This paper aims to estimate the equilibrium real exchange rate for the Brazilian economy. The equilibrium exchange rate is defined as the level of exchange rate that guarantees the stability of the net foreign asset position over time. An econometric model is estimated using a Vector Error...

This paper aims to discuss the role of technological specialization in economic growth. Economic literature has stressed that there are theoretical reasons and empirical results to associate trade specialization in high-tech products with growth. There are also theoretical reasons to associate...