This article intend to analyze the process of the economic growth and income distribution in an environment where technological progress and the basic rate of interest are endogenous and the money, via credit offer, has a preponderant role in the determination of economic dynamics. In this...

Capital acumulation, capacity utilization and inflation: an analisys based in a non-linear post-keynesian macrodynamic model - The aim of this article is to analyze the effects of inflation on capital accumulation and on the degree of capacity utilization within the ambit of post Keynesian...

We estimate DEA (Data Envelopment Analysis) technical efficiency scores for 1170 Brazilian hospitals included in the SUS (Central Health System) using a recently proposed method that combines bootstrap and jackknife resampling to eliminate the influence of outliers and possible measurement and...

The paper presents a post-keynesian growth model in which (i) the mark-up rate varies in the long-term due to a misalignment between the actual rate and the 'anticipated' profit rate; and (ii) the capital-output ratio is not necessarily constant, on the contrary, it may shift as a result of the...

We apply and test term structure fitting models like polynomial splines, flat forward and Nelson-Siegel to the Brazilian local term structure. They are models used all over the world by authorities and financial markets practitioners but less known locally. These models were tested with a large...

Due to the difficulties that the bank activity presents in a financial institution. And when using the dividend discount model in the evaluation of banks, appears the problem of not being able to estimate the net capital expenses and the working capital noncash. Considering that, this work has...

The Brazilian capital market has been in the last 10 years a attractive space for negotiations and opening of company’s capital. The early studies of market anomalies that are looking for evidence on reasons of understatement and overstatement at the time of the IPO in Brazil date back to...

This paper examines how regulatory interventions can affect the market risk of electricity utilities and telecom carriers traded in the Brazilian stock market. Our article uses a bivariate Generalized AutoRegressive Conditional Heteroskedasticity (GARCH - BEKK) model to analyze the impact of two...

Capital stock in residential structures, as well as the distribution of its appropriation and ownership among families are fundamental determinants of the wealth, welfare and productivity of the economy. As part of a broad project on the stock of capital of the Brazilian economy in the 20th...

Asset price fluctuations: comparing rational speculative bubbles and the keynesian approach The principal aim of this paper is to analyze the limits of the conventional approach to speculative rational bubbles as an explanation for price fluctuations in financial assets. It is argued that the...