One of the great pleasures of belonging to my generation of economists is that we were able
to witness the birth and the subsequent evolution of the modern approach to the analysis of …

AN INVESTMENT PROJECT USUALLY LASTS FOR MANY YEARS. To determine if the
project should be implemented, the net present value of the project is considered the most …

El crecimiento económico es el incremento en la disponibilidad de bienes y servicios de un
país en el tiempo. Es decir, los aumentos en la cantidad de nuevas casas, carreteras …

1. This paper presents a vision of the growth process that differs, at least in its points of focus
and emphasis, from much of the recent literature in the field. The key points of focus are: a) …

The real rate of return to capital plays a vital part in the economy in evaluating the
contribution of capital investment to the economic growth. As it is also a key variable in …

This study provides an analytical framework for and practical application to the estimation of
the rate of return capital, the marginal effective tax rate, and the economic opportunity cost of …

This paper develops a regional-level total factor productivity (TFP)-based proxy measure of
the economic value of the functions entrepreneurs perform in the economy. In providing the …

Este trabajo de investigación analiza el crecimiento en la productividad total de los factores
(PTF) durante el período 1929–1944 y su importancia como fuente de crecimiento en la …

This report employs the supply price approach to the estimation of the economic opportunity
cost of labor (EOCL) for a number of labor market situations in Ghana. This is applied as an …

1/Este trabajo fue elaborado para la Conferencia Anual 2016 de FIEL. Los autores
agradecen los comentarios de Juan Luis Bour, Director de FIEL, la generosa y permanente …