In this work we made an empirical application of the model of Romer (1993) for the 32 states of Mexico on period 1990-2000, in order to determine if this country faces a gap of physical goods or a technological gap in the ample sense (that is to say, that inlcluye knowledge and ideas). We found...

The objective of this study is to estimate the Chilean economy’s growth rate in a context of full employment of the productive resources. As reference, some experts estimate at that the long term growth of the activity has fallen from 5 per cent to a rank between 4.5 per cent and 5 per cent in...

This article examines a theoretical framework for an explanation for the processes of growth experienced by the economies of Latin America. The economic literature is devoted primarily to analyze this topic based on the use of the macroeconomic production function as the main analytical concept....

In the present paper the approach of the law of Thirlwall was used to study the relation between the economic growth and the external sector of Argentina in period 1970-2003. Thirlwall maintains that the main restriction that has an opened economy to obtain a rate of growth elevated in the long...