Harrod´s model: nature of long term expectations, instability and no linearity The different versions of Harrod´s growth model have always been the subject of controversy and mistaken interpretations: in this paper, we intend to show how Harrod, from 1938 onwards, provides the elements to...

There is a large consensus among international institutions and national governments to favor urban-containment policies - the compact city - as a way to reduce the ecological footprint of cities. This approach overlooks the following basic trade-off: the concentration of activities decreases...

Although the improvement accomplished in the external accounts and the Brazilian economic growth in recent years, it would be incorrect to conclude that the external restriction is not important to determine the economic growth rate in longer periods of time. The maintenance of the Brazilian...

In the economic growth and development literature there are two elements that are usually considered to be essential in shaping countries’ economic performance. The first one is that investments on the real sector are a necessary condition to generate productive capacity on industry and other...

paper develops a post-keynesian dynamic model to analyze the impact of quantitative changes in import tariffs on capacity utilization and growth. It is shown that even in case a tariff reduction leads to a rise in labor produtivity and/or to a fall in markups, it may well have a negative impact...

The accumulation of human capital plays a crucial role in growth theories and it is incorporated in the growth models in a very simplified way. Therefore it does not take into account the economic development process complexity. They consider that the amount of human capital is an important...

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...

Monetary policy, inflation and economic growth: the influence of the monetary authority?s reputation upon the economy The following paper aims to show that, although a monetary policy, which merely seeks to control inflation through an interest rate rule (under inflation targeting), may reach...

This paper aims to analyze the relation among exchange rate, distribution and economic growth from a short-term Keynesian-structuralist perspective. The domestic absorption is the cornerstone of the analysis, inasmuch as an exchange rate devaluation leads to an expansionist result in the...

This article is oriented on the analyses of the development of the mergers and acquisition process. The author shows the main reason and motivations of expansion MA and its influence on the globalization of the world economy. This activity is (in the time and the territory) very different and...