This paper estimates the primary structural budget balance (eliminating the effects due to cyclical fluctuations in GDP and oil price) for the central government and public administrations from 1997 to the second quarter of 2010. Some adjustments were made on the IMF methodology to account for...

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 Discussion Paper deals with the institutional and economic aspects of the Brazilian federative state according to the 1988 Constitution. The context of vertical coordination of urban infrastructure investments is then examined. Previous studies have shown that the benefits of economic...

This paper analyzes federal transfers to not-for-profit organizations (NPOs) in the past twelve years in Brazil. We analyze four points: i) the variations in terms of absolute amount of resources transferred to NPOs from the federal government; ii) the proportion of NPOs transfers relatively to...

The common sense remarks that Brazilian public service has a chronic oversize, a characteristic of a patronage and entrenched patrimonialism and partisanship. This paper shows evidences that refute this common sense. In addition, the paper offers recommendations and proposals to overcome this...

This paper provides a survey of the methodologies for estimating the structural budget balance and the fiscal impulse, which highlights the recent international literature spread by European Commission studies (Havik et al., 2014; Carnot e Castro, 2015). From this theoretical background, the paper...

The objective of this text is to present and address the spending on medicines of the Brazilian Public Health System (SUS) from 2010 to 2016 in a budgetary perspective. The analysis was based on the budget execution of the Ministry of Health and the health departments of the states, the Federal...

This paper provides historical perspectives on regional economic inequalities in Brazil. It analyzes the changes in the spatial concentration of economic activities based upon data on the municipal distribution of the labor force by occupation from the Censuses of 1872 and 1920. The New Economic...

The aim of this paper is to analyze if specific characteristics of host countries contribute to explain foreign investment in research and development. We have estimated two step selection models to explain the decision and the level of R&D investment by multinational companies in Brazil,...