on ...

Our model demonstrates that when imports are predominantly intermediate inputs, as in most developing countries, import restrictions cannot be always relied on to generate an improvement in the trade balance. Such restrictions ...

The inhability of the agricultural sector to maintain the relative income level of the population devoted to the sector has been called the “farm problem” in the literature. The analytical wok on the farm problem” has been ...

Esta nota estudia los determinantes de la tasa apropiada para fijar peajes de transmisión. Para ello se desarrolla un modelo simple que permite descomponerla en una suma de la tasa libre de riesgo y el premio por ...