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...

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...

The objective of this article is to present the structure and the first computational simulations of a one-sector macrodynamic model that imbed some elements of the post- keynesian theoretical framework. The theoretical elements embed in the model are: i) determination of the level of output by...

The objective of this article is to present the structure and the first computational simulations of a two sector macrodynamic model that embed some elements of the post-keynesian theoretical framework. The theoretical elements embed in the model are: i) determination of the level of output by...

The role of human capital on the development process has been recognized as a crucial element by many researchers. Nevertheless, many empirical results have showed no correlation between human capital and income per capita level or between human capital and growth rates. It is argued that the...

Neste artigo descreveremos as principais características do modelo de crescimento pós-keynesiano formulado por Oreiro & Ono (2005), assim como também proporemos a sua reestruturação, particularmente, através de mudanças nos módulos I e II do modelo. No módulo I, que trata da demanda...

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...

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...

The paper reviews some relations between economic growth and the level of education attained by the individuals. It is shown that, whenever the consumptiondecisions are affected by a preference for education, a concept described by introducing knowledge in the utility function, the decisions of...

The main aim of this paper was to analyse the existence of Kuznets hypothesis for the Brazilian Municipalities from 1991 to 2000. The empirical strategy was based on three steps. The first one consists in testing the quantile specification proposed by Racine (2006). The second was to use the...