Land Ownership, Working Capital, and the Agricultural Output: Egypt, 1913-1958.

A simple model is constructed in which short-term credit is needed to finance the purchase of inputs, in which there is bankruptcy risk, and in which we argue were important characteristics of Egyptian agriculture during the first half of this century, result in aggregate agricultural output being dependant on the distribution of land ownership. The main theorical insight is that aggregate agricultural output will be increased by a decrease in the inequality of the distribution of land ownership when returns to scale are decreasing. Testable short- and long-run empirical propositions are formulated and carefully tested on Egyptian data for the 1913-1958 period. We find that, controlling for factor inputs, there is no tradeoff between equity and efficiency for Egyptian agriculture - they go hand in hand in the short run.

Bayesian Analysis for a Theory of Random Consumer Demand: The Case of Indivisible Goods

McCausland (2004a) describes a new theory of random consumer demand. Theoretically consistent random demand can be represented by a \"regular\" \"L-utility\" function on the consumption set X. The present paper is about Bayesian inference for regular L-utility functions. We express prior and posterior uncertainty in terms of distributions over the indefinite-dimensional parameter set of a flexible functional form. We propose a class of proper priors on the parameter set. The priors are flexible, in the sense that they put positive probability in the neighborhood of any L-utility function that is regular on a large subset bar(X) of X; and regular, in the sense that they assign zero probability to the set of L-utility functions that are irregular on bar(X). We propose methods of Bayesian inference for an environment with indivisible goods, leaving the more difficult case of indefinitely divisible goods for another paper. We analyse individual choice data from a consumer experiment described in Harbaugh et al. (2001).

Amparo promovido por los señores Larrache y Compañía Sucesores contra la sentencia de graduación pronunciada por el juez segundo de lo civil de esta capital el 21 de julio de 1878 en el concurso hipotecario á bienes de Don Blas Pereda

UANL

The Transmission of Monetary Policy in a Multi-Sector Economy

This paper constructs and estimates a sticky-price, Dynamic Stochastic General Equilibrium model with heterogenous production sectors. Sectors differ in price stickiness, capital-adjustment costs and production technology, and use output from each other as material and investment inputs following an Input-Output Matrix and Capital Flow Table that represent the U.S. economy. By relaxing the standard assumption of symmetry, this model allows different sectoral dynamics in response to monetary policy shocks. The model is estimated by Simulated Method of Moments using sectoral and aggregate U.S. time series. Results indicate 1) substantial heterogeneity in price stickiness across sectors, with quantitatively larger differences between services and goods than previously found in micro studies that focus on final goods alone, 2) a strong sensitivity to monetary policy shocks on the part of construction and durable manufacturing, and 3) similar quantitative predictions at the aggregate level by the multi-sector model and a standard model that assumes symmetry across sectors.

Noticias históricas de la instrucción por el clero en León, desde el año de 1576 en que se fundó la ciudad hasta el de 1862 en que fué ergida capital del obispado

UANL

Manifestación que hace el Dr. D. José María Díez de Sollano como rector de escuelas de esta capital, de la conducta que ha guardado al estinguirse la Nacional y Pontificia Universidad por decreto de 14 de septiembre de 1857

UANL

Novisimo manual de alcaldes o sea : instrucción breve y sumaria para los de la capital de México y para los alcaldes y jueces de paz de los estados

UANL

Distribución de premios, que hizo el sr. gobernador del estado entre los alumnos del Colegio Civil de esta capital, en el Teatro de Progreso la noche del 30 de agosto de 1862

UANL

Croissance économique, capital physique, et capital humain : théories et application dans les pays en développement.

Rapport de recherche

Quantifying historical, capital mobility in Canada : an error correction approach.

Rapport de recherche

Impact of Openness to Trade on Capital Formation in Developed and Emerging Markets: a Comparative Study.

Rapport de recherche

Capital humain et croissance du revenu - Une étude sur 56 zones métropolitaines aux États-Unis.

Rapport de recherche

Croissance economique de long terme et capital humain.

Rapport de recherche

Capital humain, ouverture et croissance.

Rapport de recherche