The objective of this paper is to learn about the effects of the adjustment costs, economic growth, imports and exports on human capital labor demand. The dynamic model proposed by Sargent (1978) was adjusted to consider three types of human capital: (a) one with fundamental education (1–8...

In heterodox literature, the industrial sector is considered strategic for economic development. Consequently, reducing the contribution of this sector in the production of the country before it has reached the stage of economic maturity, affects the productive dynamics and slow technical...

Income per worker gap in different regions of Brazil is stunning. To assess the relative importance of factor of production and total factor productivity (TFP) in those income per worker disparities, development accounting exercises were carried out for the 1970, 1980, 1990, 2000 and 2010 years....

The main objective of this work is to investigate the theoretical interrelationships between economic growth, the National Innovation System (NIS) and the real exchange rate (RER) in an export-led growth model. Formally, this work presents new changes in the Kaldor–Dixon–Thirlwalĺs model by...

Remittances in the world represent one of major international financial resources, which sometimes they exceed the flows of foreign direct investment (FDI). For centuries, there have been heated debates on the sources of economic growth in developing economies and also why some countries reflect...

The objective of this study was to analyze empirically the effects of exports segmented into technological levels on the economic growth of Brazilian microregions during the period 2000–2010 in light of the Crespo-Cuaresma and Wörz’s (2005) model. The hypothesis is that exports increase...

This paper investigated the linkages between banking sector depth, trade openness, and economic growth using a panel data set covering the ASEAN regional forum countries for the period 1961–2012. Using our multivariate framework, we first found that all the variables were integrated of order...

This paper attempts to analyze the long run association between savings and growth; and investigates the causality issue in Indian context for the period 1950–51 to 2011–12. Firstly, the study identifies the structural break in the year 1980 by employing Bi-Perron test with unknown time....

In this paper we analyze the impact of hosting the FIFA Soccer World Cup on GDP per capita in a worldwide sample of countries using a transparent statistical methodology for data-driven case studies - the synthetic control method. Using country level annual-data covering all events occurring in...

This paper examines the two-way relationship between economic growth and financial development for Latin America and the Caribbean (LAC). The sample consists of 32 emerging and developing countries from LAC spanning the period 1970-2014. Controlling for country and time fixed effects, the first...