The Brazilian state is often viewed as inefficient and captured by economic interest groups and bureaucratic elites, leading to crony capitalism and clientelism. This has hindered the implementation of growth-inducing economic policies and contributed to a decline in productivity and economic...

The Brazilian state is often viewed as inefficient and captured by economic interest groups and bureaucratic elites, leading to crony capitalism and clientelism. This has hindered the implementation of growth-inducing economic policies and contributed to a decline in productivity and economic...

The theme of economic development has always had an important role at the center of macroeconomic research, meanwhile microeconomic environment; uncertainty has its due prominence. However, few authors develop these issues jointly, although the uncertainty holds an important role in decision...