El Mercosur se ha convertido, en los últimos años, en el socio comercial extra comunitario más dinámico de España, al tiempo que nuestro país es el principal inversor europeo en la zona y el segundo a nivel mundial, por detrás de Estados Unidos. Pero este acercamiento no es sólo...

The purpose of this work is to analyze the balance-of-payments-constrained growth in Brazil considering Thirwall’s Law (1979). To this end, we estimate export and import demand functions using two econometric models: vector error correction and structural state space model for the period of...

The 2008 financial crisis and its economic downturn have reignited the fierce debate about the financial liberalization and its implications on economic growth, especially in the realm of the developing countries. In this paper, we focus on this line of research, contributing in two main ways....