This study investigates the productivity of Brazilian manufacturing industries, particularly addressing the influence of liberalization on productivity. We first calculate total factor productivity (TFP) by estimating the stochastic frontier production function and the inefficiency determination...

Aunque el desarrollo económico de Japón posguerra ha sido un resultado complicado de varias causas, se podrá prestar una atención especial a las políticas industriales, las cuales se han considerado como uno de los factores esenciales del éxito económico logrado. En este documento se...

This study examines how a firm's characteristics, perceived competition intensity and constraints in the domestic market affect the intensity of its exports in a transition country that is pursuing export-led growth strategies. Specifically, we employ a cross-sectional micro-data set derived...

Regional integration such as NAFTA, MERCOSUR and FTAA have been flourishing in Latin American countries in the 1990s. In addition to these multi-countries FTAs, many bilateral FTAs have also emerged both among Latin American countries and between them and extra-regional countries. The purpose of...

In the second half of the 1990s, many Asian and Latin American countries suffered from the currency crises. But the causes and processes of currency crisis are not necessarily the same, though there are many common aspects. The purpose of this paper is to compare the currency crises in both...

The objective of this paper is to understand the Brazilian inflation targeting policy under the flexible exchange rate system. Brazil was in a circumstance so-called "fiscal dominance". For instance, the Brazilian country risk suddenly jumped due to the market perceptions about the presidential...