Purpose The purpose is to market a reinterpretation of Brazilian economic history highlighting the importance of non-tradable goods to understand major historical developments such as the lack of industrialization in the mining boom; the rise and contribution of industries to development in the...

We investigate how trade shocks affect the allocation of labor across plants at the local labor market level. Using Brazil's import liberalization as a quasi-natural experiment, we uncover a new margin for the gains from trade: the reallocation of labor from smaller to larger producers in the...

Intersystem power lines are important in the power exchange of countries. Increasing demand for power supply, construction of new power stations and installation of power lines are needed. Reducing economic costs of power lines in remote power supply is one of the important tasks

In recent years, nontraditional investors have become a major player in the startup ecosystem. Under the regulatory regime of U.S. securities law, those in the public realm are heavily regulated, while those in the private realm are largely left alone. This public-private divide, which is a...

Some of the biggest challenges states in the Western Balkans are facing since the end of the Cold War are non-traditional security threats. Although recent studies have argued that “history has returned” and that traditional security threats have come back to become core challenges for...

Nontransitive choices have long been an area of curiosity within economics. However, determining whether nontransitive choices represent an individual’s preference is a difficult task since choice data is inherently stochastic. This paper shows that behavior from nontransitive preferences...