Fixed Capital has a major role in economic growth literature and on the estimation of potential output using a production function - which is essential to design macroeconomic policy. One of the main contributions of this work, differently from the previous works, is to estimate the capital...

The main objective of this work is to assess the challenges to be faced by Brazil to become a full member of the Organisation for Economic Co-operation and Development (OECD) in terms of tax rules related to controlled foreign companies, transfer pricing, thin capitalization, and mandatory...

This technical paper estimates the deductions on tax credits in Brazil for health care during 2003 and 2006. Subsidies for private health insurance are the focus of this study. It seems to be a contradiction between the redistribution model in the Constitution and the level of public spending on...

The public policies on mass transit and other economic policies have been unable to avoid increasing mass transit costs and urban bus fares, which places a burden on a majority of the population depending on public transit. This study analyzes the variations in urban bus fares and households...

The growing demand for urban infrastructure and public services provided in decentralized way in Brazil, combined with the recent fiscal crisis caused by the economic recession and governmental transfers reduction, has increased the debate about the own municipal taxes strengthening, where the...

The Brazilian tax system places undue emphasis on indirect taxes - which comprise over 51% of its gross tax burden. The country's insistence on taxes on goods and services (indirect taxes) - to the detriment of taxes on income and property (direct taxes) - undermines the real application of the...

From 2002 to 2016 National Bank of Economic and Social Development (BNDES, in Portuguese) financed a total amount of US$ 14 billion for 14 engineering Brazilian companies. Exporting construction services was executed in 11 countries located in Central America, South America and Africa, Angola...

This paper debates on modernization of Brazilian agriculture, presents the construction process of the sector's national innovation system and the role of Empresa Brasileira de Pesquisa Agropecuária (Embrapa), as well as shows Brazil's competitive insertion in the international market 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...