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The purpose of this paper is to determine which components of public spending have influence on economic growth. The sample is composed by the Brazilian states over the period 1986-2002. Initially the spending is classified according its economic characteristics: current or capital. Later it is...
Persistent link: https://www.econbiz.de/10005085774
O processo de privatização dos bancos estaduais ocorrido no Brasil durante a década de 1990 – as circunstâncias em que se deu, as implicações econômicas, sociais e políticas, o impacto sobre a centralização-concentração bancaria, entre outras questões -, continua ainda um campo...
Persistent link: https://www.econbiz.de/10012315565
The main goal os this paper is to understand on theoretical and empirical grounds the main determinants of China´s long … analysis provides empirical support for the primary role played by the exchange rate in explaining China´s economic growth … road to explain (past and future) economic growth in China and the conditions for increasing exchange rate flexibility, an …
Persistent link: https://www.econbiz.de/10005032324
Persistent link: https://www.econbiz.de/10010330787
Persistent link: https://www.econbiz.de/10003929868
The aim of this paper is to show theoretically and empirically that undervalued real exchange rate has positive effects over economic growth on developing countries. We analyze the relationship between growth, exchange rate and productive heterogeneity by means of a Keynesian-Structuralist...
Persistent link: https://www.econbiz.de/10008738802
The aim of this paper is to evaluate the role of the manufacturing sector in the development process through the first two laws of Kaldor. The first states that the higher the growth of industrial output, more significant is the growth rate of the product of the economy as a whole. The second...
Persistent link: https://www.econbiz.de/10011372167
Financial constraints on Brazilian firms are very high compared to advanced economies. In Brazil, 59% of firms have access to a bank loan or a credit line. In developed countries, the average percentage is 95%. Loan collateral requirements are much higher in Brazil (95% of the loan value) than...
Persistent link: https://www.econbiz.de/10012146737
Financial constraints on Brazilian firms are very high compared to advanced economies. In Brazil, 59% of firms have access to a bank loan or a credit line. In developed countries, the average percentage is 95%. Loan collateral requirements are much higher in Brazil (95% of the loan value) than...
Persistent link: https://www.econbiz.de/10011904565
The aim of this paper is to evaluate the role of the manufacturing sector in the development process through the first two laws of Kaldor. The first states that the higher the growth of industrial output, more significant is the growth rate of the product of the economy as a whole. The second...
Persistent link: https://www.econbiz.de/10010408466