High trade costs make it difficult to fully exploit comparative advantages and reduce the level of income. This paper estimates the cost of trade and its main determinants in the period 1995-2015 using information on domestic sales and exports by destination country of the input matrix product...

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...

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...

Neste artigo admitimos que o fluxo de capital externo para o Brasil subordina-se auma decisão de investimento cujo nível de risco depende da taxa esperada de perda dereservas internacionais. Isso foi motivado pela estimação que fazemos de uma relaçãoempírica entre essas duas variáveis...

Neste trabalho, avaliamos os impactos econômicos de longo prazo na economiabrasileira de três medidas integrantes da reforma do sistema tributário: atransformação parcial da Contribuição para o Financiamento da Seguridade Social(Cofins) em uma contribuição sobre o valor adicionado, a...

In this paper we show how a social accounting matrix (SAM) for Brazil, for the year 2003, was constructed. In it, 39 activities, 39 products, 6 types of labor, and 11 family income classes are represented. This matrix will be used to update the computable equilibrium model (CGE) of the Brazilian...

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,...