In this paper, we extend the usual models of irreversible investment under uncertainty by introducing the stock of public capital as an input for the private sector. Public investment takes place in a stochastic environment. Public capital then increases the productivity of private capital which...

There is long tradition in the economic literature that recognizes learning and the diffusion of new ideas and technologies as one of major drivers for growth, especially in developing countries. However, while adopting a new technology mainly involves cost, some technologies may also be human...

The availability of innovation surveys as Pintec provides better understanding about the innovation process and shall contribute to better design of public policies aiming at the boast in the innovation activities. This work exploits the Brazilian innovation survey, Pintec, departing from the...

This paper analyses risks and opportunities related to the management and the allocation of wealth derived from the exploitation of natural resources in Brazil. We first discuss natural resources curse hypothesis and present some examples to deal with its negative effects based on the...