Thirlwall ou Solow?: uma análise para a economia brasileira entre 1947 e 2008

certain evidence and theories point to the existence of a relationship between economic growth and the current account balance. according to this approach, positive external sector performance is a key element for an economy to reach sustainable rates of investment and economic growth. on the other hand, literature on economic growth emphasizes the association between economic performance and production factors accumulation. taking into consideration these two theoretical approaches, the present study aims to develop a model relating these two different approaches and investigate how the balance of payments constraint impacts physical and human capitals investments and, consequently, the brazilian economy's performance between 1947 and 2008.