Browsing FGV EESP - Textos para Discussão / Working Paper Series by Author "Teles, Vladimir Kuhl"
Now showing items 1-16 of 16
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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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
A test for strong hysteresis in international trade
2009-08-26The article suggests a new test for strong hysteresis in international trade. The variables that capture the effects of hysteresis are based on the model of Dixit (1989) with calibrations using a state-space model to ... -
A time-varying markov-switching model for economic growth
2011-11-30This paper investigates economic growth’s pattern of variation across and within countries using a Time-Varying Transition Matrix Markov-Switching Approach. The model developed follows the approach of Pritchett (2003) and ... -
Tourism and poverty relief
2010-07-01This paper examines the issue of how tourism affects poverty in the context of the effects of tourism on an economy as a whole and on particular sectors within it. A framework for analysing the channels through which tourism ...
