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In this paper, using empirical and statistical research, we analyze the impact of the external sector on economic growth in Paraguay during the 1994-2020 period. The results enabled the assessment of the validity of the income elasticities of imports calculated in the long term, attributed to the presence of cointegration among the series. Consequently, the economic growth rate associated with the external balance was obtained, aligning with Thirlwall's Law. The empirical analysis and validation of Thirlwall's Law suggest that the growth dynamics of the Paraguayan economy can be explained by the Thirlwall model. Thus, it was determined that the external sector has had an impact on Paraguay's economic growth. [ABSTRACT FROM AUTHOR]

This paper presents a growth strategy that, modifying the distribution of income in favor of wage earners, allows boosting aggregate demand, productivity and employment. This proposal is essential for the achievement of the Sustainable Development Goals, especially those related to growth, innovation, employment, and distribution in Colombia, opposed to the model that has historically been applied and that implied an exclusive growth. To build this alternative vision, the paper presents a renewed theoretical proposal based on the concept of inclusive growth, and by means of Structural Equations Modeling (SEM), the hypothesis that the concentration of the productive structure generates distortions in the economic, innovation process and job creation. This makes necessary to adopt policies focused on increasing productivity and diversifying the productive structure. [ABSTRACT FROM AUTHOR]

This paper presents empirical evidence on the impact of patents on economic growth, in 8 countries of Latin America during the period 1990-2011. A Cobb- Douglas production function type is estimated to quantify the effect and magnitude that have patents registered by residents and patents registered by non-residents, on the GDP, controlling by variables as gross capital formation and labor force. The empirical results show that there is a significant positive relationship in which long-run impact of the registered residents on GDP is smaller than patents registered by non-resident about 0.02%. [ABSTRACT FROM AUTHOR]