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This paper analyzes the profi le of the economic growth in the regions of Mato Grosso do Sul State in Brazil. For this analysis were made quantitative estimates using gross domestic product data (GDP), regional population and gross domestic product per capita and review of theories of economic growth. The results showed that the most populous and most dynamic regions stagnated, while peripheral regions advanced by stimulating the convergence of the level of regional economic growth. [ABSTRACT FROM AUTHOR]

Is there compatibility between Nelson's 'Social Technology' and Hodgson's 'Veblenian Causality'? This paper aims to discuss the role and the relationship among the concept of institutions and the economic growth process, through the Neo- Schumpeterian and Institutionalist approaches. Both of them constitute a new research agenda differentiated and opposite to the mainstream. In the first part of the paper we discuss the research agenda proposed by Richard Nelson who emphasizes the necessity to unpack the institution concept throughout the social technology notion. In the second part we discuss Geoffrey Hodgson's contribution that suggests inserting this process in an evolutionary perspective, which has in habits, norms and social behavior his major characteristic. [ABSTRACT FROM AUTHOR]

Real exchange rate and economic growth: a comparison between emerging and developed economies. This paper presents a discussion on the relationship between economic growth and real exchange rate. The article presents the results generated by a dynamic panel that tested the relationship of economic growth with the level of the exchange rate, exchange rate volatility and the choice of exchange rate regime from 26 countries, 13 emerging and 13 developed. The results suggest that the level of the exchange rate and volatility are relevant for growth. Finally, the paper stresses that there are important differences when comparing developed and emerging economies. [ABSTRACT FROM AUTHOR]

The entrepreneurship of small business has been almost unanimously viewed as beneficial for the social and economic life in different countries and regions. This paper aims to answer the following research question: in Brazil, do varying rates of entrepreneurship across regions affect economic performance? The paper investigates the effects of entrepreneurial activity on economic growth and unemployment rate in 853 municipalities in the state of Minas Gerais, Brazil. Entrepreneurship rate of a municipality is the proportion of self-employment in the work force. Its impact on the growth of GDP and unemployment is analyzed by the methodology of multiple regression models. The empirical results reveal a robust association between entrepreneurship and unemployment: the higher the entrepreneurial activity of the municipality, the lowest the unemployment rate. But the influence of entrepreneurship on the local economic growth is also negative: where there was more entrepreneurial activity in 2000, GDP growth was smaller the following three years. The interpretation of these results leads us to the discussion of entrepreneurship by necessity that characterizes major part of the entrepreneurial activity in Brazil. [ABSTRACT FROM AUTHOR]

In Brazil, the overwhelming expansion of the global agribusiness on new areas of the Cerrado, creates functional regions specialized in the production of agricultural commodities, such as the West of Bahia. With accelerated growth of crops like soybeans, corn and cotton in addition to livestock, on the one hand, reach high volumes of production and increase productivity levels, on the other, reproduce social inequality and poverty/land in cities and rural areas due to the destruction of nature, labor exploitation and abuse of wealth and income concentration. Therefore, the aim of this paper is to analyze the imbalance between economic growth and social development of the three main cities of this region: Barreiras, Luís Eduardo Magalhães and São Desidério. The extreme social inequality divides the economy of the regional space into two distinct sides: the territory of the territory of the rich and poor, the "territory of the progress" of modern large agribusiness farms and gated communities and "precarious territory" of the numerous and growing suburbs of cities. To change this reality of the abusive concentration of wealth and income, it is necessary to combat the ideological discourse and practice of macro-scale reproduction of the capital of modern agriculture, to provide universal access to collective goods and services and make decent living and working. [ABSTRACT FROM AUTHOR]

Implicit reciprocity and growth in the international economy: a structuralist perspective. This paper discusses some of the structuralist ideas about international coordination and growth in an international system formed by countries whose productive structures and technological capabilities are strongly asymmetric. These ideas are formalized taking as a point of departure the Keynesian Balance-of-Payments constrained growth model with two countries. To this model is added a function (based on the catching up literature) in which the income elasticity of the demand for exports and imports depends on the technology gap. The model allows for discussing the inter-relations between the fiscal and the industrial and technological policies. It also allows for finding the rate of growth of autonomous expenditure in the periphery which ensures that it will use all the foreign exchange it earns in promoting economic growth (the principle of "automatic reciprocity"). [ABSTRACT FROM AUTHOR]

Growth and industrialization in Brazil. In this paper, based on the writings of Kaldor and his followers, we compare two phases of Brazilian economic growth, one showing fast growth rate and other with lack of growth. Our aim is to analyze the Brazilian economic behavior in the last 40 years, pointing out economic policy intervention, structural change, foreign trade and capital flows as determinants to account for gross product development path performance. Our aim is to shed some light on which is the potential rate of growth of the Brazilian economy nowadays, considering its historical growth path and recent structural changes in the industrial sector. [ABSTRACT FROM AUTHOR]

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. [ABSTRACT FROM AUTHOR]

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. [ABSTRACT FROM AUTHOR]

Educational policies and economic growth: theory and dynamic panel data estimates. 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. [ABSTRACT FROM AUTHOR]

Capital account liberalization and economic growth: evidences from data in Latin-American panel. 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. [ABSTRACT FROM AUTHOR]

An analysis of the national development strategy of Malaysia. This paper aims at studying Malaysia's national development strategy in the last three decades. Firstly, we will give emphasis to the country's economic planning development, its mediumterm and long-term plans, as well as Mahathir's political influence. Secondly, we will try to identify key elements in the Malaysian growth process, such as its exchange rate and current account policies, the participation of the government in the whole process and matters related to domestic savings and foreign direct investment. We will also talk about the 1997 financial crisis. [ABSTRACT FROM AUTHOR]