The paper tried to contribute to the theory of the location of the bank services. At first, there was strong evidence showing that the bank location not only depended on economical factors. The developed model and the results found in the spatial econometrics analysis demonstrated that there is...

The aim of this paper is to present some preliminary considerations of the relationship between exchange rates, external constraints and economic growth from a formal model that considers two regions, one developed and other developing countries, which interact via international trade. It is...

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...

According to recent studies, shocks on aggregated variables are associated with unequal impacts on the economic system, affecting more some agents and sectors than others according, depending on their characteristics. Theoretically, the mechanisms that differentiate shocks’ effects on economic...

The accumulation of human capital plays a crucial role in growth theories and it is incorporated in the growth models in a very simplified way. Therefore it does not take into account the economic development process complexity. They consider that the amount of human capital is an important...

The objective of this study is to evaluate the different channels in which human capital affects income level and growth and to use a proxy of human capital variable that incorporates quantitative and qualitative aspects of this factor. The human capital proxy that will be used is years of...

By using the Minskyan approach of financial instability and the neo-schumpeterian approach to the relationship between the National System of Innovation (NSI) and economic competitiveness, a standard was obtained for growth cycles of economies whose NSI shows deficiencies when compared with the...

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...

The role of human capital on the development process has been recognized as a crucial element by many researchers. Nevertheless, many empirical results have showed no correlation between human capital and income per capita level or between human capital and growth rates. It is argued that the...

The main aim of this paper is to analyze the locational factors of urbanization in State of São Paulo (Brazil) between 2000 and 2005. Using a micro-regional database, we apply a set of techniques: a) the method shift-share (Esteban-Marquillas), b) Principal Component Analysis (PCA) and Cluste...