The periods of fast growth in the Brazilian economy from the post-war until the end of the 1970s have been constrained by imbalances in the foreign sector. We propose in this paper a model, based on Kaldor, where capital accumulation, technological gap and long run external constrain are...

Thorstein Veblen (1857-1929), considered the first institutionalist author, tried to formulate, in the passage of the 19th century to the 20th, an original system of political economy that was alternative to classical, neoclassical, historicist and marxist thoughts. In this paper, this system of...

The Paraná State municipalities show a great of disparity in the level of development. The GDP per worker difference between the most and the least developed cities in the beginning of this millennium was superior to 700%, according to IBGE (2000) database. Therefore, studies to detect the...

This paper discusses the empirical evidence on deindustrialization in Brazil, which is compared with the case of Parana. The study suggests that the participation of industry has fallen in Brazil, and discusses the implications of this trend for long run growth. On the other hand, a different...