This paper theoretically and empirically investigates deindustrialization in a group of selected countries, from 1970 to 2017, viewing it as a process of varied and complex causes, sensitive to the degree of economic development. Supported by the theoretical framework on the centrality of the...

The global financial crisis led to a crisis in mainstream macroeconomic theory and to questioning the economic policies implemented before and after the crisis. One of the most relevant controversy concerns the role of fiscal policy. In order to present a different theoretical approach and...

The shift of labour out of the agricultural sector and into the manufacturing and services sectors seems to be an important factor in explaining why some countries are so much richer than others. Therefore, understanding not only the driving mechanisms and forces behind the process of structural...

Economic performance increasingly relies on global economic environment due to the growing importance of trade and financial links among countries. This work aims to analyze the possible effects of a potential economic growth downturn or one large negative shock in China, Germany and United...

This paper examines Nigeria's long run growth path using the externally and internally constrained version of Thirlwall's growth model from 1982 to 2015. The present study modifies the SCA-BOPCG to take into account the effects the foreign contents in exports growth and the domestic investment....

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...

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...

The paper provides historical perspectives on spatial economic inequalities in Brazil making use of a database on Brazilian municipalities from 1872 to 2000. A suit of maps and graphs describe the geographic factors shaping the historical development of the Brazilian economy highlighting the...

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 years...

Brazilian homicide rates are among the highest in the world, inclusive of actual war zones. However, the character of Brazil's violence is changing. Recent analyses highlight a trend of dispersion of violence such that homicide rates in urban areas, traditionally the most violent places, have...