Despite the lack of consensus on the appropriate concept of ‘social capital’, research in the area has continued even in the most criticized macroeconomic area. The investigation about the importance of social capital to generate differences in regional per capita income (per capita income...

The article covers the general situation of construction works carried out in the traditional roadway infrastructure by the Provincial Government of Minas Gerais, between 1840 and 1889. The principal sources are Highway and Bridge Construction Processes, generated within the scope of the Public...

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...

We estimate the components of income per worker of the states of Brazil through level decompositions, in 1970, 1980, 1990 and 2000. Relative differences, with respect to São Paulo, in the productivity of labor were due to relative differences in capital and in total factor productivity. In...

This paper investigates the impact of government spending on output and the size of the spending multiplier during periods of output contraction vs. expansion. It also investigates the impact of spending when the economy hits the nominal zero lower bound. It uses a panel of 21 advanced countries...