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...

Taking as a point of departure the classical model of Schumpeterian competition proposed by Nelson and Winter, this work expands it by including two sectors and a North-South dynamics, with a view to analyzing how institutions and technological regimes affect the processes of convergence and...

This paper analyses the effects of agricultural productivity gains on the industrialization process and on the long run growth rate of the economy. The model used for analysis allows endogenous gains in agricultural productivity via learning-by- doing and, besides that, it is assumed that...

This paper aims to explore the relationships between institutional arrangements and fiscal performance in Argentina, Brazil, Chile, Colombia, and Mexico. To this end, institutional variables such as fiscal targets regimes, institutions responsible for fiscal policy, and budgetary processes will...

Infrastructure is traditionally considered a necessary condition for a country's economic development. However, despite so many arguments in favor of the importance of infrastructure for productivity, growth and welfare, the empirical literature on the impact of infrastructure is controversial....

Infrastructure is traditionally considered a necessary condition for a country’s economic development. However, despite so many arguments in favor of the importance of infrastructure for productivity, growth and welfare, the empirical literature on the impact of infrastructure is...

Infrastructure and productivity in Brazil. This article analyses the relationship between infrastructure and total factor productivity (TFP) in Brazil during the second half of the twenty century. Public capital is used as a proxy for infrastructure capital. The hypothesis to be tested is that...