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 objective of this paper is to estimate the length of poverty spells and its determinants. We analyze if short-term changes in the labor market affect the probability of staying in poverty. On the assumption that poverty transitions occur more frequently when we use a monthly data rather than...