The aim of this paper is to evaluate the role of the manufacturing sector in the development process through the first two laws of Kaldor. The first states that the higher the growth of industrial output, more significant is the growth rate of the product of the economy as a whole. The second...

The historical success of the Asian developmental States and the partial success of developmental States in Latin America suggest numerous common requisites for an efficient State intervention, including a weberian bureaucracy, the monitoring of project implementation and reciprocity (subsidies...

Financial constraints on Brazilian firms are very high compared to advanced economies. In Brazil, 59% of firms have access to a bank loan or a credit line. In developed countries, the average percentage is 95%. Loan collateral requirements are much higher in Brazil (95% of the loan value) than...

The historical success of the Asian developmental States and the partial success of developmental States in Latin America suggest numerous common requisites for an efficient State intervention, including a weberian bureaucracy, the monitoring of project implementation and reciprocity (subsidies...

The aim of this paper is to evaluate the role of the manufacturing sector in the development process through the first two laws of Kaldor. The first states that the higher the growth of industrial output, more significant is the growth rate of the product of the economy as a whole. The second...