The paper carries out an exploratory analysis of the determinants of the level of investment of manufacturing firms in Brazil, from 1996 to 2006. The exercise departed from the premise that investment responds both to internal and external factors, such as the sector in which each firm is...

Although it is a little known fact the Convention no 158 of International Labor Organization (ILO) which prohibits the dismissal of an employee without cause ruled in Brazil from 10 April to 20 November 1996 and thereby providing an excellent opportunity to evaluate the effect of regulation on...