Ao contrário do que sugerem a teoria econômica tradicional e a sabedoria convencional de boa parte dos macroeconomistas brasileiros, estudos recentes indicam que a elasticidade-câmbio das importações nacionais é baixa. Este trabalho procura racionalizar o referido resultado revisitando as...

Information and communication technologies (ICT) are spreading fast across Latin America and the Caribbean. This trend has brought about important economic and social changes, which have largely gone unmeasured until recently. Here, analysts from the United Nations Economic Commission for Latin...

Este artigo apresenta uma metodologia de estimação dos fluxos de investimento em nível setorial para o Brasil, entre 2000 e 2009, por meio de matrizes de absorção de investimento (MAIs). Foram estimadas MAIs para a economia como um todo e segundo a origem dos produtos (nacional ou...

Ricardo and Marx saw technological change as a possible cause of long-period unemployment. Neoclassical and Schumpeterian economists regard technological unem ployment as a transitory phenomenon. This paper argues that the capital critique (i) demolishes the neoclassical claim that market...

This article analyses the ways in which the recent structural evolution of the Brazilian industrial sector has been profoundly influenced by rapid sequential changes in the microeconomic and macroeconomic policy environment. As Brazil moved towards greater openness and macroeconomic stability in...

This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly,...

In order to discuss the ‘rational foundation’ of certain aspects of Quesnay´s theory we use a simple formalization of the necessary connections between assumptions about the techniques in use, the distribution of income between the classes and sectors, the system of relative prices. We...

In this paper we discuss some essential features of the balance of payments position of the country which issues the key currency in different international monetary standards. The analysis is made from a Sraffian standpoint, where the monetary rate of interest of the central country is seen as...