The main objective of this study is to assess the quality of municipal spending of the State of Ceara in education and health. Using the non-parametric methodology data envelopment analysis, efficiency rates are estimated, considering indicators of input and product. To do so, a bias correction...

Portuguese Abstract: O presente estudo tem por objetivo principal analisar o esenvolvimento educacional na região metropolitana de Natal, Rio Grande do Norte, por meio do índice IDEB numa sequência bienal composta por três períodos (2005, 2007 e 2009). Como suporte metodológico, nesta...

A bootstrap algorithm proposed by Psaradakis (2001) for hypothesis testing in I(1) regressions is discussed and shown to be valid only under the null hypothesis. A simple correction making the procedure valid under both the null and the alternative hypothesis is proposed.

The scientific practice, in the several social sciences, cannot be implemented without the researcher clearly defines in depth the theoretical and meta-theoretical foundations that underpinning the research. Similarly, the unambiguous understanding of the concepts, in view of the...

Portuguese abstract: O BNDES durante mais de 60 anos foi o responsável principal pelo financiamento de projetos de longo prazo. Nascido da extinta CMBEU, o Banco Nacional de Desenvolvimento Econômico (ainda sem o S de sustentável) tinha como tarefa promover liquidez para investimentos...

The article discusses the factors influencing the market capitalization of a company. Using data on the thousand largest companies in Europe, taken from the 2009 EU Industrial R&D Investment Scoreboard, the analysis focuses on the impacts of net sales value of each company, investment in...

This paper discusses the sign of the expected measurement error in discretionary accruals (DAC) estimates when accrual models do not control for the asymmetric treatment of gains and losses underlying conservatism. I find that DAC in firms with “bad news” are expected to be understated...

Este artigo avalia a sustentabilidade da política fiscal do Rio Grande do Sul a partir de um modelo de correção de equilíbrio com mudanças Markovianas de regime. São estudadas as dinâmicas de curto e de longo prazo da política fiscal do Estado no período compreendido entre 1970 e 2007....

The general equilibrium models got importance at the 70's for pointing tendencies that were, until that moment, not experienced by economics. One example was first petrol crisis which econometric models could not predict based on temporal series. On the other hand, the general equilibrium models...

Due to the difficulties that the bank activity presents in a financial institution. And when using the dividend discount model in the evaluation of banks, appears the problem of not being able to estimate the net capital expenses and the working capital noncash. Considering that, this work has...