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11.
João Manoel P. De Mello Márcio G.P. Garcia 《The Quarterly Review of Economics and Finance》2012,52(2):135-153
Since the conquest of hyperinflation, with the Real Plan, in 1994, the Brazilian financial system has grown from early infancy to late adolescence. We describe the process of maturing with emphasis on the defining features of the Brazilian financial system over the last 20 years: (1) stabilization and the subsequent financial crisis; (2) universality of banks; (3) market segmentation through public lending; (4) institutional improvement. Further paraphrasing Diaz-Alejandro (1985), we raise some hypotheses on why, this time, the financial boom has not (at least yet) turned into a financial crash. 相似文献
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Mauricio V.L. Bittencourt Donald W. Larson David S. Kraybill 《Economic Systems Research》2010,22(1):65-85
We use a single-country multi-regional computable general equilibrium model to evaluate regional short-run impacts of reduction in import tariffs resulting from recent free trade area agreements, on poverty and distribution of income in Brazil. Results show that trade can reduce inter-regional income inequality, but poor urban households lose with trade liberalization. Trade policy alone is not sufficient for achieving more equitable income distribution goals in Brazil. Without greater investment in human and physical capital, incomes in most regions of Brazil are likely to lag behind incomes in the South/Southeast, the most developed regions in the country. 相似文献
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Manoel Bittencourt Reneé van Eyden Monaheng Seleteng 《The South African journal of economics. Suid-afrikaanse tydskrif vir ekonomie》2015,83(3):411-424
In this paper, we investigate the role of inflation rates in determining economic growth in 15 sub‐Saharan African countries, which are all members of the Southern African Development Community, between 1980 and 2009. The results, based on panel time‐series data and analysis (we use the fixed effects and fixed effects with instrumental variables estimators to account for heterogeneity and endogeneity in thin panels), suggest that inflation has had a detrimental effect to growth in the community. We highlight that inflation has offset the Mundell–Tobin effect and consequently reduced the much needed economic activity in the community, and also the importance of an institutional framework conducive to a stable macroeconomic environment as a precondition for development and prosperity in the community. 相似文献
15.
Tulio Chiarini Thiago Caliari Pablo Felipe Bittencourt Marcia Siqueira Rapini 《Review of Development Economics》2020,24(1):288-315
The growing U.S. R&D internationalization has historically been concentrated in developed countries. However, in the past few decades, the internationalization has moved toward less‐developed countries (LDCs), particularly Brazil, China, and India. What location factors are making some LDCs more “inviting” for U.S. R&D offshore? To answer this first question, we constructed a panel data using secondary data from the U.S. Bureau of Economic Analysis regarding the R&D investment made by the majority‐owned foreign affiliates of U.S. parent companies in 71 countries. We then applied a Heckman two‐step correction for selection bias test. The results highlight some important differences between developed countries’ and LDCs’ attractiveness. Based on these initial results, we conducted a detailed analysis of the determinants of U.S. R&D investments in Brazil, China, and India, which revealed that China’s determinants mostly match those found in more developed countries. 相似文献
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Green Product Development and Product Portfolio Management: Empirical Evidence from an Emerging Economy 下载免费PDF全文
Daniel Jugend Joao Victor Rojas Luiz Charbel Jose Chiappetta Jabbour Sérgio Luis a Silva Ana Beatriz Lopes de Sousa Jabbour Manoel Henrique Salgado 《Business Strategy and the Environment》2017,26(8):1181-1195
Few studies have explored the relationship between green products development (GPD) and product portfolio management (PPM). When considering evidence from emerging economies, the knowledge gap is even deeper. Consequently, the objective of this work is to analyze how green and traditional practices of new product development (NPD) influence product portfolio and NPD performance. In addition, we explore how GPD opens new markets and technology opportunities. The empirical evidence is based on a sample of firms that are developing products and belong to innovative industrial sectors in Brazil. In general, the framework developed and tested in this research indicates the following: (i) the adoption of GPD practices significantly influences product portfolio performance; (ii) the adoption of GPD practices tends to generate positive results with regard to obtaining technological and market opportunities; (iii) the adoption of traditional PPM practices influences the dependent factors. Unexpectedly, correlations between a firm's size or age and its performance were not confirmed. This is the first empirical evidence relating GPD, PPM, and market and technology opportunities in Brazil. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment 相似文献
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We consider a model of repeated (relationship) lending in which some contingencies that are relevant for a bank’s decision
to finance a project cannot be described contractually. The hazards related to this lack of contractibility can be magnified
by actions taken by an entrepreneur. The continuation value of a lending relationship induces borrowers to take actions that
minimize the ex-post conflict of interests resulting from contractual incompleteness. The optimal lending relationship is stationary on the equilibrium
path. A robust feature of an optimal lending relationship is that the action schedule (as a function of project types) adopted
by the entrepreneur is either a constant or a step function. Hence, the bank imposes to the entrepreneur a finite set of decisions
from which he can pick his action, bounding his discretion over decisions. This leads to lower interest rates charged by the
bank and to efficient refinancing in a lending relationship when compared to arm’s length financing. 相似文献
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III. Gtobal crisis: impact and poticy response 相似文献
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Does coethnicity with the President affect public infrastructure provision in South Africa? Using municipal-level data for 52 district municipalities from 1996 to 2016, we find that municipalities coethnic with the President are associated with higher water infrastructure provision relative to non-coethnic municipalities. Taking into account various political considerations, results show that ethnic favouritism occurs due to ethnic altruism. Our findings remain robust to different specifications of coethnicity thresholds and are applicable to electricity infrastructure provision. Results suggest that in order to minimise ethnic favouritism, politically independent institutions should oversee the allocation of funding and provision of infrastructure. 相似文献
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Letti Ariel Gustavo Bittencourt Mauricio Vaz Lobo Vila Luis E. 《Journal of Productivity Analysis》2022,58(1):55-74
Journal of Productivity Analysis - Using data from the Brazilian Higher Education Census and other public institutions, this study aims to obtain and compare efficiency scores from stochastic... 相似文献