This paper presents empirical evidence of short and long-run predictability in stock returns for European transition economies. We employ Variance Ratios with a bootstrap methodology to test for short-run predictability, which is present in most countries. We also estimate Hurst exponents to...

This study aimed to analyze the existence of asymmetric transmission of prices in the Brazilian gasoline market following a regional approach, using a disaggregated data set for the period between May 2004 and February 2011. The main result finds evidence of symmetric price transmission in...

Issues like structural breaks and misspecification biases make it difficult to find a term structure of interest rates forecast model that dominates all competitors. Focusing on Brazilian data, this paper aims to identify the existence of combining methods that provide superior performance than...

This work examines the determinants of the capital structure of Brazilian companies between the years 2000 and 2009. Based on quantile regression model and on the comparison with conventional models (least squares and fixed effects), the work provides better understanding of capital structure to...

This study investigates to which extent results produced by a single frontier model are reliable, based on the application of data envelopment analysis and stochastic frontier approach to a sample of Chinese local banks. Our findings show they do produce a consistent trend on efficiency scores...

Este trabalho objetiva contribuir para a tomada de decisões de alocação de recursos públicos no âmbito do Poder Legislativo federal. O foco foi a construção de critérios que pudessem eleger, em cada microrregião, as câmaras municipais com maior poder de difusão e influência no...

This paper introduces a new location model, which the main difference from mostalready presented in the literature is the explicit modeling of the synergy amongactivities of an industrial cluster. This model is introduced to study a real problem ofcompany allocation in a region located between...

This paper verifies the performance of the Barro and Gordon (1983) model to explain the US inflation since the early 1950s. We divide the period from 1951:2 to 2010:2 according to each chairman of the Federal Reserve (FED). In addition, we consider aggregated periods, represented by pre-Volcker,...