In this paper we assess the current relevance of Ricardian theory. Relative prices, labor costs, and productivity are evaluated as determinants of a country's international competitiveness at the industry level. Working with detailed data on unit values and with industry data on productivity, we...

Brazilian agriculture has undergone a process of transformation in recent decades, being featured on the world agricultural production at both the production and productivity. The United States are characterized as highlighted in the agricultural world, therefore, is a reference for comparison...

This study analyses how the set of products Brazil exported to the United States was similar with that of China between 2000 and 2008 and also compares the quality and variety of their exports. Using product-level import data from United States, this study estimates the export similarity,...

Information flows across international financial markets typically occur within hours, making volatility spillover appear contemporaneous in daily data. Such simultaneous transmission of variances is featured by the stochastic volatility model developed in this paper, in contrast to usually...

We employ a comprehensive matched employer-employee data set for Brazil to analyze wage determinants and compare results to Abowd, Kramarz, Margolis and Troske (2001) for French and U.S. manufacturing. Returns to education and experience in Brazilian manufacturing exceed those of the other...