This paper evaluates the strategy of growth cum foreign savings adopted by many emerging countries, and its consequences. Bresser-Pereira and Nakano (2003) points out that there is in emerging countries a high rate of substitution of foreign and domestic savings during the process of influx of...

This paper aims at assessing the effects of real exchange rate overvaluation over the export composition for developing countries in a time span of 1970-2004. For this intent, it is estimated an exchange rate overvaluation index by using panel cointegration techniques (Dynamic Ordinary Least...

This work aims to analyze if the trajectory and composition of net and gross, public debt and external liabilities can hinder the growth of Brazilian GDP. The work concludes that fiscal indicators are more comfortable that external indicators. The net public debt is falling and less linked to...