BNDES has been working as public agent for the Brazilian State developing export financing policy. Observing post shipping financing policy, most disbursements for the period in analyses from 1998 to 2017 consists on a major direction to the United States counting almost US$ 17 billion over a...

At the end of 2014, the pension funds in Brazil held a portfolio of R$ 672 billion. About 45% of these resources are owned by the three largest entities of the country, namely, Previ, Petros and FUNCEF. This article aims to analyze in detail the evolution of the portfolios of these three...

This paper presents an exploratory analysis of the institutional arrangement of the Fund of Investment of Guarantee of the Time of Service (FI-FGTS, in Portuguese) with the main objective of assessing the institutional configuration and the operational performance of FI-FGTS. This instrument was...

This paper evaluates the strategy of growth cum foreign savings adopted by many emerging countries, and its consequences. Bresser-Pereira and Nakano (2003) points out that there is in emerging countries a high rate of substitution of foreign and domestic savings during the process of influx of...

This paper analyzes the evolution of the share of imported intermediate goods in the production process and its influence on the share of manufacturing in value added for the Brazilian economy, covering the period span 1995-2008. In a first step, we estimate input-output matrices, at constant...

This study aims to investigate the patterns and patterns of distribution of funds from the National Bank for Economic and Social Development (BNDES) on industry and infrastructure, with emphasis on the sectorial and regional vectors of its performance in Brazil. The approach is based on the use...