This paper aims to examine the evolution of currency risk exposure of Brazilian corporations, especially exporting companies, from the 2008 crisis, when several companies suffered substantial losses due to the decline of the real. We analyze their financial based on the usage of derivatives, as...

The objective of this study is to evaluate the costs and benefits of different demand risk sharing rules for road infrastructure concessions, from the point of view of the economic attractiveness of the projects for the concessionaire and the price reduction for users. The traffic trajectory of...

This study analyzes the recent trajectory and regional characteristics of electricity consumption among low-income families in Brazil, using data from beneficiaries of the Tarifa Social de Energia Elétrica (TSEE) program. It also seeks to assess the impacts of restrictive measures and...

The present study aims to analyze the Brazilian and international experience in introducing mechanisms for sharing demand risks in road infrastructure concession contracts to increase the safety and attractiveness of projects for private investments. The model adopted by Chile is discussed in...

This article examines the world military expenditures in the period 1991-2009, based on an exploratory analysis about the institutional and economic factors that affected the defense budgets in the countries with the largest military expenditures in the world. Furthermore, there is a comparative...

The paper discusses the main challenges and opportunities for attracting both private domestic and foreign capital to foster the growth of concessions projects in the infrastructure sector, and proposes solutions from the Brazilian recent experience and other emerging economies. Given the...

This paper investigates the price elasticity of Brazilian residential electricity demand for 2012-2016. The estimations use random and fixed effects panel data and impulse response function in a VAR/VECM model for time series analysis. Furthermore, we analyze the consumers in two categories, Low...

This study seeks, in a preliminary way, to evaluate national and international experiences in the use of cross-subsidies applied to transport infrastructure concessions with less commitment from the public budget. Alternatives to the adopted concession models are analyzed, such as the use of...

The aim of this study is to discuss the resurgence of the Brazilian defense industry in the last decade. It analyzes the recent historical trend and the prospects created for its companies from the resumption of government policies towards the defense sector, as well as the challenges posed to...

The purpose of this work is to present the main models for sharing demand risks in infrastructure concessions and discuss their advantages and limitations, as well as possible obstacles to their implementation in Brazil in light of the country's legal system and regulatory structure. We argue...