O presente trabalho pretende calcular efeitos de bem estar associados a alterações na estrutura tributária brasileira que tenham como objetivo compensar a queda de receita relacionada à redução da segnioriage. A ideia é fixar a receita do governo a um nível que garanta o seu equilíbrio...

The initial endogenous growth models emphasized the importance of externaI effects in explaining sustainable growth across time. Empirically, this hypothesis can be confirmed if the coefficient of physical capital per hour is unity in the aggregate production function. Although cross-section...

As perspectivas de longo prazo da economia brasileira são examinadas tomando como referência principal a chamada Teoria do Crescimento Endógeno. Estudaremos a situação daquelas variáveis onde já há consenso de sua importância para o processo de desenvolvimento. O artigo mostra que o...

Este artigo se propõe a investigar em detalhes as fragilidades dos modelos neoclássicos tradicionais de crescimento e sua superação pela nova literatura teórica de crescimento endógeno. Mais do que uma simples survey, estudaremos a necessidade, para a existência de equilíbrio , de...

After more than forty years studying growth, there are two classes of growth models that have emerged: exogenous and endogenous growth models. Since both try to mimic the same set of long-run stylized facts, they are observationally equivalent in some respects. Our goals in this paper are...

Initial endogenous growth models emphasized the importance of external effects and increasing retums in explaining growth. Empirically, this hypothesis can be confumed if the coefficient of physical capital per hour is unity in the aggregate production function. Previous estimates using time...

This article studies the determinants of the labor force participation of the elderly and investigates the factors that may account for the increase in retirement in the second half of the last century. We develop a life-cycle general equilibrium model with endogenous retirement that embeds...

Due to several policy distortions, including import-substitution industrialization, widespread government intervention and both domestic and international competitive barriers, there has been a general presumption that Latin America has been much less productive than the leading economies in the...

We investigate the role of sectorial differences in labor productivity and the process of structural transformation (reallocation of labor across sectors) in accounting for the time path of aggregate productivity across six Latin American countries (Brazil, Chile, Argentina, Colombia, Mexico and...