The paper reviews some relations between economic growth and the level of education attained by the individuals. It is shown that, whenever the consumptiondecisions are affected by a preference for education, a concept described by introducing knowledge in the utility function, the decisions of...

The purpose of this paper is to determine which components of public spending have influence on economic growth. The sample is composed by the Brazilian states over the period 1986-2002. Initially the spending is classified according its economic characteristics: current or capital. Later it is...

The objective of this article is to present the structure and the first computational simulations of a one-sector macrodynamic model that imbed some elements of the post- keynesian theoretical framework. The theoretical elements embed in the model are: i) determination of the level of output by...

The objective of this study is to evaluate the different channels in which human capital affects income level and growth and to use a proxy of human capital variable that incorporates quantitative and qualitative aspects of this factor. The human capital proxy that will be used is years of...

The aim of this paper is to empirically investigate the impact of human capital on economic growth according to Nelson-Phelps (1966), Lucas (1988) and Romer (1986;1990) approachs. The Lucas approach and shared by neo-classical growth theory, assumes that growth is driven by the accumulation of human...

This study explores the productivity performance of the Brazilian economy between 1970 and 1998. We assess how much of the TFP downfall can be explained by some departures from the standard procedure. We incorporate to the standard measure utilization of capacity, changes in the workweek of...