This report evaluates and compares the evolution and the determinants of the capital structure of Brazilian firms, with a particular emphasis on external financing. One of its main conclusions is that country factors are nearly as important as firm level factors. Industry factors are not very...

The study assesses the key challenges and opportunities for securitization of public assets as a way to foster investment in the infrastructure sector in Brazil and to improve the domestic capital market. The securitization of public assets offers advantages for public financing of...

This paper debates some dilemmas involved in today`s Brazilian industrial policy. First, I will explain the current industrial policy debate in Brazil, stressing the dilemmas involved in supporting the development of technology-intensive sectors in a highly diversified economy led by low and...

Investment Screening Mechanisms (ISM) are legal rules created to control and assess the entry of direct investments from foreign jurisdictions. This discussion paper is premised on the observation of a marked increase in the institutionalization and implementation of ISM in recent years,...

The present study examines which changes in financial instruments are recommended or have been made since then to enable expansion of investments with greater private sector participation in project financing. Such changes may be in the legislation of infrastructure debentures, the taxation of...

This article is a contribution of the Institute for Applied Economic Research (Instituto de Pesquisa Econômica Aplicada - Ipea) to the evaluation of the My House My Life Program (Minha Casa Minha Vida - PMCMV) carried out within the scope of the Public Policy Monitoring and Evaluation Council...

This paper debates some dilemmas involved in today`s Brazilian industrial policy. First, I will explain the current industrial policy debate in Brazil, stressing the dilemmas involved in supporting the development of technology-intensive sectors in a highly diversified economy led by low and...