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...

This article aims at exploring the empirical evidence regarding the effects of increasing returns to scale and international technological diffusion on the Brazilian manufacturing industry. Our departure point is a Kaldorian-type theoretical model that provides not only the positive effects of...

Using Thirwall´s model, we can conclude that the restriction of the balance of payments was crucial in the determination of the Brazilian economic growth in the period 1947-2000. The estimated income elasticity of the demand for imported products, based on the extended Thirwall´s model, was...

This study examines whether social capital is an element that has a significant relationship with Brazilian states’ economic performance in the period of 1996 to 2008. The issue is addressed by the ideas of Bourdieu (1980, 1986), Coleman (1988, 1990) and Putnam et al. (1993), considering that...

The article covers the general situation of construction works carried out in the traditional roadway infrastructure by the Provincial Government of Minas Gerais, between 1840 and 1889. The principal sources are Highway and Bridge Construction Processes, generated within the scope of the Public...

This paper aims to analyze the relation among exchange rate, distribution and economic growth from a short-term Keynesian-structuralist perspective. The domestic absorption is the cornerstone of the analysis, inasmuch as an exchange rate devaluation leads to an expansionist result in the...

This paper analyzes the growth effects of inflation targeting regimes in emerging market economies. In particular, it focuses on the case of three Latin American economies where the inflation targeting framework has been implemented, namely Brazil, Chile and Mexico. It is argued that not only...

This paper aims to test the relationship between health and per capita economic growth. Two main causalities were discussed: if health would directly increase labor productivity or if it would, indirectly, intensify the positive effect of education on growth. A better health status could...

This paper suggests a simulation model to investigate how science and technology fuel economic growth. This model is built upon a synthesis of technological capabilities represented by national innovation systems. This paper gathers data of papers and patents for 183 countries between 1999 and...

Despite the lack of consensus on the appropriate concept of ‘social capital’, research in the area has continued even in the most criticized macroeconomic area. The investigation about the importance of social capital to generate differences in regional per capita income (per capita income...