Moncarz, Pedro Esteban; Barone, Sergio Victor - In: International Journal of Emerging Markets 15 (2019) 5, pp. 1029-1060
Purpose: Brazil, a large developing economy whose main exports consist of primary commodities, benefited greatly from the boom in commodity prices during the first decade of the current century. However, with a large share of its population with low and very low incomes, there is a potential...