This paper shows an alternative specification of the demand functions of both total imports and the imports of capital goods for Brazil. The set up is based on the conjecture that a variable expressing the availability of foreign exchange should be included in these import functions. Our...

Setting off from an Evolutionary perspective, this paper debates key aspects of the process of financing innovation based on Keynes's asset choice model within the context of Minsky's cycle and the Institutionalist approach of Veblen. Innovative activity is surrounded by great uncertainty...