The paper tried to contribute to the theory of the location of the bank services. At first, there was strong evidence showing that the bank location not only depended on economical factors. The developed model and the results found in the spatial econometrics analysis demonstrated that there is...

Capital flows are expected to be important in the process of economic growth for several reasons. One of them is their importance in relaxing the balance of payments constraints as envisaged by Thirlwall’s law, which states that when economic growth takes place, the level of imports also...

The aim of this paper is to show theoretically and empirically that undervalued real exchange rate has positive effects over economic growth on developing countries. We analyze the relationship between growth, exchange rate and productive heterogeneity by means of a Keynesian-Structuralist...

The accumulation of human capital plays a crucial role in growth theories and it is incorporated in the growth models in a very simplified way. Therefore it does not take into account the economic development process complexity. They consider that the amount of human capital is an important...

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 role of human capital on the development process has been recognized as a crucial element by many researchers. Nevertheless, many empirical results have showed no correlation between human capital and income per capita level or between human capital and growth rates. It is argued that the...

By using the Minskyan approach of financial instability and the neo-schumpeterian approach to the relationship between the National System of Innovation (NSI) and economic competitiveness, a standard was obtained for growth cycles of economies whose NSI shows deficiencies when compared with the...