A consensus has not yet emerged about the relationship between budget deficit, external deficit and national saving. In general, the mechanisms through which budget deficits could cause current account deficits are not highlighted in the works about this theme. Basing on the Post Keynesian...

The aim of this paper is to carry out an empirical analysis about the relation between Liberalization of Capital Account and Economic Growth having as study object the experience of 16 countries of Latin America with annual data for the period 1986-2000. As econometrical methodology, a dynamic...

This paper evaluates the main determinants of the American Foreign Direct Investment (IDE) flows throughout the recent period. We estimate a gravity model for testing the hypothesis that transnational corporations' decisions concerning IDE are influenced by the sector of activity to which they...

This article aims to test whether or not there is a stable relation between trade balance and real exchange rate. The period covered by the sample goes from 1980 to 2004. The frequency of the data is quarterly. It was used the cointegration techniques developed by Johansen as econometric...

This paper addresses the increasing current account imbalances of the Brazilian economy in the second half of the nineties based on two approaches. According to the intertemporal approach, the current account imbalance expresses the decisions of consumption-smoothing. So, a current account...

We use Propensity Score Matching in an novel way to classify Brazilian industrial firms according to their potential to export. Our four-level classification specifically identifies non-exporting firms which have a degree of international competitiveness similar to firms which export. This...