This paper aims at analyzing theoretically and empirically the role of infrastructure expenditure on economic growth in Brazil from 1986 to 2003. The hypothesis is that public infrastructure expenditures in transport are central to foster sustainable growth in Brazil. Theoretical and empirical...

The paper tried to contribute to the theory of the location of the bank services. At first, there was strong evidence showing that the bank location not only depended on economical factors. The developed model and the results found in the spatial econometrics analysis demonstrated that there is...

There is considerable evidence to demonstrate that the industrial localization in developing countries shows high level of spatial concentration, and the industrial decentralization is quite restricted to few isolated regions. The aim of this paper is to analyze the Brazilian case to identify...

The Brazilian federal government has recently set out plans encompassing detailed public expenditure programs and targets on infra-structure investment (PAC, Programa de Aceleração do Crescimento). We investigate the sectoral, regional and national economic consequences of the PAC in Minas...

The aim of this paper is to analyze the spatial distribution of innovation, measured as per capita patents, in geographical microregions of Brazil. This purpose is achieved by using exploratory spatial data analysis. This paper is pioneer in adopting this set of statistical tools when we look at...

The main aim of this paper is to analyze the locational factors of urbanization in State of São Paulo (Brazil) between 2000 and 2005. Using a micro-regional database, we apply a set of techniques: a) the method shift-share (Esteban-Marquillas), b) Principal Component Analysis (PCA) and Cluste...

The economy of the Brazilian state of Minas Gerais has undergone several changes between the 1950’s and the 1990’s. The main result of those changes was the great heterogeneity amongst its microrregions (dynamic and stagnant areas exist simultaneous). The aim of the paper is to identify the...

This paper analyzes a set of infrastructure programs (Sewer, Housing, Transports, Communications and Energy) in the Northeast region of Brazil, announced by the federal government in the scope of the PAC (Plano de Aceleração do Crescimento). We use an interregional computable general...

This paper analyses the sustainability of fiscal policy in Brazil since the financial reform of 1965 and discusses how the relationship between the Treasury and the Central Bank has determined the federal government's capacity to finance itself. A sustainable policy is defined as one such that...