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...

This paper presents growth models based on Kaldor´s inaugural lectures, as well as their most recent extensions. Beyond the display of the evolution of such models, the paper intends to demonstrate that the original kaldorian models have served as a solid foundation over which new formulations...

The aim of this paper is to present some preliminary considerations of the relationship between exchange rates, external constraints and economic growth from a formal model that considers two regions, one developed and other developing countries, which interact via international trade. It is...

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 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 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...

Tourism has contributed to economic development of territories and regions, understood as a synonymous of economic growth. The potential of tourism to drive economic growth is known, but it is also known that it can encourage inequities. Without detailing what type of development and for whom,...

The paper explores the relationship between the income elasticities of demand for exports and for imports, economic growth, the technological content of local production, and the level of development of the National Innovation System (NIS). According to the literature, differences in long-run...

According to recent studies, shocks on aggregated variables are associated with unequal impacts on the economic system, affecting more some agents and sectors than others according, depending on their characteristics. Theoretically, the mechanisms that differentiate shocks’ effects on economic...

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...