This paper shows how a dynamic multisector equilibrium model can be foraulated to be able to analyze the optimal borrowinG policy of a developing country. It also describes how a non-linear programming model with the proposed features was constructed for Brazil. And discusses the optinal...

A specification for the demand for money in economies where inflation is high and stochastic is presented. It uses a generalized functional form and includes the variance of the inflation rate as an explanatory variable, and is estimated for Brazil in the period 1974/94 under the assumption that...

In this paper we model foreign capital flow to Brazil as stemming from an investment decision that whose risk depends on the expected rate of loss of foreign reserves. This motivates the estimation of an empirical relationship between these two variables that is valid for "normal" periods (when...

This paper analyzes the performance and the specialization pattern of Brazil's exports compared to a selected group in emerging countries - China, South Korea, India, Mexico and Russia - in 1996-2007, based on the sophistication level of exported goods according to the methodology of Hausmann,...

This study analyses how the set of products Brazil exported to the United States was similar with that of China between 2000 and 2008 and also compares the quality and variety of their exports. Using product-level import data from United States, this study estimates the export similarity,...

Tax evasion in Brazilian imports has been an issue of concern for the customs authorities. This problem is addressed here using the theoretical approach of defining evasion as the difference between the value of exports of other countries to Brazil and value of imports reported by Brazil. This...

Estimates of the impacts on imports due to trade agreements depend fundamentally on the elasticity of substitution between imports from different foreign suppliers. This paper estimate the elasticity of substitution for Brazilian imports, for 42 sectors of input-output table for 2005,...

This paper describes the process of trade liberalization in the telecommunications industry implemented from the mid-1990s and examines how such a measure, which allowed foreign capital an important role in the control of operators, associated with the privatization program affected the...