By studying the interaction between social capital and decentralization, we show that political decentralization can be a source of divergence across heterogeneous regions. In particular, we claim that since the local endowments of social capital display their effect on the economy mainly...

This paper surveys the main issues and controversies in the economic literature on infrastructure in developing countries. Section I reviews the evidence on the role of infrastructure in promoting economic growth. It is argued that, although infrastructure may be more important for growth than...

This paper argues that investment in agriculture has a large and continuing developmental importance in terms of both economic growth and poverty reduction. Moreover, targeted public resources have proven to be indispensable in achieving these results. Both arguments are supported with novel...

O presente trabalho investigou a hipótese da Curva Ambiental de Kuznets – CAK, diante da controvérsia que existe na atual literatura entre o crescimento econômico e impactos ambientais. A principal contribuição do artigo é apresentar um estudo de caso voltado para uma das regiões mais...