The literature of international economy recognizes the importance of political factors over the national economy's performance and over the likelihood of external crises. Some recent studies analyze the impact of these factors over the financial crises and speculative attacks, but little has...

The purpose of this paper is to use the literature which evaluates the external sustainability condition to evaluate the original equation of Feldstein and Horioka. We conclude that the saving-investment correlation calculated using cross-sectional data measures the solvency condition instead of...

This article uses a new dataset about some "cidades satelites" in the Distrito Federal State. WE use these data to estimate a mincer equation and infer about spatial discrimination in the Distrito Federal labor market. We find severe wage punishment against individuals that live in Taguatinga...

We apply the random fields framework proposed by Durlauf (1997) and Brock and Durlauf (2001) to a non-cooperative game of binary choices. We extend their model to allow for a more general distribution of the economic agents heterogeneity, in accordance with Glaeser and Scheinckman (2001). We...

We estimate DEA (Data Envelopment Analysis) technical efficiency scores for 1170 Brazilian hospitals included in the SUS (Central Health System) using a recently proposed method that combines bootstrap and jackknife resampling to eliminate the influence of outliers and possible measurement and...

The objective of this paper lies in identifying Stiglitz's main theoretical contributions to Financial Economics. It is shown that he made material headway in the following issues: (1) the Modigliani-Miller theorem, (2) the efficient market hypothesis, (3) the microeconomic effects of...

In this paper, we examine the determinants of workers' mobility across the formal and informal sector of the Brazilian economy, end from these to the states of unemployment, self-employment and inactivity in the 1980s and 1990s, using longitudinal data from Monthly household surveys for 6...

This paper studies rural-urban migration in Bolivia. Domestic migration usually works as an equalization mechanism, in which regions with fewer economic opportunities send migrants to more dynamic regions. We model the migration decision and take into account the possibility of self-selection...

This work has as objective to analyze the supposed existing positive relation between financial development and economic growth. The financial system influences the economic growth due to the functions that it plays, such as: ) the mobilization of resources; b) allocation of the resources in the...

The aim of this paper is to analyze the convergence in the growth rates among Brazilian States in the period 1988-2001. In addition to the traditional variables used in the studies about convergence, Brazilian States credit indicators were included, which is the very innovation of this study....