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Do Market Prices Reflect Real Scarcity? Theories and Facts
(Pontificia Universidad Católica del Perú. Fondo Editorial, 2019-09-16)
Do market relative prices reflect real scarcity of resources? If this were so, market prices would provide society with the correct signals about real scarcities. Economics—the science of scarcity— has different answers ...
Productivity Growth: Patterns and Determinants across the World
(Pontificia Universidad Católica del Perú. Fondo Editorial, 2019-10-29)
This is the background paper for the productivity extension of the World Bank’s Long-Term Growth Model (LTGM). Based on an extensive literature review, the paper identifies the main determinants of economic ...