The aim of this paper is to demonstrate that, especially in developing countries, changes in the real exchange rate affect both the structure of production and the income elasticities of the demand for imports and exports – and, as a result, the balance-of-payments constraint to growth in the...

This paper discusses and assesses the features of the Brazilian Financial System, as well as the impacts of Liquidity Preference on Regional Development in Brazil. In the post-Keynesian literature, money is considered endogenous to the economic system, introduced in the economic activity through...

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...

This paper analyses empirically the relationship between economic growth and the openness of the financial account of the balance of payments. It takes into consideration the balance of payments’ constrained growth, as well as the difficulties in the empirical literature in measuring capital...

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...

A população brasileira tem sofrido profundas transformações nas últimas três décadas, que terão enormes repercussões em termos sociais e econômicos. Há uma certa dificuldade, por parte da sociedade brasileira, até aquela com nível educacional mais elevado, em apreender estas...