This paper employs local regression to estimate the output elasticity with respect to labor, human capital, physical capital and the elasticity of scale for 90 countries in 1985 and 1995. The results support the hypotheses of constant returns to scale to factors and decreasing returns to...

This paper investigates the price transmission in the world market for soybeans using time series econometrics models. The theoretical model developed by Mundlack and Larson (1992) is based on the Law of the One Price, which assumes price equalization across all local markets in the long run and...

This article presents the intellectual trajectory of Roman Rosdolsky, highlighting his contributions to the interpretation of Marx's works and to the historical studies.

This article examines the evolution of sectoral employment in Brazil between 1949 and 2010, using structural decomposition analysis of the input-output model. The data base was selected from the decennial matrices for the 1959/2000 period and from figures referring to 1949 and 2010; these were...

Given that several countries have adopted inflation targeting, and that the main objective of this regime is to function as a guide for the inflationary expectations of economic agents, transparency in the handling of the monetary policy becomes a prerequisite for the success of this regime....

Neoclassical theory assumes perfect knowledge. In turn, Hayekian criticism of this theory affirms that this knowledge is the result of the competitive process, and therefore cannot be considered as a given. The "Hayek Problem" investigates the conditions under which agents knowledge approaches...

This paper presents a framework for the development of Participatory Budgeting assessment models that make it possible to verify whether this new budgeting practice accomplishes the goals of its designers, and whether it is a better alternative to the budgeting tools set forth in the 1988...

Analysis of the service sector from the standpoint of clusters is not common in the literature. Such an analysis is a challenge in and of itself, since the service sector covers a broad range of activities, with different market dynamics and trajectories, making generalization difficult. This...

The literature on industrial and regional economics is full of cases studies of local productive agglomerations. A significant part of the empirical studies on this subject have concentrated on the analysis of existing productive agglomerations. In contrast, there are few studies that attempt...

The blockage of financial asset liquidity in March 1990, known as the Collor Plan - one of the most drastic state interventions in the Brazilian economy ever -, originated in the debate over the failure of previous stabilization policies, especially the heterodox shocks of the Sarney government....