The main aim of this paper was to analyse the existence of Kuznets hypothesis for the Brazilian Municipalities from 1991 to 2000. The empirical strategy was based on three steps. The first one consists in testing the quantile specification proposed by Racine (2006). The second was to use the...

The technological and institutional environment influences the way of doing research and the relationships between its participants. Intellectual property is a strategic issue to build the institutional framework of the new technological regime and therefore the dynamics of innovation in...

The paper estimates a panel-VAR using data on total expenditures, tax receipts and overall grants received for 5.544 Brazilian municipalities observed from 2002 through 2010. A sequence of hypotheses was investigated by the means of overidentification test statistics. Among our main findings, we...

In this work we consider modeling the past volatilities through a Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model using the Bayesian approach. Asymmetries in the shocks are accommodated by smooth transition models for the variance. We discuss problems related to the...

This paper investigates the price elasticity of Brazilian residential electricity demand for 2012-2016. The estimations use random and fixed effects panel data and impulse response function in a VAR/VECM model for time series analysis. Furthermore, we analyze the consumers in two categories, Low...

The paper estimates a panel-VAR using data on total expenditures, tax receipts and overall grants received for 5.544 Brazilian municipalities observed from 2002 through 2010. A sequence of hypotheses was investigated by the means of overidentification test statistics. Among our main findings, we...

In this work we consider modeling the past volatilities through a Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model using the Bayesian approach. Asymmetries in the shocks are accommodated by smooth transition models for the variance. We discuss problems related to the...

The technological and institutional environment influences the way of doing research and the relationships between its participants. Intellectual property is a strategic issue to build the institutional framework of the new technological regime and therefore the dynamics of innovation in...

Korean Abstract: 최근 들어 투자자의 심리상태의 변화가 주가수익률과 변동성에 효과를 미칠 수 있다는 행태재무학적 접근 방법이 관심을 끌고 있다. 본 연구에서는 행태재무학적 접근 방법을 토대로 우리나라의 날씨가...

Korean Abstract: 중앙은행은 통화정책 수단을 통해 인플레이션 조절 및 여타 경기조절 등과 같은 경제 목표에 대응하게 된다. 이때 통화정책의 가장 중요한 수단 중 하나는 이자율 정책으로, 통화정책을 실물 경제로 파급시키는...