Pub Date : 2021-02-04DOI: 10.15446/CUADECON.V40N82.80197
C. Rodríguez
This paper examines the relationship between the fiscal policy and the public debt in Colombia within the framework of the financialization of the economy. It includes a theoretical-analytical study that is complemented with an econometric regression. The importance of this analysis is that public debt represents a problem for the development of peripheral countries and the proposed solutions fail to transform this reality. It is concluded that, for the Colombian case, the fiscal policy is pro-cyclical and the economic policy is subject to the operation of the financial capital so the fiscal policy does not achieve the country's economic problems.
{"title":"Financiarización de la política fiscal y su impacto sobre la deuda pública de Colombia entre 1996-2015","authors":"C. Rodríguez","doi":"10.15446/CUADECON.V40N82.80197","DOIUrl":"https://doi.org/10.15446/CUADECON.V40N82.80197","url":null,"abstract":"This paper examines the relationship between the fiscal policy and the public debt in Colombia within the framework of the financialization of the economy. It includes a theoretical-analytical study that is complemented with an econometric regression. The importance of this analysis is that public debt represents a problem for the development of peripheral countries and the proposed solutions fail to transform this reality. It is concluded that, for the Colombian case, the fiscal policy is pro-cyclical and the economic policy is subject to the operation of the financial capital so the fiscal policy does not achieve the country's economic problems.","PeriodicalId":42391,"journal":{"name":"Cuadernos de Economia-Spain","volume":"40 1","pages":"253-282"},"PeriodicalIF":0.0,"publicationDate":"2021-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44973655","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-02-04DOI: 10.15446/CUADECON.V40N82.82087
Herton Castiglioni Lopes, O. A. C. Conceição
The proposal of this text consists in resuming the discussion regarding the organicist methodology in Keynes and in post-Keynesian authors, proposing a theoretical link with the relation between institutions and individuals in the institutionalism derived from Veblen. Assuming the possibility of convergence, the text demonstrates the contribution of approaches to understanding human decisions, particularly associated with productive investment. From the proposal of interpreting human actions based on an organicist methodology and recognizing its institutional dependence, it is evident that the research agenda allows for the best understanding of the economic behaviour of individuals and firms.
{"title":"Organicismo e institucionalismo: as decisões humanas a partir de uma proposta de conexão entre as teorias de Keynes e Veblen.","authors":"Herton Castiglioni Lopes, O. A. C. Conceição","doi":"10.15446/CUADECON.V40N82.82087","DOIUrl":"https://doi.org/10.15446/CUADECON.V40N82.82087","url":null,"abstract":"The proposal of this text consists in resuming the discussion regarding the organicist methodology in Keynes and in post-Keynesian authors, proposing a theoretical link with the relation between institutions and individuals in the institutionalism derived from Veblen. Assuming the possibility of convergence, the text demonstrates the contribution of approaches to understanding human decisions, particularly associated with productive investment. From the proposal of interpreting human actions based on an organicist methodology and recognizing its institutional dependence, it is evident that the research agenda allows for the best understanding of the economic behaviour of individuals and firms.","PeriodicalId":42391,"journal":{"name":"Cuadernos de Economia-Spain","volume":"40 1","pages":"339-360"},"PeriodicalIF":0.0,"publicationDate":"2021-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45674483","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-02-04DOI: 10.15446/cuadecon.v40n82.80231
Gregory Alejandro Quiroga Herrera
En este artículo se presenta una propuesta de modelo de crecimiento económico que permite analizar economías con condiciones de competencia imperfecta en los mercados de factores productivos. Con la propuesta, se revisa la economía colombiana, para concluir que los cambios salariales generan efectos negativos sobre el crecimiento económico. Se concluye también que, para que los efectos sean positivos, se requieren tasas de crecimiento del capital cercanas al 100 % e incrementos anuales en inversión, gasto público y exportaciones que representen cerca del 40 % del PIB.
{"title":"Una propuesta de modelo de crecimiento económico. Aplicación al caso colombiano, 1980-2014","authors":"Gregory Alejandro Quiroga Herrera","doi":"10.15446/cuadecon.v40n82.80231","DOIUrl":"https://doi.org/10.15446/cuadecon.v40n82.80231","url":null,"abstract":"En este artículo se presenta una propuesta de modelo de crecimiento económico que permite analizar economías con condiciones de competencia imperfecta en los mercados de factores productivos. Con la propuesta, se revisa la economía colombiana, para concluir que los cambios salariales generan efectos negativos sobre el crecimiento económico. Se concluye también que, para que los efectos sean positivos, se requieren tasas de crecimiento del capital cercanas al 100 % e incrementos anuales en inversión, gasto público y exportaciones que representen cerca del 40 % del PIB.","PeriodicalId":42391,"journal":{"name":"Cuadernos de Economia-Spain","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49357051","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-02-04DOI: 10.15446/CUADECON.V40N82.81058
A. U. Urdaneta Montiel, Emmanuel Borgucci García
Este artículo analiza el valor agregado bruto cantonal de Ecuador desde el enfoque de la economía de aglomeración, sustentado en las teorías de Krugman (1998), Frost (2017) y Boussauw et al. (2018). La investigación, de carácter descriptivo y analítico, limita a cuatro clústeres sus unidades de análisis. Los resultados constatan la presencia de economías de aglomeración en los cantones de Quito y Guayaquil, lo cual se traduce en desigualdades territoriales y externalidades negativas, que generan deseconomías de escalas. La competencia en los mercados, como expresan Myrdal (1957/1962) y Krugman (1992) a la generación de disparidades interregionales entre estos distritos y sus regiones vecinas.
{"title":"Economías de aglomeración y externalidades negativas en Ecuador, periodo 2007-2017","authors":"A. U. Urdaneta Montiel, Emmanuel Borgucci García","doi":"10.15446/CUADECON.V40N82.81058","DOIUrl":"https://doi.org/10.15446/CUADECON.V40N82.81058","url":null,"abstract":"Este artículo analiza el valor agregado bruto cantonal de Ecuador desde el enfoque de la economía de aglomeración, sustentado en las teorías de Krugman (1998), Frost (2017) y Boussauw et al. (2018). La investigación, de carácter descriptivo y analítico, limita a cuatro clústeres sus unidades de análisis. Los resultados constatan la presencia de economías de aglomeración en los cantones de Quito y Guayaquil, lo cual se traduce en desigualdades territoriales y externalidades negativas, que generan deseconomías de escalas. La competencia en los mercados, como expresan Myrdal (1957/1962) y Krugman (1992) a la generación de disparidades interregionales entre estos distritos y sus regiones vecinas.","PeriodicalId":42391,"journal":{"name":"Cuadernos de Economia-Spain","volume":"40 1","pages":"165-192"},"PeriodicalIF":0.0,"publicationDate":"2021-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45483343","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-02-04DOI: 10.15446/cuadecon.v40n82.78237
Martha Lucia Bernal Suárez
La reforma de 1991 al Banco Central se propuso crear una entidad autónoma e independiente de los intereses particulares y las lógicas políticas. Para ello, conformó una Junta Directiva, compuesta por técnicos, y restringió los préstamos al Gobierno con recursos de emisión. Aquí problematizamos el concepto de neutralidad, atribuido a aquella reforma, a fin de mostrar que la restricción de la emisión obligó a todos los agentes a buscar fuentes de financiamiento en el sistema financiero privado y, en consecuencia, provocó que estos quedaran sujetos a la lógica y los intereses del acreedor. Con esto, en últimas, queda en cuestión la supuesta neutralidad de la reforma.
{"title":"¿Es neutral el Banco de la República? Un análisis crítico de la reforma de 1991","authors":"Martha Lucia Bernal Suárez","doi":"10.15446/cuadecon.v40n82.78237","DOIUrl":"https://doi.org/10.15446/cuadecon.v40n82.78237","url":null,"abstract":"La reforma de 1991 al Banco Central se propuso crear una entidad autónoma e independiente de los intereses particulares y las lógicas políticas. Para ello, conformó una Junta Directiva, compuesta por técnicos, y restringió los préstamos al Gobierno con recursos de emisión. Aquí problematizamos el concepto de neutralidad, atribuido a aquella reforma, a fin de mostrar que la restricción de la emisión obligó a todos los agentes a buscar fuentes de financiamiento en el sistema financiero privado y, en consecuencia, provocó que estos quedaran sujetos a la lógica y los intereses del acreedor. Con esto, en últimas, queda en cuestión la supuesta neutralidad de la reforma.","PeriodicalId":42391,"journal":{"name":"Cuadernos de Economia-Spain","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47761409","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-02-04DOI: 10.15446/CUAD.ECON.V40N82.79547
Emiliano Libman, Santiago Taboada
We describe the experience of some economies that struggle to consolidate Inflation Targeting. We document the resilience of inflationary expectations during the first years after adoption by Israel, Brazil, Guatemala, Mexico, South Africa, and Turkey. The benchmark case of New Zealand is also described, and the experience of Argentina is presented as one of the few examples where Inflation Targeting failed and was eventually abandoned.
{"title":"Sticky inflationary expectations and inflation targeting in (some) emerging and less developed economies","authors":"Emiliano Libman, Santiago Taboada","doi":"10.15446/CUAD.ECON.V40N82.79547","DOIUrl":"https://doi.org/10.15446/CUAD.ECON.V40N82.79547","url":null,"abstract":"We describe the experience of some economies that struggle to consolidate Inflation Targeting. We document the resilience of inflationary expectations during the first years after adoption by Israel, Brazil, Guatemala, Mexico, South Africa, and Turkey. The benchmark case of New Zealand is also described, and the experience of Argentina is presented as one of the few examples where Inflation Targeting failed and was eventually abandoned.","PeriodicalId":42391,"journal":{"name":"Cuadernos de Economia-Spain","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49002660","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-02-04DOI: 10.15446/CUADECON.V40N82.81270
Wilson Fernando Rodríguez Gómez
Before a unipolar world order, China seeks to reconfigure this order towards a multipolar one. Once important results have been achieved in the economic field, it seems that its next objective is the positioning of the Renminbi. The first achievement was achieved when the IMF authorized the entry of the RMB into a select basket of currencies, which makes it an international reserve currency. However, the RMB is far from being as relevant as the dollar. This article aims to assess the degree of the positioning of the RMB in the international order; what are its causes and what are its consequences.
{"title":"El renminbi (RMB) y su papel frente a la búsqueda de hegemonía económica de China","authors":"Wilson Fernando Rodríguez Gómez","doi":"10.15446/CUADECON.V40N82.81270","DOIUrl":"https://doi.org/10.15446/CUADECON.V40N82.81270","url":null,"abstract":"Before a unipolar world order, China seeks to reconfigure this order towards a multipolar one. Once important results have been achieved in the economic field, it seems that its next objective is the positioning of the Renminbi. The first achievement was achieved when the IMF authorized the entry of the RMB into a select basket of currencies, which makes it an international reserve currency. However, the RMB is far from being as relevant as the dollar. This article aims to assess the degree of the positioning of the RMB in the international order; what are its causes and what are its consequences.","PeriodicalId":42391,"journal":{"name":"Cuadernos de Economia-Spain","volume":"40 1","pages":"227-252"},"PeriodicalIF":0.0,"publicationDate":"2021-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43824946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-02-04DOI: 10.15446/CUADECON.V40N82.78584
José David Arenas Correa
A través de los conceptos de la escuela Behavioral Law and Economics, este artículo explora, en el derecho colombiano, las razones que explican por qué la necesidad de un trato diferente en la protección del consumidor en el entorno electrónico, tanto desde la perspectiva de disminución de los costos asociados a la desconfianza, como desde la de elevar relativamente los conexos a las reclamaciones del consumidor, para lograr una compensación normativa que induzca conductas eficientes de costo y consumo.
{"title":"Economía conductual de la protección al consumidor en el e-commerce colombiano","authors":"José David Arenas Correa","doi":"10.15446/CUADECON.V40N82.78584","DOIUrl":"https://doi.org/10.15446/CUADECON.V40N82.78584","url":null,"abstract":"A través de los conceptos de la escuela Behavioral Law and Economics, este artículo explora, en el derecho colombiano, las razones que explican por qué la necesidad de un trato diferente en la protección del consumidor en el entorno electrónico, tanto desde la perspectiva de disminución de los costos asociados a la desconfianza, como desde la de elevar relativamente los conexos a las reclamaciones del consumidor, para lograr una compensación normativa que induzca conductas eficientes de costo y consumo.","PeriodicalId":42391,"journal":{"name":"Cuadernos de Economia-Spain","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41667616","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-12-04DOI: 10.32826/cude.v43i123.302
Joan Hortalà i Arau
This paper describes the economic and financial crises, within the framework of the respective cycles, occurred in contemporary capitalism, understood as such the system of economy’s organization as of the Industrial Revolution. Particular emphasis is placed on the Spanish case.
{"title":"Las crisis económico-financieras del capitalismo contemporáneo","authors":"Joan Hortalà i Arau","doi":"10.32826/cude.v43i123.302","DOIUrl":"https://doi.org/10.32826/cude.v43i123.302","url":null,"abstract":"This paper describes the economic and financial crises, within the framework of the respective cycles, occurred in contemporary capitalism, understood as such the system of economy’s organization as of the Industrial Revolution. Particular emphasis is placed on the Spanish case.","PeriodicalId":42391,"journal":{"name":"Cuadernos de Economia-Spain","volume":"43 1","pages":"359-381"},"PeriodicalIF":0.0,"publicationDate":"2020-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47395617","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-07-01DOI: 10.15446/cuad.econ.v39n81.76817
Eguzki Urteaga
{"title":"Reseña del libro LAURENT, E. (2018): L’impasse collaborative. Pour une véritable économie de la coopération. París: Les Liens qui Libèrent.","authors":"Eguzki Urteaga","doi":"10.15446/cuad.econ.v39n81.76817","DOIUrl":"https://doi.org/10.15446/cuad.econ.v39n81.76817","url":null,"abstract":"","PeriodicalId":42391,"journal":{"name":"Cuadernos de Economia-Spain","volume":"39 1","pages":"1035-1047"},"PeriodicalIF":0.0,"publicationDate":"2020-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45935946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}