How much do developing countries benefit from foreign investment? We contribute to this question by comparing the employment and wage practices of foreign and domestic firms in Brazil, using detailed matched firm-worker panel data. In order to control for unobserved worker differences, we...

Line item veto, a feature present in most American States, gives the governor the power to veto single appropriation items from the budget. Its effects on the tax level, however, are still controversial in the empirical and theoretical literature (cf. Holtz-Eakins (1988) and Besley and Case...

Although the improvement accomplished in the external accounts and the Brazilian economic growth in recent years, it would be incorrect to conclude that the external restriction is not important to determine the economic growth rate in longer periods of time. The maintenance of the Brazilian...

Since 1998, the public investment in the Brazilian fundamental education has been organized by the FUNDEF (Fund for Maintenance and Development of Fundamental Education and Valorization of Teaching). One of the goals of this fund is to assure resources for the public investment in fundamental...

Pelos dados da Wal Mart, a Companhia tinha, no início de 2004, 1.478 Lojas de descontos, 1.471 Supercenters, 538 Sam’s Clubs e 64 Mercados de vizinhança nos EUA. Em outros nove países operava 982 Lojas de descontos, 257 Supercenters, 80 Sam’s Clubs e 36 Mercados de vizinhança,...

This paper discusses the empirical evidence on deindustrialization in Brazil, which is compared with the case of Parana. The study suggests that the participation of industry has fallen in Brazil, and discusses the implications of this trend for long run growth. On the other hand, a different...