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...

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...

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...