Browsing by Author "Teles, Vladimir Kuhl"
Now showing items 1-20 of 23
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A brief history of Brazil's growth
2010-01-04The paper studies Brazil’s economic growth and begins with a brief overview of events that marked the country’s development from her discovery to the 19th century. It then divides the years between 1900 and 2008 into four ... -
Do capital controls boost EME´s resilience to financial crises?
2014-10-23Capital controls are again in vogue as a number of emerging markets have reintroduced these measures in recent years in response to a 'flood' of international capital. Policymakers use these tools to buttress their economies ... -
An empirical model of the Brazilian country risk - An extension of the beta country risk model
2006This paper develops a statistical model to study the Brazilian country risk using a country beta model in the spirit of Harvey and Zhou (1993), Erb et al. (1996a, b) and Gangemi et al . (2000). Specifically, the impact of ... -
Environmental protection and economic growth
2009-08-24This paper explores the link between environmental policy and economic growth by employing an extension of the AK Growth Model. We include a state equation for renewable natural resources. We assume that the change in ... -
Financial frictions, informality and income inequality
2014-12-12We studied the effects of changes in banking spreads on distributions of income, wealth and consumption as well as the welfare of the economy. This analysis was based on a model of heterogeneous agents with incomplete ... -
Fundamentals or market sentiment: what causes country risk?
2010The country risk indicator, as measured by the JP Morgan's EMBI or grades of rating agencies such as Standard Poor's (SP's) or Moody's, does not seem to truly reflect the fundamentals of an economy. Countries that pursue ... -
Household borrowing constraints and monetary policy in emerging economies
2015-03-02Credit markets in emerging economies can be distinguished from those in advanced economies in many respects, including the collateral required for households to borrow. This work proposes a DSGE framework to analyze one ... -
Human capital and innovation: evidence from panel cointegration tests
2010-02-22Panel cointegration techniques applied to pooled data for 27 economies for the period 1960-2000 indicate that: i) government spending in education and innovation indicators are cointegrated; ii) education hierarchy is ... -
Infra-estrutura e produtividade no Brasil
2010-02-22Este artigo analisa a relação entre infra-estrutura e produtividade total dos fatores (PTF) no Brasil entre 1950 e 2000. O estoque de capital público é utilizado como proxy para o capital de infra-estrutura. A hipótese a ... -
Infrastructure and productivity in Latin America: is there a relationship in the long run?
2010-02-22This article analyses the relationship between infrastructure and total factor productivity (TFP) in the four major Latin American economies: Argentina, Brazil, Chile and Mexico. We hypothesise that an increase in ... -
Institutional quality and endogenous economic growth
2007Purpose - This paper seeks to investigate the relation among corruption, institutional quality and economic growth. Design/methodology/approach - It expands the Erlich and Lui (JPE) endogenous growth model. From this model, ... -
Political institutions as substitute for democracy: a political economy analysis of economic growth
2009-09-03This manuscript empirically assesses the effects of political institutions on economic growth. It analyzes how political institutions affect economic growth in different stages of democratization and economic development ... -
Política fiscal e crescimento econômico no Brasil e na América Latina
2010-02-22Este artigo desenvolve um modelo de crescimento econômico endógeno com dívida pública onde o governo pode alocar seus gastos de diferentes formas. Assim, para aumentar gastos em educação ou infra-estrutura o governo tem ... -
A política monetária brasileira sob o regime de metas de inflação
2010-02-22O trabalho analisa a evolução da política monetária desde a implementação do regime de metas de inflação no período de 1999 a 2009 com o intuito de avaliar se há diferenças na condução de política monetária entre as gestões ... -
Public debt and the limits of fiscal policy to increase economic growth
2011-11-30Research that seeks to estimate the effects of fiscal policies on economic growth has ignored the role of public debt in this relationship. This study proposes a theoretical model of endogenous growth, which demonstrates ... -
The role of human capital in economic growth
2005This study presents stylized facts for economic growth for the second half of the 20th century, and evaluates the explanatory capacity of these facts by two of the main theoretical approaches that deal with the relation ... -
The role of resource misallocation in structural change
2019-02-27We develop a multi-sector model of economic growth to explain the distinct patterns of structural change in manufacturing sectors in industrialized countries and those in developing and emerging industrial countries. To ... -
A taxa natural de juros no Brasil
2011-04-04In this paper, the natural rate of interest for the brazilian economy was estimated between end of 2001 and second quarter of 2010 based on two models, being the first the method suggested by Laubach and Williams and the ... -
Taylor principle and inflation stability in emerging market countries
2010-01The goal of this paper is to evaluate the validity of the Taylor principle for inflation control in 12 developing countries that use inflation targeting regimes: Brazil, Chile, Colombia, Hungary, Israel, Mexico, Peru, ... -
A test for hysteresis in international trade
2016-05The article suggests a new test for strong hysteresis, that is, at the macro level, in international trade. The variables that capture the effects of hysteresis are based on a theoretical model with calibrations using a ...
