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  • Industrialization ‘without’ tariffs – Friedrich List as a forerunner of modern development economics
    Publication . Pires, Armando J. Garcia; Pontes, José Pedro
    In this paper, we analyse Friedrich List's contribution to the modern theory of economic development. We argue that Friedrich List saw economic development as a combination of a sectorial division of labour (following Adam Smith, 1776) and a geographical division of labour across regions and countries. In this sense, the passage from a traditional economy to an industrial one consists of balanced growth at both the sectorial and geographical level, as we see in modern development economics (see Rosentein-Rodan, 1943; and Murphy et al., 1989). In addition, List highlights the role of transport costs in the industrialization process not only in terms of the costs incurred by firms, but also how industrialization affects these costs, since modern technology produces goods that are “lighter” to transport than goods produced with traditional technology. In this sense, contrary to what is usually attributed to List, tariffs are not the central part of his argument for industrialization. He puts more emphasis on the creation of a larger internal market via for instance a customs union and the complementarities between resources and sectors in a country. We illustrate these arguments with a model.
  • Coaching a regular economics research seminar at a Lisbon University in 2010-2011: a groupanalytic approach
    Publication . Pontes, José Pedro
    This paper describes the implementation of a new protocol for the regular economics seminar run by the Economics Department of ISEG and the research center UECE during academic year 2010-2011. The main innovative features of this protocol were: the introduction of a discussant that explains the paper using a clear, non-technical language, thus giving “holding” to the audience; the requirement that the speaker should be “silent” during the discussion stage, in order to “frustrate” the audience and encourage them to reinterpret the paper presented in a personal way, thus giving “exchange” to the presenter. The new protocol was successful in ensuring a satisficing participation level and had a remarkable effect upon change in learning understandings in the School, namely through the engagement of important professors of ISEG as discussants during the sessions. The main shortcoming was the strength of resistances to change within the seminar team, in particular in what concerns the requirement that the presenter should be “outside” the group during the discussion stage.
  • A tree combinatorial structure on the solution of a delay differential equation: a generating function approach
    Publication . Fabião, Maria de Fátima; Brito, Paulo; St. Aubyn, António
    This paper introduces a new approach for obtaining explicit solutions for a first order linear delay differential equation with constant coefficients. We conjecture that there is a generating function defined over of a specific class of polynomials in the delay that solves the equation, and prove in the main theorem that the conjecture is valid. We also show the advantage of our method as regards the traditional Method of Step Algorithm (MSA).
  • A economia, a política e as finanças da descentralização
    Publication . Pereira, Paulo Trigo
    Este artigo desenvolve uma análise político-económica da descentralização política e da reforma administrativa em Portugal. Mais especificamente equaciona-se a problemática da eventual criação das regiões administrativas em três níveis distintos de análise. Por um lado, existe uma análise estritamente normativa das funções que deveriam ser desempenhadas por cada nível de administração (central, regional e local). Esta análise permite clarificar o que, do ponto de vista ideal, deve ser um sistema de administração (ou de governo) a vários níveis, tendo em conta as funções tradicionalmente atribuídas ao sector público. O facto de se encontrar uma racionalidade normativa para a descentralização não significa, contudo, que se consiga desenhar um sistema de administração que seja eficaz de acordo com a norma desejada
  • Revisiting the informal aspects of the activity of countries, studied through social accounting and socio-demographic matrices, with an application to Mozambique
    Publication . Santos, Susana; Magaua, Mónica
    Approaches based on Social Accounting Matrices (SAMs) and Socio-Demographic Matrices (SDMs) will be presented as a way of capturing relevant networks of linkages and the corresponding multiplier effects, which can subsequently be used for modelling the activity of the countries to be studied. Emphasis will be placed on the activity of household unincorporated enterprises that will be identified with the informal sector. Based on methodological principles derived mainly from the works of Richard Stone, a proposal will be made to study the economic activity of Mozambique in 2016 in a matrix format, with special attention to the informal sector in general and, within this, forestry, and logging. Such a proposal includes, on the one hand, people – represented by a SDM – and, on the other hand, activities, products, factors of production and institutions – represented by a SAM. The exposition will mostly be accompanied by an application to the above-mentioned reality. Scenarios, involving changes in functional and institutional distribution of income, will be presented and the macroeconomic effects of these changes, will be summarised in the form of changes in the macroeconomic aggregates, such as, Gross Domestic Product, Gross National Income and Disposable Income.