The aim of this paper is to address the sources of technical and allocative inefficiency from a cross section sample of 308 beneficiaries of a market assisted land reform program, called “Cédula da Terra” from five states in Northeastern region of Brazil. In spite of some differences on governance of the “Cédula da Terra” in comparison with traditional expropriation land reform program, studies carried by Buai...
We present an economic growth model with human capital, based upon Arrow (1962), in which we assess the impact of political leadership change either in governments or political parties. The change of leadership might be seen as a change in embedded human capital, and thus we might evaluate the loss or gain for society due to these political activities. The approach is theoretical using Arrowian economic setting...
We justify why a single seat from European members in international fora might be preferable than a multitude of seats. Leech and Leech (2005), Eichengreen (2008) proposed this reform at the IMF. Why? Even though nowadays European Union has an aggregate voting power that is higher than its’ respective (expected) share in world output or population weight; If the single seat is obtained, more coordinated expecte...
We show the Portuguese transition to the euro, in the framework of political economics, by constructing a bivariate confidence index, based upon Rocha de Sousa (1998, 1999a,b, 2001). Besides we try to understand if the euro functioned as an instrument of politico-economic integration. The article has the following structure: section 1 shows the process of monetary European construction, section two illustrates ...
We define in section 1 our notion of land reform, on section 2, the most important social and political movements of land reform in Latin America are presented. On section 3 we use a theoretical model in the context of economic growth with human capital learning-by-doing to evaluate land reforms. Section 4, discusses the results. Section 5 presents some economic efficiency estimates for the “Cédula” project of ...
A expressão grega oikos nomos que deu origem à palavra economia significa a ordem, a regra da casa. Ora a ideia de casa, mesmo na sua interpretação mais restritiva, pressupõe sempre algo mais do que uma simples soma de indivíduos que partilham um mesmo tecto, significa também, e sobretudo, uma partilha de valores. Uma economia ocupada apenas com o destino mais eficaz a dar aos meios de que dispõe não parece, co...
In section 1 we refer to a historical synopsis, section 2 classifies the different land reforms using KAWAGOE (1999) typology. Afterwards we link the concepts of human capital and land reform within the theory of economic growth. In section 3 a simplified formal dynamic model of land reform based on the neoclassical theory of economic growth is introduced, following SOLOW-SWAN models. In section 4 an endogenous...
It is widely recognized the important role played by human capital, knowledge and innovation for the establishment of the basic conditions for permanent economic growth. On particular aspect of this general issue interests us in particular; the level of economic literacy among young students who arrive at the university to get a degree not only in economic sciences (Economics, Management, etc) but also in other...
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