Browsing FGV EPGE - Ensaios Econômicos by Author "Flôres Junior, Renato Galvão"
Now showing items 1-20 of 39
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Are CGE Models still useful in economic policy making?
2008-02-28This paper develops background considerations to help better framing the results of a CGE exercise. Three main criticisms are usually addressed to CGE efforts. First, they are too aggregate, their conclusions failing to ... -
Beyond indifferent players: on the existence of prisoners dilemmas in games with amicable and adversarial preferences
2004-12-01Why don’t agents cooperate when they both stand to gain? This question ranks among the most fundamental in the social sciences. Explanations abound. Among the most compelling are various configurations of the prisoner’s ... -
Capitais internacionais: complementares ou substitutos?
2003-10-10This paper presents a theoretical and empirical analysis of the substitutability of international private capital flows. Both univariate and multivariate investigations of the capital movements related to the Brazilian ... -
A CAPM with higher moments: theory and econometrics
1997-10-01We develop portfolio choice theory taking into consideration the first p~ moments of the underIying assets distribution. A rigorous characterization of the opportunity set and of the efficient portfolios frontier is given, ... -
Concorrência no Mercosul: para além do Protocolo de Fortaleza
2001-01-01We address specific problems to be considered once the Protocolo de Fortaleza becomes a fully recognised agreement. Elimination of anti-dumping measures a la WTO, services competition and the interrelationship between the ... -
Os desafios da integração legal
2004-12-01We introduce and discuss the idea of Legal Integration, providing a few evidences on it, in Brazil and South America. The forms of and incentives to Legal Integration, as well as the answers to it, by Western Europe, Mexico ... -
The diversity of diversity: further methodological considerations on the use of the concept in cultural economics
2006-10-01The implications of diversity still raise confusion in the cultural debate. We address them from both a formal and conceptual viewpoints, putting in check the validity of some arguments. We conclude that: measuring diversity ... -
Do higher moments really matter in portfolio choice?
2004-12-01We present explicit formulas for evaluating the difference between Markowitz weights and those from optimal portfolios, with the same given return, considering either asymmetry or kurtosis. We prove that, whenever the ... -
Dynamic Effects of MERCOSUR: an assessment for Argentina
2000-06-01We evaluate the potential dynamic effects of MERCOSUR on the Argentinean economy. Two approaches, already used with other regional integration agreements, are applied for measuring, respectively, medium and long-term ... -
Endogenous protection in Mercosul: an empirical analysis
2000-12-01This paper analyses the equilibrium structure of protection in Mercosul, developing empirical analyses based on the literature ensuing from the sequence of models set forth by Grossman and Helpman since 1994. Not only ... -
The EU-Mercosul free trade agreement: Quantifying mutual gains
2004-12-01We identify trade in goods opportunities in a EU-Mercosul free trade area. Gains for Mercosul are rather concentrated, being mostly associated to a few agricultural commodities nowadays facing high protection barriers. EU ... -
Exploratory semiparametric analysis of two-dimensional diffusions in finance
2000-03-01We examine bivariate extensions of Aït-Sahalia’s approach to the estimation of univariate diffusions. Our message is that extending his idea to a bivariate setting is not straightforward. In higher dimensions, as opposed ... -
Finding a maximum skewness portfolio - A general solution to three-moments portfolio choice
2001-09-10Considering the three first moments and allowing short sales, the efficient portfolios set for n risky assets and a riskless one is found, supposing that agents like odd moments and dislike even ones. Analytical formulas ... -
Foreign direct investment spillovers in Portugal: additional lessons from a country study
2006-06-01This paper investigates the impact of FDI on the productivity of Portuguese manufacturing sectors. Model specification is improved by considering the choice of the most appropriate interval of the technological gap for ... -
Foreign direct investment spillovers: additional lessons from a country study
2002-09-01We investigate the impact of foreign direct investment on the productivity of domestic firms, using sectoral data for Portugal. An improved analysis takes into account the most appropriate interval for the technological ... -
Foreign direct investment spillovers: what can we learn from portuguese data?
2000-01-01This paper investigates the impact of foreign direct investment on the productivity performance of domestic firms in Portugal. The data comprise nine manufacturing sectors for the period 1992-95. Relatively to previous ... -
Foreign funding to an emerging market: the Monetary Premium Theory and the Brazilian Case, 1991 - 1998
2002-10-23We develop a framework to explain the private capital flows between the rest of the world and an emerging economy. The model, based on the monetary premium theory, relates an endogenous supply of foreign capitals to an ... -
Government actions to support coffee producers - an investigation of possible measures from the European Union
2002-04-01We outline possible actions to be adopted by the European Union to ensure a better share of total coffee revenues to producers in developing countries. The way to this translates, ultimately, in producers receiving a fair ...
