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 aim of this paper is to analyze the impacts of openness on employment and wages, taking into consideration two crucial aspects. The first, related to labor demand, refers to an increase in the relative employment of less-skilled workers. With Brazil being a developing country with abundant...