The Constitutional Funds were established by art. 159, item I, paragraph c of the Federal Constitution of 1988 with the objective of contributing to the "reduction of inequalities" existing between the peripheral regions of the North, Northeast and Center-West vis-à-vis the central regions of...

This discussion paper analyzes the catching-up and leapfrogging strategies implemented in China as a mechanism to overcome the middle-income trap. For this, it adopts the theoretical and methodological framework of the sectorial innovation system and the technological catch-up according to the...

The aerospace sector is highly strategic and symbolizes the economic, technological and geopolitical power of a country. In order to develop "national champions", China has developed policies and strategies for various industries. Thus, while these policies successful, it was possible to notice...

This paper tries to test wether an equalized productive sector change of a Brazilian indirect tax (in Portuguese, Imposto sobre Produtos Industrializados - IPI or, in English, Manufacturing Goods Tax) impacts the labour productivity of each sector. The conclusion is the following: there is no...

We propose and implement an index of macroeconomic vulnerability to foreign shocks based on a structural time-varying bayesianVARwith a block-exogeneity hypothesis for a given pair of a large economy and a small open economy. The index is based on the sum of the responses of the small open...

This paper studies a central bank's optimal interest rate corridor choice in the presence of an endogenous interbank network. We first provide a characterization of the unique equilibrium of banks' liquidity holdings for any network of credit lines. Then, we endogenize the network and show that...

We investigate the effects of extreme weather events on voicing political opposition against authoritarian regimes. We use the Brazilian general elections of 1982 as a case study. At the time, Brazil was under a military dictatorship that promoted local and gubernatorial elections to validate...

The study aims to estimate amounts of investment in the geographic microregions of the North, Northeast and Midwest regions, the preferred territorial scale of the National Regional Development Policy (PNDR). To this end, it is fundamentally based on series of public credit data from regional...

This study aims to verify the effect of the download data transmission rate on the degree of satisfaction of consumers of fixed broadband internet access, evaluating whether this relationship is adequately explained by the three characteristics which, according to prospect theory (Kahneman e...

Schooling attendance improved significantly in Brazil, mainly for primary schooling. Attendance levels however are still deficient at secondary level; where dropout levels also worries policy makers. This paper aims to estimate the wage premium for secondary education attained by young workers...