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...

The aim of this paper is to present some preliminary considerations of the relationship between exchange rates, external constraints and economic growth from a formal model that considers two regions, one developed and other developing countries, which interact via international trade. It is...

Productive structure, external constraint and economic growth: the Brazilian experience - We analyze the sharp drop in the growth rate that has been experienced by the Brazilian economy since the 1980s, using the balance-of-payments-constrained growth approach. Empirical results show that growth...

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...

Human capital seems to be an extremely important feature to be disregarded in the evaluation of this factor impacts on income per worker (rate of growth and level). This is the reason for the emergence of many recent studies which includes this variable in the empirical analyses as studies...

In this paper, we present a calculation of a quarterly series of the labor share in the Brazilian GDP, and an annual estimate based on PNAD (National Household Survey) and the quarterly GDP, for the years in which annual national accounts are not yet available. The theme of the functional...

In this paper, we present a calculation of a quarterly series of the labor share in the Brazilian GDP, and an annual estimate based on PNAD (National Household Survey) and the quarterly GDP, for the years in which annual national accounts are not yet available. The theme of the functional...

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...

Spanish Abstract: Indonesia ha sido tradicionalmente uno de los centros globales de abastecimiento de commodities, al punto que la búsqueda de una ruta alternativa a ella desencadena el descubrimiento de América. A pesar de su tradicional importancia, esta y muchas otras facetas suyas se...