Capital flows are expected to be important in the process of economic growth for several reasons. One of them is their importance in relaxing the balance of payments constraints as envisaged by Thirlwall’s law, which states that when economic growth takes place, the level of imports also...

We examine the impact that financial development had on earnings inequality in Brazil in the 1980's and 90's. The empirical evidence, based on panel time series and time series data, shows that more broad access to financial and credit markets had a significant and robust effect in reducing...

In this paper we investigate the role of financial development, or more widespread access to all sorts of finance, in generating economic growth in four Latin American countries between 1980 and 2007. The results, based on panel time-series data and analysis, confirm the Schumpeterian prediction...

In 1950 Mexico entered an economic takeoff and grew rapidly for more than 30 years. Growth stopped during the crises of 1982-1995, despite major reforms, including liberalization of foreign trade and investment. Since then growth has been modest. We analyze the economic history of Mexico...

In 1950 Mexico entered an economic takeoff and grew rapidly for more than 30 years. Growth stopped during the crises of 1982-1995, despite major reforms, including liberalization of foreign trade and investment. Since then growth has been modest. We analyze the economic history of Mexico...

We investigate in this paper what are the main determinants of government and external debt in Latin America. Our sample includes nine Latin American countries that re-democratised in the last 30 years or so, and the data cover the period between 1970 and 2007. The results, based on principal...

Este artículo se aleja de las corrientes predominantes como la realista o neo-realista, para preguntarse sobre los actores intervinientes dentro del Estado. Se realiza un detallado análisis sobre la vinculación comercial entre la Argentina y la República Popular de China durante 1991 a 2010....

En este trabajo se analiza el impacto de la inversión extranjera directa sobre la productividad del trabajo para el período 1940-2010. Se plantea una función producción que relaciona el producto agregado con el trabajo, y capital de tres tipos: privado nacional, extranjero y público. De la...

RESUMENEl presente artículo estudia la teoría del crecimiento acelerado, del profesor Lauchlin Currie, y su relación con los problemas socioeconómicos colombianos. Muestra que las ideas de Currie constituyen el intento más serio que se haya realizado en el país por elaborar una teoría del...

This work analyzes the process of convergence of the per capita incomes of Mexico and the USA from 1954 to 2008. It was found a point of rupture occurring in this process in the last quarter of 1982. It is analyzed the gap between the levels of their per capita incomes and find that it was...