The objective of this study is to evaluate the different channels in which human capital affects income level and growth and to use a proxy of human capital variable that incorporates quantitative and qualitative aspects of this factor. The human capital proxy that will be used is years of...

Human capital, productivity and physical capital are considered the main factors in the economies’ GDP per capita determination. According to the neoclassical approach, human capital accumulation explains about a third of the variation in per capita income across countries. However, there is...

In this article, we investigated which of the convergence hypotheses - absolute, conditional or club - best describes the movement of the income per worker for the countries of Latin America and East Asia between 1960 and 2000 using the methodology proposed by Johnson and Takeyama (2003). The...

Neste artigo, introduz-se ao modelo de crescimento neoclássico a defasagem necessária para que o investimento público se consolide em capital público (processo time-to-build), assim como alíquotas tributárias distorcivas que se ajustam de acordo com a dívida acumulada pelo setor público....

The objective of this paper is to develop a theoretical model that take into account the role of institutions in the Brazilian States and their impact on the education of the youth and on illiterate people. Here, the institutions mean educational policies, government efficiency, level of...

Taking as a point of departure the classical model of Schumpeterian competition proposed by Nelson and Winter, this work expands it by including two sectors and a North-South dynamics, with a view to analyzing how institutions and technological regimes affect the processes of convergence and...

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...

O estudo das interações entre as mudanças tecnológicas, a competitividade industrial e o crescimento econômico é tema recorrente na literatura econômica. Neste artigo é apresentado um modelo de simulação que sintetiza as abordagens kaldorianas e evolucionárias. O crescimento da...

The aim of this paper is to show theoretically and empirically that undervalued real exchange rate has positive effects over economic growth on developing countries. We analyze the relationship between growth, exchange rate and productive heterogeneity by means of a Keynesian-Structuralist...