This paper discusses how Prebisch and Fajnzylber, two authors representative of the thought of the Economic Commission for Latin America (ECLA), interpreted the industrialization crisis experienced by many Latin American countries beginning in the mid-seventies. The focus of the paper is on the...

The paper discusses the concept of polarization of an income distribution and examines the earnings distribution of employees in Brazilian agriculture in the period 1992-2007. Considering the period 1995-2007, after the monetary stabilization, it is shown that the inequality of that distribution...

The paper analyses poverty in Brazil from 1992 to 2004, combining the usual measure based on income with other indicators of well-being and social development, thus better capturing different poverty situations. Using data from an annual household survey (PNAD), the poor are classified in three...

One of the main socioeconomic problems observed in most countries – particularly in less developed countries – is the presence of high income inequality and poverty level. Several empirical works have attempted to analyze their major determinants as well as their effect on some indicators...

It is developed a macrodynamic model in the post-keynesian tradition of political economy of the productive capital accumulation and income distribution to analyze some of the impacts of the (flow of) foreign direct investment and the (stock of) foreign productive capital on capital...

This paper analyzes the under-investigated relationship uniting financial development and income distribution. We use a novel approach taking into account for the first time the specific channels linking banks, capital markets and income inequality, the time-varying nature of the relationship,...

By exploring the implications of a Multi-Sector Thirlwall’s Law, this paper reports empirical exercises that contribute to an understanding of the relationship between structural change, external constraint and growth in Brazil in the 1962-2006 period. Given the sectoral nature of these...

Using Thirwall´s model, we can conclude that the restriction of the balance of payments was crucial in the determination of the Brazilian economic growth in the period 1947-2000. The estimated income elasticity of the demand for imported products, based on the extended Thirwall´s model, was...