Summary The wave of privatization in the 1980s and 1990s increased productivity of many previously state owned enterprises (SOEs). However, governments often do not have sufficient support to privatize SOEs. We provide evidence that threatening privatization and market competition (entry of new...

The wave of privatization in the 1980s and 1990s increased productivity of many previously state owned enterprises (SOEs). However, governments often do not have su±cient support to privatize SOEs. We provide evidence that threatening privatization and market competition (entry of new firms)...

This article has two objectives. The first is to show the impact of distortionary taxes during a period of the economic cycle in Brazil. The second is to show that an explanation for output to grow slower than productivity is the increase in taxes on productive factors: capital and labor. To...

In this paper we study the behavior of aggregate investment in the Brazilian economy from 1970-1998. There are two periods when investment has a big increment in Brazil. The second half of the 70s, when investment grew faster than before mainly due to the increment of public investment...

The wave of privatization in the 1980s and 1990s increased productivity of many previously state owned enterprises (SOEs). However, governments often do not have sufficient support to privatize SOEs. We provide evidence that threatening privatization and market competition (entry of new firms)...

In the beginning of the eighties the Brazilian growth rate of per capita GDP fell abruptly. In this paper we ask if this fall can be ex-plained by the behavior of technological progress (measured by Total Factor Productivity or TFP). Our main conclusion is that the behavior of TFP can fairly...

competitiveness.