In this paper, we examine the progressivity of social sector expenditures in eight sub-Saharan African countries. We employ dominance tests, complemented by extended Gini/concentration coefficients, to determine whether health and education expenditures redistribute resources to the poor. We find that social services are poorly targeted. Among the services examined, primary education tends to b...

The joint determination of aggregate economic growth and distributional change has been studied empirically from at least three different perspectives. A macroeconomic approach that relies on cross-country data on poverty, inequality, and growth rates has generated some interesting stylized facts about the correlations between these variables, but has not shed much light on the underlying deter...

Against the threat of online banking theft, governments are imposing two different types of legal schemes: strict liability and negligence. Countries like the U.S. are imposing strict liability on online banking transactions to ensure that service providers like banks take more care. However, under strict liability banks does not provide adequate client security measures. Countries like Korea a...

This paper aims to explain the macroeconomic volatility due to microeconomic shocks to one or several sectors, recognizing the non-symmetrical relation in the interaction among the Ecuadorian economic sectors. To grasp the economic structure of this emerging economy, a statistical analysis of network data is applied to the respective input-output matrix of Ecuador from 1975 until 2012. We find ...

EOS (Economics via Object-oriented Simulation) is a computational framework for agent-based simulation, which was developed to simplify the process of constructing and running economic agent-based simulations. In this paper, we begin with an analysis of the previous versions of EOS, considering both their stability and microeconomic correctness. Having discovered problems with the stability and...

We describe a scheduler based on the microeconomic paradigm for scheduling on line a set of parallel jobs in a multiprocessor system In addition to increasing the system throughput and reducing the re sponse time we consider fairness in allocating system resources among the users and provide the user with control over the relative perfor mances of his jobs Every user has a savings account in wh...