This paper uses the fact that there are different accesses to financial markets in Brazilian counties to test the hypothesis that finance development has a positive impact on GDP growth, through some cross section regressions. The advantages of such tests with respect to those relying on cross...

A integração entre pequenas e grandes empresas pode ter um papel importante no fomento ao desenvolvimento do Nordeste. Há uma série de benefícios sociais decorrentes dessas integrações, que no Nordeste podem ser particularmente importantes por causa da existência de uma dualidade elevada...

Uma das grandes contribuições de Keynes (1936), na Teoria Geral, foi a sua ênfase no papel das expectativas dos empresário quanto ao futuro na determinações do investimento agregado. Apenas as taxas de juros n\'e3o seriam suficientes para tal determinações e mais do que tudo a maior...

This paper presents a growth model that incorporates the social capital as a growth determinant. Social capital enters the model through its potential reduction in the risk perceived by agents, when making investments decisions. The key feature of the model is that firms pursue an inter-temporal...

This paper presents a simple Neoclassical Growth Model in which technological change is endogenous and saving behaviour affects long-term equilibrium growth, despite its simple structure and reliance on all standard Neoclassical assumptions. The only relevant difference between this model and...

This paper presents a demand and supply model of the determinants and manufacturing exports from Brazil, for the period 1965-88. Previous studies are reviewed and the model proposed is elaborated in the basis of this review. The model which in the end is estimated is distinguished from the...

This paper develops the hypothesis that the co-existence of state owned banks with privately owned banks together tends to raise interest rates spreads and profitability of privately owned banks. This hypothesis can help explain the relationship between the share of state owned banks and total...

This paper relies on the logic of the fishing market in Pernambuco to show that it is not necessary neither to bear on irrationality of agents nor to disregard the inner market incentives to understand the recent shortcomings faced by the fishing industry in this State. It is argued that such an...

In this paper the literature on state owned banks and on the determinants of high spread and profitability of Brazilian banks are briefly reviewed. Then the paper proceeds to forward the hypothesis that the way state owned banks have interacted with public owned banks in the market is partially...