It is developed a macrodynamic model of distribution, capital accumulation and growth in which investment is non-linear in distribution: at low (high) levels of wage share, the impact of a higher profit share on investment is negative (positive). This specification conforms with some of the...

In the aftermath of 1997-98 financial crises the asian countries initiated a more ambitious process of economic and institutional coordination. In a long term scenario that movement opens a new perspective: the emulation of European integration process, culminating with the creation of a common...

In this paper we look for the historical genesis of Argentina's crisis. We argue that the economic liberalization model, implicit of the Convertibility Plan, has its roots in establishment of the agro-exporting economy on which, between the end of the 19th century and the first decades of the...

There is considerable evidence to demonstrate that the regional development in developing countries shows high level of spatial concentration. The aim of this paper is to analyze the Brazilian case to identify if the Brazilian constitutional funds (FNO and FCO) have a positive impact on the...

This paper is intended to underline the proximity between Keynes´s approach and the so-called complexity approach, which has been recently incorporated into economics. One of the central ideas of the complexity approach is that individual actions have unintended overall consequences as a result...

The aim of this paper is to identify the Brazilian industrial cores and peripheries. The study is based on two sets of data: the first describes 35600 industrial firms, and the second has information on the economic, social and urban structure of 5507 cities (2000). The conclusions are: (1) 84%...

This study contributes to the understanding of the causality between different credit measures and indicators of economic activity in the State of São Paulo. Questions have been raised as to the prevailing Granger-causality for national economies, and a regional approach that has not yet been...

This paper draws upon original works by A. Thirlwall and some recent developments of them, particularly those made by J. C. Moreno-Brid, on the balance-of- payments constraints to growth in several countries. It is intended, by means of new empirical tests, to evaluate the specification of such...