This paper presents the main issues involved in estimating potential output. The objective is to describe the alternative methods and analyze their application and implications for growth forecasts and macroeconomic policy in Brazil. The text emphasizes the determinants of potential output under...

The last 20 years were a period of major political, economic, social, and institutional reform in Brazil. In the first half of the 1990s, reformers opened the economy to foreign trade and both direct and portfolio investment, sold off a number of large and traditional state-owned enterprises,...

This research develops an expanded unified growth theory that incorporates the endogenous accumulation of physical capital, population, human capital, and technology. The model incorporates a complementarity between physical capital and human capital and can be extended to a multi-country...

We analyze the cross-national distribution of GDP per capita and its evolutionfrom 1970 to 2003. We argue that peaks are not a suitable measure for distinctgrowth regimes, because the number of peaks is not invariant under strictlymonotonic transformations of the data (e.g. original vs. log...

During a global shock two forces act upon international remittances in opposite directions: income losses among migrants may reduce their ability to send remittances and, at the same time, migrants' concern for their family's wellbeing may prompt them to send more remittances back home. Which of...

Is there any interrelationship between firm level FDI in the form of cross border Mergers & Acquisitions and capital markets growth and quality? We addressed this question using panel data of cross border M&A for nine emerging economies. Our study period goes from 1987 to 2006. We find that the...

Das Discussion Paper beinhaltet Erkenntnisse zur Besteuerung russischer Agrar-Holdings in Russland. Eingangs werden ausgehend von der deutschen Rechtslage die Begriffe Holding, Agrar-Holding und Agrar-Industrie-Holding definiert. Nachfolgend werden Elemente der Steuerplanung durch die russischen...

Dieser Forschungsbericht beinhaltet die Ergebnisse einer Untersuchung von 200 Familienbetrieben im Osten Georgiens im Distrikt Sighnagi in der Kakheti-Region Ende 2001/Anfang 2002. Sie dienten dem Ziel, Erkenntnisse über die wirtschaftliche Situation georgischer Familienbetriebe sowie zum Teil...

В дискуссионном материале № 34 представляются ресультаты анкетирования по вопросам собственности и рентабельности в 100 крупных сельскохозяйственных пред-...

Im vorliegenden Discussion Paper 32 werden Untersuchungsergebnisse zu den Eigentumsverhältnissen und zur Rentabilität in 100 russischen Großbetrieben vorgelegt, die im Jahre 2000 mittels Befragungen im Gebiet Wolgograd gewonnen worden sind. Sie ordnen sich in die Forschungsarbeiten zur...