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This paper deals with the existence and identification of a common European growth cycle. Univariate Markov switching autoregressions (MS-AR) are used for individual countries in order to detect changes in the mean growth rate of industrial production. A Markov switching vector autoregression...
Persistent link: https://www.econbiz.de/10005063214
The main goal os this paper is to understand on theoretical and empirical grounds the main determinants of China´s long-run economic growth. The historical data analysis suggests a crucial role played by FDI and the exchange rate. The econometric analysis provides empirical support for the...
Persistent link: https://www.econbiz.de/10005032324
This paper argues that the Brazilian economy went recently through a process of accelerated growth driven by exports and fixed capital formation. Although the pace of growth was more robust than in the 1990 decade, we can still see the presence of macroeconomic constraints to its continuation in...
Persistent link: https://www.econbiz.de/10003909680
On March, 2011 the signing of the Treaty of Assunción by Argentina, Brazil, Paraguay and Uruguay celebrated its 20th anniversary. Preferential trade agreements that create "joint economic spaces" might be seen as useful tools to promote economic development. This article discusses to what...
Persistent link: https://www.econbiz.de/10009231999
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...
Persistent link: https://www.econbiz.de/10005526972
This paper aims to test the relationship between health and per capita economic growth. Two main causalities were discussed: if health would directly increase labor productivity or if it would, indirectly, intensify the positive effect of education on growth. A better health status could...
Persistent link: https://www.econbiz.de/10005056959
The main aim of the paper is to analyze the evolution of growth regimes in a selected set of Latin American countries between 2000 and 2021, in order to characterize them in relation to their demand regimes growth, such as export-led, investment-led or consumption-led. Additionally, supply-side...
Persistent link: https://www.econbiz.de/10015054239
The main aim of the paper is to analyze the evolution of growth regimes in a selected set of Latin American countries between 2000 and 2021, in order to characterize them in relation to their demand regimes growth, such as export-led, investment-led or consumption-led. Additionally, supply-side...
Persistent link: https://www.econbiz.de/10015051680
The paper analyzes the process of Brazilian deindustrialization from the perspective of the transformations occurred in the global economic system in the last three decades. Realizes the performance of the Brazilian industry in the international economy from the technological, productive,...
Persistent link: https://www.econbiz.de/10011372291
The aim of this paper is to show that concepts such as growth regime, external constraints and financialization, which are very common in many post Keynesian studies on growth, are compatible and complementary, but the conciliation among them requires the use of some concepts of French...
Persistent link: https://www.econbiz.de/10010330519