Pedro Herrera-Catalán

Pontifical Catholic University of Peru | PUCP · Department of Economics

En este documento se formularon 12 lineamientos de política para la promoción del crecimiento económico de las regiones peruanas. En una primera parte se establecieron los principios teóricos de la localización espacial de las actividades económicas y del comercio interregional, a partir de marco establecido por la New Economic Geography (NEG) o ec...

This study estimates the economic costs of mining pollution on water resources in Peru for the years 2008 and 2009 based on the conceptual framework of Environmental Efficiency. This framework identifies such costs as the mining companies’ trade-off between increasing production that is saleable at market prices (desirable output) and reducing the...

In this study we analyzed the efficiency of the spending of 1686 Peruvian municipalities for the year 2003 through the evaluation to the municipal public activities as a process of production which transforms inputs in outputs (Bradford et al. 1969 and Fisher 1996). In doing so, we established several ?best-practice? production frontiers in order t...

In this study the Peruvian intergovernmental transfer system was re-designed taking into consideration both horizontal equity and transverse compensation in the distribution of resources. In doing so, the Ahmad, Singh and Fortuna (2004)’s methodology was used, the same which proposes a formula to equalize intergovernmental transfers by calculatin...

Revisa el estado actual de la teoría macroeconómica: el desarrollo de la macroeconomía dedicada al estudio de las economías cerradas y a la macroeconomía de las economías abiertas.

El papel de los costes de transporte de bienes agrícolas en los modelos centro-periferia ha sido normalmente ignorado en la literatura de la Nueva Geografía Económica (NGE). Esto se debe a la convención de tratar el bien agrícola como una constante, asumiendo un valor nulo de los costes de transporte agrícola en estos modelos. El objetivo de este c...

The role of agricultural transport costs in core-periphery structures has habitually been ignored in New Economic Geography (NEG) models. This is due to the convention of treating the agricultural good as the numéraire, thus implying that agricultural transportation costs are assumed to be zero in these models. For more than three decades, this has...

The role of agricultural transport costs in core-periphery structures has habitually been ignored in New Economic Geography (NEG) models. This is due to the convention of treating the agricultural good as the numéraire, thus implying that agricultural transportation costs are assumed to be zero in these models. For more than three decades, this has...

The role of agricultural transport costs in core-periphery models has habitually been ignored in New Economic Geography (NEG) models. This is due to the convention of treating the agricultural good as the numéraire, thus implying that agricultural transportation costs are assumed to be zero in these models. This conceptual drawback is however essen...

En este estudio se aproximan los costos económicos de la contaminación ambiental minera sobre los recursos hídricos para 2008 y 2009 en el marco conceptual de la Eficiencia Medioambiental, que interpreta dichos costos como el trade-off de los empresarios mineros entre incrementar su producción que es vendible a precios de mercado (output deseable)...

This study analyses the more appropriate environment for the business location at the Peruvian municipal level. The first part of this study analyses the conditions to determine the good locations for investing in business, within the framework of the Economic Geography (Venables, 2003; and Burgess and Venables, 2004). The Municipal National Regist...

In this study the Peruvian intergovernmental transfer system was redesigned taking into consideration both horizontal equity and transverse compensation in the distribution of resources. In doing so, the Admad, Singh and Fortuna (2004)’s methodology was used, the same which proposes a formula to equalize intergovernmental transfers by calculating...

In this study we analyzed the efficiency of the spending of 1686 Peruvian municipalities for the year 2003 through the evaluation to the municipal public activities as a process of production which transforms inputs in outputs (Bradford et. al., 1969 y Fisher, 1996). In doing so, we established several "best-practice" production frontiers in order...

The private commercial banking and a widespread foreign currency market are the central institutions that characterize the financial system of many Latin American countries. In these economies, the stock markets still don't have a great macroeconomic importance and the markets for government issued bonds are is in the middle of their development. I...

In this paper we present the combined analysis of the offer and the demand added under a regime of flexible exchange rate, for the short, the medium and the long term, in a context of perfect mobility of capitals. This model of supply and demand aggregate, determined the level of prices and the production, given a set of exogenous variables. In the...

The sustainability of the public finances is indispensable to get the macroeconomic stability. The fiscal sustainability is reached when the public debt as percentage of the PBI stays constant in a level considered appropriate, or it decreases gradually of a level considered inadequate. In this paper establish a theoretical model about on the susta...

In this paper we present the Mundell - Fleming model for a regime of fixed and flexible exchange rate, in a context of perfect capital mobility. In the first part we present the model for the case of a fixed exchange - regime, in which the basic equations will be introduced describing the market for goods, the monetary market, the domestic market o...

In this paper we present the combined analysis of the supply and the aggregate demand under a régime of fixed exchange rate, for the short, medium and long term, in a context of perfect capital mobility. The model determines the prices level and the production, given a group of exogenous variables. In the short term, the aggregate supply is perfect...

In this paper the Mundell - Fleming model is used to derive the curve of the aggregate demand for regimens of fixed and flexible exchange rates, in a context of perfect capital mobility. A curve of perfectly elastic aggregate supply will be supposed. Though, all increment of the aggregate demand will be translated in a variation of the production o...

In this paper we study the operation of the labor market, and a curve of aggregate supply is derived, for the cases of closed and open economy, in the short, medium and long term. In an open economy, an important part of the production costs is derived of the use of imported inputs in the fabrication of the products. Therefore, the domestic price l...

In this paper we present a model similar to that of Aggregate Supply and Demand, for the study of the fluctuations of the two most important macroeconomic variables: inflation and the level of activity. In the first part we present the case of a closed economy, in which the basic equations will be introduced describing the market of goods, the mone...