Visualitza Departament d'Economia i Empresa per autoria "Servén, Luis"

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Country portfolios

Kraay, Aart; Loayza, Norman; Servén, Luis; Ventura, Jaume (2000-10-01)

Capital flows to developing countries are small and are mostly take the form of loans rather than direct foreign investment. We build a simple model of North-South capital flows that highlights the interplay between ...
Productivity and the welfare of nations

Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; Servén, Luis (2012-03-01)

We show that the welfare of a representative consumer can be related to observable aggregate data. To a first order, the change in welfare is summarized by (the present value of) the Solow productivity residual and by ...