Liberalização da conta de capitais e crescimento econômico: evidências de dados em painel para a América Latina

The aim of this paper is to carry out an empirical analysis about the relation between Capital Account Liberalization and Economic Growth having as object of study the experience of 16 countries of Latin America with annual data for the period 1986-2000. The econometrical calculations do not corroborate the hypothesis that the liberalization of Capital Account would stimulate the economic growth. The results suggest an adverse effect of the liberalization of the Capital Account on the real growth gross domestic product per capita of the countries.

Mudança estrutural, desenvolvimento institucional e crescimento econômico sustentado: um comentário sobre a experiência irlandesa

It is discussed the recent Irish experience of sustained economic growth, in which a social pact, the entry in the European Union and the opening of the economy have all played a paramount role. Some remarks on the sustainability of such an experience are also made.

"Estabilidade e pleno emprego": as origens do esquema de Kaldor para a análise da flutuação e do crescimento econômicos

Nicholas Kaldor is known as an author who often changed his mind throughout his career. This is the case of his analyses of the process of economic growth, in which he proposed various models leading to quite different and, occasionally, conflicting conclusions. Specifically, Kaldor changed his position concerning the stability of the full employment situation. This paper shows that, in spite of those changes, Kaldor in fact used different versions of the same basic analytical framework and that this framework has its origin in his paper "Stability and Full Employment" published in the Economic Journal in December 1938.

Os efeitos da política educacional no crescimento econômico: teoria e estimativas dinâmicas em painel de dados

In this paper, we develop a theoretical model that considers a non-linear relationship between growth and level of education (human capital). Our econometric estimates demonstrated the causality running from human capital to GDP per capita with U inverted shape. The level of education (human capital) that generates the maximum growth rate lies around 4.5 years. The foremost implication of this result is that States with level of education below this range should have as priority educational policies.

Endividamento público, crescimento, moeda e inflação: comentário a "Matemática agradável", de Gerson Lima

The paper aims at analyzing the article by Gerson Lima on the manner by which fiscal deficit should be covered. It presents a more general dynamic model, where the principle of effective demand is explicitly used. By doing that, it is possible to treat as endogenous variables the national income and the government entries, what brings the result that the public debt must not follow an explosive path unless the very restrictive conditions of Lima's paper prevail. It also evaluates Lima's implicit inflation theory, and argues against his approximation to Friedman's framework.

Endividamento público, crescimento, moeda e inflação: comentário a "matemática agradável", de Gerson Lima - a réplica

This paper aims at replying critical commentaries made by Leite, F. P., Aggio, G. O. e Angeli, E. (this Review, 2009) on two Author's theses. The first one states that, if public deficit is to be financed, then either interest rate applied is negative or government invests as if it where a profit-making business enterprise. Otherwise, public debt will mathematically follow an explosive trend. The second one says that if there is no debt and public deficit is paid with money issuing, then the monetary stock will tend to an equilibrium level.

China: estabilidade e crescimento econômico

China: stability and economic growth. China experienced an extraordinary economic growth since 1978, while keeping inflation low. Which are the main determinants for this performance and to what point has macroeconomic policy been responsible? Obviously, many factors have been important although none of them may be appointed as the sole determinant. The paper also argues whether China would be able to keep this pace of growth or will slow down, like many other Asian countries. It is argued that China will maintain her average rate of growth in the near future.

Crescimento econômico e liquidez externa no Brasil após 1970

Economic growth and foreign liquidity in Brazil after 1970. This paper assesses the relationship between the capital account and the Brazilian economic growth according to balance-of-payments constraint approach. The Thirlwall (1979)'s simple rule is extended to take into consideration capital account and several empirical evidence using time series analysis are shown. Conversely to the simple rule when fitted rates of balance-of-payment equilibrium economic growth average bellow the observed ones, fitted rates of growth using the rule extended to international liquidity are consistently greater than the observed ones. It is fair to conclude that, first, the Brazilian economy grows better during abundant international liquidity and, second, the economy sub utilizes such advantage growing far less than it could grow.

Crescimento econômico impulsionado por recursos naturais: uma nota sobre a experiência de Botsuana

Economic growth stimulated by natural resources: a note on the Botswana experience. Botswana was the fastest growing economy in the world in the 1966-1989 period. Even though the discovery and exploitation of large diamond reserves had played an essential role in such an impressive performance, favorable economic, political and institutional conditions allowed the use of the resulting large export revenues as a lever for economic growth, though not for development.