This article surveys selected recent contributions and debates regarding fundamental
aspects of the theory of balance‐of‐payments‐constrained growth (BPCG). The survey …

The deployment of distributed and affordable renewable energy has led to the development
of the prosumer concept in the field of energy. To better understand its relevance and to …

We analyze the determinants of the deindustrialization of the Brazilian economy in the
period between 1998 and 2017. This is a typical example of 'premature deindustrialization'in …

To evaluate China's sustainable development level, it is necessary to integrate the United
Nations Sustainable Development Goals (SDG S) into the indicators reflecting the …

Economists have long debated whether the real exchange rate (RER) has a significant
impact on export performance and output growth. Some claim that export performance …

The aim of this article is to show that the achievement of a competitive level for real
exchange rate is a necessary, although not sufficient condition for the catching-up of middle …

The article aims to analyze the ecological transition and the structural change by
considering the role of Medium-Income Trap (MIT) with respect to exchange rate …

Classical developmentalism was heterodox economics that showed countries require a
moderate intervention of the state in the economy to industrialize and catch up. Growth …

What are the main characteristics of sectors that take advantage of the real exchange rate
stimulus after a large and long-lasting devaluation? We aim to answer this question by …

This paper proposes an indicator measuring the likelihood for an economy to escape the
middle income trap (MIT) and then estimates the impact of income inequality on this …