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This paper highlights lacking parts of present social guidelines in Latin the USA that have an effect on the political-economy equilibrium: particularly, the forget of the center classification as legitimate topic of social coverage, the endurance of source of revenue and wealth inequality in a context of average progress and the necessity to positioned extra emphasis on asset accumulation by way of the negative and the center category. The paper presents fiscal and political economic system rationales for devising new regulations which may right this overlook.
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Additional info for Asset Accumulation by the Middle Class and the Poor in Latin America: Political Economy and Governance Dimensions (Macroeconomia Del Desarrollo)
Institute of Economics, Aarhus University, Aarhus Gregory F N (2006) Beyond the learning curve: Factors influencing cost reductions in photovoltaics. Energy Policy 34:3218–3232 Griliches Z (1957) Hybrid corn: An exploration in the economics of technological change. Econometrica 25(4): 501–522 Griliches Z (1979) Issues in assessing the contribution of R&D to productivity growth. Bell Journal of Economics 10:92–116 Holmes T J, Schmitz J A (2001) Competition at work: Railroads vs. S. shipping industry.
High functionality is represented by the speed of the basic function of PCs, namely, MPUs. 35GHz in 1998, which implies that China’s PC makers are making an effort to innovate the functionality of their PCs. 2 International Comparison To verify that China’s PC industry has progressed to the high functionality development phase, the elasticity of PCs to GDP per capita among 15 PC-developing countries from 1981 to 2002 was established using equation (27). Table 5 summarizes the results of the analysis.
7. , 2005). China’s Institutional System and Rapidly Growing PC Sector 51 Since PC technology stock increases over time in developing countries,3 the development stage of PCs—based on the foregoing assumption with regard to the development trajectory of PCs—can be determined by assessing the inflection point –b/a in relation to its time trend dimension t. Hence, since PC development in developing countries had not yet reached the inflection point in 2002, it can be defined as −b/a > 2002. The degree of activation of PC development π in 2002 increased as the distance between the inflection point (t−b/a when t = −b/a) and 2002 decreased.
Asset Accumulation by the Middle Class and the Poor in Latin America: Political Economy and Governance Dimensions (Macroeconomia Del Desarrollo) by United Nations