This report, developed under the World Bank’s technical assistance program “Financial and Private Sector Development Policies for Fostering Sustainable Growth in Brazil,” examines strategies for strengthening disaster risk financing in response to floods. It provides an overview of federal...

This report examines the design and implementation of Devolve ICMS, a state-level personalized value added tax (VAT) cashback program in Rio Grande do Sul, Brazil, through the lens of the World Bank’s G2Px framework. Using administrative data, a representative beneficiary survey, and...

How do import tariffs affect employment? We develop an empirical strategy to identify the effects of tariffs using difference-in-differences, comparing anti-dumping (AD) investigations resulting in dumping tariffs to those not resulting in dumping tariffs. We find that an AD tariff decreases...

Local content policies (LCPs) are key instruments of industrial policy used by middle-income countries (MICs) to capture segments of global value chains (GVCs). While, in principle, LCPs are very similar, in practice, they are highly diverse. What to prioritize, how to measure it, while...

The goal of this study was to measure and map the agricultural expansion areas for temporary and permanent crops from 1995 to 2023 at the Mato Grosso's microregion level. Data from IBGE were employed, and the methodological approach encompasses three quantitative stages. The results highlight 19...

We estimate the impact of infrastructure investment on conflict using 163 hydroelectric dams in Brazil (2002–2022). Leveraging the staggered rollout of construction in a difference-in-differences framework, we find that dams trigger sharp, temporary surges in land invasions, water disputes,...

This paper studies how improvements in regulatory information systems affect credit allocation in rural financial markets. In 2021, the Central Bank of Brazil introduced major enhancements to the Rural Credit Bureau, first by integrating geospatial data on borrowers’ plots with national...

The rise of fintech lenders has intensified competition in the banking industry. This study utilizes Brazilian bank-level data to examine the causal impact of increased competition on commercial banks’ lending rates and profitability. Employing a bank-specific Bartik exposure, constructed from...

Does industrial activity drive deforestation and land degradation, and can limited state capacity be overcome to decouple economic growth from environmental harm? We examine these questions in the context of slaughterhouse plant openings in Brazil from 1994 to 2019. Guided by a simple conceptual...

Conditional cash transfer (CCT) programmes aim to break the intergenerational transmission of poverty by fostering human capital accumulation among children in vulnerable households. However, due to data limitations, evidence on their long-run effects remains scarce. This paper contributes to...

The purpose of this Discussion Paper is to present the potential monitoring of SDG 11 implementation in Brazil, based on existing indicators and data within the country, as well as those indicators defined for the group of participating countries that present their national reports. The 10...

Marine Spatial Planning (MSP) is an internationally known tool for organizing and governing marine spaces and activities, economic or otherwise, carried out in these spaces. Being a public process of mapping and analyzing the maritime area that involves multiple interests, actors and factors, it...

The opportunistic use of insider information generates adverse effects on capital markets, making its mitigation through robust corporate governance practices. This research analyzes the corporate governance mechanisms that reduce the signs of opportunistic insider trading, grounded in the...

We study the causal effect of maternal criminal victimization on child health using linked police reports and birth records from Brazil. Focusing on robbery and theft - everyday crimes not involving physical injury - we show that victimization during pregnancy increases low birthweight by 6.9...

This paper proposes a novel assessment of the Kuznets curve for an underdeveloped country engaging in rapid late development. We mobilize new long-run data for Brazil, combining surveys, administrative records, and national accounts statistics, to compute macro-consistent income shares and other...

This study explores the complex relationship between information pollution, polarisation, and democracy in Brazil, a country that has recently experienced both democratic erosion and a pivotal democratic "U-turn". Information pollution - the dissemination of false, misleading or harmful...

Today, the relationship between Brazil and Chile can be characterized by three aspects: i) Brazil and Chile have a bilateral relationship with a regional vocation; ii) Brazil has an integral presence in Chile; and iii) a progressive reduction in distances and an increase in connections (physical...

Health economics (HE) is a relatively new field of knowledge, whose structuring began in the early 1960s, although studies on the intersection between economics and health date back to earlier periods. Considering the contributions of this field to the improvement of the Brazilian health system...

The goal of this study was to measure and map the agricultural expansion areas for temporary and permanent crops from 1995 to 2022 at the Piauí's County level concerning the Matopiba space. Data from IBGE were employed, and the study is based on the Embrapa's technical note (Miranda, Magalhães...

The modern digital public sphere requires effective content moderation systems that balance the interests of states, technology companies, and the public. This article examines how two pieces of legislation establish regulatory intermediaries in an attempt to strike this balance: the EU's...

Teacher turnover is a major challenge for human resource management in schools, adversely affecting student learning. We examine the impact of a monetary incentive program introduced in 2022 in the city of Sao Paulo, Brazil, which aims to reduce teacher turnover by allocating wage premiums...

The study examines the shift in taxation of open-ended fixed-income funds in Brazil from a realization basis to an accrual basis (locally known as come-cotas), which was introduced in 1998 and more recently extended to include private closed-end funds and offshore trusts through the enactment of...

This article provides a comprehensive analysis of labor earnings volatility in Brazil between 2012 and 2023. During this period, Brazil's economy experienced intense economic growth followed by large recessions, allowing us to assess changes in volatility over the business cycle. In addition,...

The objective of this discussion paper is to examine the geoeconomic landscape following the 2025 election of Donald Trump, focusing on the expansion of protectionism, its repercussions for food security, and its impacts on global value chains, particularly within agribusiness and sectors...

At the end of 2022, Brazil's National Land Transport Agency (ANTT) launched a public hearing on the proposal for a new risk allocation model in road infrastructure concession contracts. This study illustrates, using the real options methodology, how the proposed design modifies the concession's...

Today, the relationship between Brazil and Chile can be characterized by three aspects: i) Brazil and Chile have a bilateral relationship with a regional vocation; ii) Brazil has an integral presence in Chile; and iii) a progressive reduction in distances and an increase in connections (physical...

We examine the indirect effects of the US-China trade war on Brazil’s labor market. Using industry-specific tariff changes and the sectoral employment distribution across local labor markets, we construct a measure of regional exposure to the trade conflict. Following higher exports to China,...

Purpose - Focusing on the Brazilian equity mutual fund industry, this study analyzes whether including the investor sentiment index in asset pricing models is important for explaining fund alpha. Design/methodology/approach The investor sentiment index and risk factors in the Fama and French...

Conditional Cash Transfers (CCTs) have become a key antipoverty policy in Latin America in the last 25 years. The ultimate goal of this kind of programs is to break the intergenerational transmission of poverty through the promotion of human capital accumulation of children in vulnerable...

This paper explores how female political leaders impact environmental outcomes and climate change policy actions using data from mixed-gender mayoral races in Brazil. Using a Regression Discontinuity design, we find that, compared to male mayors, female mayors significantly reduce greenhouse gas...

Efficient and sustainable human resources are crucial for promoting development in emerging nations. Brazil's education policy provides its citizens with widespread educational opportunities, resulting in high literacy rates. However, women with academic qualifications and skills often encounter...

This study presents a blueprint for an early‐stage business model focused on repurposing second‐life electric vehicle (EV) batteries for solar‐energy storage in Bottom of the Pyramid (BoP) markets. Addressing the critical need for affordable and sustainable energy solutions there, the...

The intensifying global race in Artificial Intelligence (AI) forces nations to walk a tightrope, balancing the drive for rapid innovation against the imperatives of fairness, safety and inclusivity. This tension is reflected in recent high-level international summits and the diverging regulatory...

This paper explores how female political leaders impact environmental outcomes and climate change policy actions using data from mixed-gender mayoral races in Brazil. We rely on a Regression Discontinuity design that compares municipalities where women narrowly won the election with those where...

The ability of countries in Latin America to achieve net zero greenhouse gas (GHG) emissions by mid-century, the target set by the Paris Agreement, will depend critically on citizen support. To gauge this support, we administered a contingent valuation survey to representative samples in seven...

Purpose - In the current context of change, leadership is significant in developing employees' commitment to change. In this work, the authors analysed the relationship between inclusive leadership and commitment to change and the mediating effect of job satisfaction between inclusive leadership...

Poverty is a global problem associated with deprivation; it is marked by the lack of access to the minimum social needs for people's integration and well-being. This work aims to measure the relationships between multidimensional poverty and unidimensional poverty in Brazil from 2016 to 2022....

Purpose: The paper examines the impact of market power on wages within the context of a developing country, focusing on Brazil. Design/methodology/approach: With access to matched employer-employee data from Brazil, we first characterized the evolution of the local labor market concentration...

The Small Farming National Support Program (Pronaf) was established by Resolution No. 2.191 in 1995. Here, the goal was to conduct a non-exhaustive review of the Program, focusing on potential improvements and further evaluations of the Program. Eighty published studies from 2019 and 2023 were...

Building upon the argument that factor endowments influence distributional outcomes, this paper examines the consequences of the China shock to global food markets for economic inequality in Brazilian municipalities from 1985 to 2020. I propose a new identification strategy that exploits...

Os gastos com transporte constituem uma parte expressiva dos orçamentos públicos municipais no Brasil. Tradicionalmente concentrados em investimentos de capital voltados à infraestrutura viária, os recursos têm sido progressivamente redirecionados para o custeio da operação dos sistemas...