In this analysis, I estimate the impact of the changing relative size of the adult male population, classified by age and education groups, on the earnings of employed males living in 502 Brazilian local labor markets during four time periods between 1970 and 2000. The effects of shifts in the age distribution of the working age population have been studied in relation to the effect of the baby-boom generation on the earnings of different cohorts in the United States. However, the question has received little attention in the context of the countries in Asia and Latin America, which are now experiencing substantial shifts in their age-education distributions. Taking advantage of the huge variation across Brazilian local labor markets, the models in this research suggest that age-education groups are not perfect substitutes, so that own-cohort-education size depresses earnings, as expected by the theory. Compositional shifts are influential, attesting that this approach represents a fruitful way of studying this central problem in economic development, going beyond the effects normally analyzed by formal labor market equations. / text

Submitted by Filipe dos Santos (fsantos@pucsp.br) on 2018-07-18T11:46:53Z No. of bitstreams: 1 Valder Jadson Costa Alves.pdf: 1712521 bytes, checksum: 0862bc9be47f8b143cec3caa378fb1b4 (MD5) / Made available in DSpace on 2018-07-18T11:46:53Z (GMT). No. of bitstreams: 1 Valder Jadson Costa Alves.pdf: 1712521 bytes, checksum: 0862bc9be47f8b143cec3caa378fb1b4 (MD5) Previous issue date: 2018-05-07 / Coordenação de Aperfeiçoamento de Pessoal de Nível Superior - CAPES / Development and dependence in Brazil is an subject controversial today yet. Identifying the moorings and bottlenecks that does not allow us to provide a dignified life to all our nationals is a subject studied for more than a century, since the creation of the national academy. This paper aims to reinterpret Brazilian historiography, from the Proclamation of the Republic to the period of Neoliberalism, under the methodology of dialectical historical materialism, with the purpose of elucidating the real and theoretical evolution of Brazilian dependent capitalism. It begins with the Proclamation of the Republic because it is understood here that Brazilian critical thinking developed along with the development of the specifically capitalist mode of production in the country. The Proclamation of the Republic being soon after the abolition of slavery and, therefore, a milestone in the capitalist relations of production. It was also the moment when the state passed into the hands of the national bourgeoisie directly. The extension of the temporal clipping to the present period of neoliberalism is done to elucidate the transformations of the world and national economy that took place during this period and of how the developmental economic theory was presented before it. Understanding Dependency Theory as a critique of developmentalism, the heart of this paper deals with the analysis of this theory, in its main currents - the Marxist Theory of Dependency and the Dependency Theory of Cardoso and Faletto - looking to identify the most accurate analysis after 50 years of its initial elaborations. It is concluded that, despite the appearance of development in the short term, sustained, above all, by the State's effort to promote development, the dependent capitalism, as an alternative development, failed. Thus, the initial thesis of André Gunder Frank, the Development of Underdevelopment in the relation between peripheral countries and central countries, remains alive, maintaining itself as a starting point for the explanation of the national reality / Desenvolvimento e dependência no Brasil é um assunto tão polêmico quanto atual no país. Identificar as amarras e gargalos que não nos permite proporcionar uma vida digna a todos os nossos nacionais é tema estudado pelo menos a mais de um século, deste o surgimento da academia nacional. Este trabalho tem por objetivo reinterpretar a historiografia brasileira, da Proclamação da República ao período de Neoliberalismo, sob a metodologia do materialismo histórico dialético, com o intuito de elucidar a evolução real e teórica do capitalismo dependente brasileiro. Inicia da Proclamação da República porque se entende, aqui, que o pensamento crítico brasileiro se gestou junto ao desenvolvimento do modo de produção especificamente capitalista no país, ocorrendo logo após a abolição da escravidão foi um marco no aprofundamento das relações capitalistas de produção. Também foi o momento em que o Estado passou para as mãos da burguesia nacional diretamente. A extensão do recorte temporal ao período atual, de neoliberalismo, se faz para elucidar as transformações da economia mundial e nacional que ocorreram ao longo desse período e de como a teoria econômica desenvolvimentista se portou diante dela. Entendendo a Teoria da Dependência como uma crítica ao desenvolvimentismo, o coração deste trabalho trata da análise desta teoria, em suas principais correntes – a Teoria Marxista da Dependência e a Teoria da Dependência de Cardoso e Faletto – vislumbrando identificar a análise mais acertada após 50 anos de suas elaborações iniciais. Conclui-se que, apesar da aparência de desenvolvimento no curto prazo, sustentada, sobretudo, pelo esforço do Estado para a promoção do desenvolvimento, o capitalismo dependente, enquanto alternativa de desenvolvimento, fracassou. Desse modo, a tese inicial de André Gunder Frank, a de Desenvolvimento do Subdesenvolvimento na relação entre países periféricos e países centrais, permanece viva, mantendo-se como ponto de partida para a explicação da realidade nacional

Submitted by Maria de Lourdes Mariano (lmariano@ufscar.br) on 2017-01-04T12:22:56Z No. of bitstreams: 1 ALVES_Victor_2015.pdf: 67661218 bytes, checksum: ad2f507db9f8e0aee0b811fd05ab9c16 (MD5) / Approved for entry into archive by Maria de Lourdes Mariano (lmariano@ufscar.br) on 2017-01-04T12:23:09Z (GMT) No. of bitstreams: 1 ALVES_Victor_2015.pdf: 67661218 bytes, checksum: ad2f507db9f8e0aee0b811fd05ab9c16 (MD5) / Approved for entry into archive by Maria de Lourdes Mariano (lmariano@ufscar.br) on 2017-01-04T12:23:17Z (GMT) No. of bitstreams: 1 ALVES_Victor_2015.pdf: 67661218 bytes, checksum: ad2f507db9f8e0aee0b811fd05ab9c16 (MD5) / Made available in DSpace on 2017-01-04T12:23:24Z (GMT). No. of bitstreams: 1 ALVES_Victor_2015.pdf: 67661218 bytes, checksum: ad2f507db9f8e0aee0b811fd05ab9c16 (MD5) Previous issue date: 2015-03-20 / Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq) / Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES) / The benefits and the costs of the monetary policy alternatives have been debated trough decades, without a consensus of how it should be conducted. The most common instruments are, between other, the interest rate, the money supply and monetary reserves. In the last twenty five years, the generalized adoption of inflation targeting evidenced that monetary policy had been based only on the interest rates, and the new regime demanded measurement on inflationary expectations and inflation sensibility on interest rate changes. However, the monetary aggregates observed signs brought back the discussion of its use as an instrument, since the European Central Bank (ECB) had put weight on the aggregates behavior to its monetary policy decisions. Besides it, Brazilian monetary policy neglects the usage of the monetary aggregates as suggested by the ECB. Therefore, this thesis aims to verify the effects of monetary shocks from Divisia and simple sum monetary aggregates on Brazilian product and inflation considering the period between February 1980 and December 2013. Each asset that compose the monetary aggregates were weighted by its opportunity cost obtaining the Divisia monetary aggregates indexes. Vector auto regression models (VAR) were estimated to study the relationship among variables. Specially, Divisia monetary aggregates showed higher sensibility in each economic scenario considered, even with similar behavior to the simple sum intensities. This seems to be intensely observed on the Divisia monetary aggregates impulse response functions. So, considering the weighted monetary aggregates, the impacts on the product and price level seems to be sensible to the economic scenario according to each economic scenario particularity. / A indecisão quanto a melhor forma de condução da política fez com que a literatura debatesse durante décadas os benefícios e custos das alternativas de política monetária. Os instrumentos mais comuns são, entre outras alternativas, a taxa de juros, a oferta de moeda em circulação e as reservas da autoridade monetária. Nos últimos vinte e cinco anos, a adoção generalizada do regime de metas de inflação mostrou que a política monetária ficou calcada apenas nas taxas de juros, com desdobramentos sobre a aferição das expectativas de inflação e a sua sensibilidade em relação às taxas de juros. Todavia, os sinais observados a partir dos agregados monetários possibilitaram a rediscussão do uso de agregados, já que o Banco Central Europeu (BCE) passou a atribuir significativo peso sobre os agregados monetários para as decisões de política. Apesar de tal fato, a política monetária no Brasil desconsidera o uso de tais agregados na magnitude sugerida pelo BCE. Assim, a presente dissertação tem como objetivo verificar os impactos dos choques monetários, medidos por alterações nos agregados monetários, sobre os preços e sobre o produto da economia brasileira para o período de fevereiro de 1980 a dezembro de 2013. Considerou-se uma ponderação de cada ativo que compõe os agregados monetários, sendo o peso representado pelo custo de oportunidade associado a sua manutenção. Modelos vetoriais auto regressivos (VAR) foram estimados, considerando a relação entre as variáveis e suas especificidades. Os agregados monetários ponderados, de fato, apresentaram comportamento distinto do observado em soma simples, principalmente entre as décadas de 1980 e 1990, dado o cenário econômico da época. As funções impulso resposta apresentaram comportamento semelhante, mas com intensidades diferentes, ou seja, ao considerar os agregados ponderados os impactos da oferta de moeda sobre a inflação e o produto se mostraram sensíveis ao cenário econômico de cada período considerado.

This research examines the effects of democratization and political performance on the functional distribution of income in Argentina and Brazil from the end of their authoritarian periods to the present. The existing literature tends to focus on the impacts of democratization and political performance on the economic growth of the country as a whole or on changes to per capita income. This analysis focuses on the equality of economic development in less developed countries because growth is not necessarily distributed equally and poverty and inequality are both endemic to many less developed countries and also negatively impact development as a whole as well as the consolidation of democracy. To examine the effects of democratization and political performance on the shape of economic development, this thesis utilizes the Polity IV index as a measure of democracy, Relative Political Extraction as a proxy for political performance, and labor's share of national income as a measure of income inequality. Theoretically, a more democratic regime should enact policies that allow for a more equitable distribution of income because democratization increases popular representation and makes the provision of public goods preferable to the provision of private goods. Similarly, a regime with higher political capacity should be better equipped to enact whatever policies and development strategies it chooses, thereby reducing income inequality if the regime deems equitable development a priority. The main finding of this research is that political performance has had a significant impact on the shape of economic development in Argentina and Brazil, whereas the effect of democratization on the shape of development is less clear. A stronger, more effectively performing government will be better able to deliver equitable development regardless of its level of democracy than will a poorly performing government of any type.

This thesis attempts to analyze the market response of stock prices of major U.S. banks to the February, 1987 Brazilian loan default announcement. The study's general hypothesis is that the market revalued stock prices according to each bank's amount of Brazilian loan exposure. The first chapter examines the significance of the default announcement. A survey of related literature is presented in the second chapter. Chapter III specifies the methodological techniques involved in analysis of the data. Chapter IV reports the findings of the study. Conclusions about the results are drawn in Chapter V. The results indicate the market is efficient. They also suggest that individual exposure was the major determinant of bank stock price decline.

This research looks at social policy making in Venezuela and Brazil with the objective of alleviating poverty, with special focus on meeting Millennium Development Goals (MDGs) that were set in 2000. Considering the leftist democratic governments that have been established in Latin America since Hugo Chávez was elected president in 1998, and later with Luiz Inacio Lula da Silva in 2002, the research seeks to understand and illustrate what nuances exist in strategy, ideas and implementation of social policy that would positively affect the underprivileged for a more equal and just society. The two countries have deep historical and structural inequalities from slavery, colonialism, imbalanced distribution of resources and like most developing nations of the Global South, have had to endure structural adjustments that have entrenched poverty levels further. Arguments in the past have been made for economic prosperity and economic growth as good indicators for development, however, the research takes a comparative analysis on how Venezuela (through Barrio Adentro and multiple state driven Missions) and Brazil (state supported Bolsa Familia and Universal Health System), have targeted health and education as the primary sectors not just to transform society but also because it is through these sectors that the most effective and efficient manner to measure human development which has thus far been neglected. The research also examines the leadership of the countries which speaks to the differing approaches adopted, style, rhetoric and political realities; and how they have been received not just domestically, but also internationally. The outcomes of the research illustrate a good link between literacy, education and health and a healthy level of state intervention that requires reciprocal social participation for programmes to succeed. Brazil and Venezuela have shown notable creativity and effectiveness in this regard.

Esta dissertação analisa os determinantes do investimento na economia brasileira no período compreendido entre 2003 e 2008, com enfoque teórico na teoria das restrições financeiras. Para efetuar tal análise, esse trabalho apresenta as principais teorias do investimento presentes na literatura, assim como os principais trabalhos que abordam a questão da relevância ou não da estrutura de capital no financiamento do investimento, com destaque àqueles que inserem a assimetria informacional no escopo teórico. Em seguida, são apresentados os trabalhos que defendem a importância da restrição financeira na determinação do investimento da firma. Para enriquecer a argumentação, é feita uma análise histórica da trajetória da taxa de investimento brasileira e da estrutura de capital das empresas nacionais, e um resumo dos principais trabalhos que estudaram os determinantes do investimento na economia brasileira, com destaque para os que incorporam as restrições financeiras. Por fim, a partir de dados de balanços patrimoniais e segregando a amostra por porte da empresa, um modelo de dados de painel é desenvolvido para testar a hipótese de restrição financeira nas firmas brasileiras de mercado aberto no período. / This dissertation analyzes the determining factors for investment in the Brazilian economy over the 2003-2008 period, with a theoretical focus on financial constraints. To conduct such analysis, this paper presents the main investment theories in the available literature, as well as the main papers that address the issue concerning the relevance, or not, of capital structure in financing investment, highlighting those that insert informational asymmetry into the theoretical scope. Following this are the works that defend the importance of financial constraints when deciding on a company’s investment. For a more in-depth examination, an historical analysis is carried out on the course not only of the Brazilian investment rate, but also of the capital structure of Brazilian companies. In addition, a summary of the main papers containing studies on the determining factors for investment in the Brazilian economy is presented, highlighting those [papers] that incorporate financial constraints. Finally, based on data from balance sheets and taking samples per company-size, a panel-data model is developed to test the hypothesis of financial constraints in publicly-listed Brazilian firms in the period in question. / Dissertação (mestrado) - Universidade Federal do Rio de Janeiro. Instituto de Economia, Rio de Janeiro, 2010 / Bibliografia: p. 88-94

A presente pesquisa tem por objetivo apresentar a trajetória profissional de José Garrido Torres e, a partir dela, compreender o debate em torno do desenvolvimento econômico no Brasil entre o início dos anos 1940 e a primeira metade da década de 1970. Investigamos a produção intelectual e as atividades desempenhadas por Garrido Torres em diversos órgãos públicos e privados, no Brasil e no exterior, e, através dela, pretendemos discutir de que maneira uma determinada proposta de modernização econômica e social trouxe consigo uma clara proposta política calcada na luta contra o comunismo, o totalitarismo, através da disseminação de valores que pregavam a reestruturação da economia brasileira e suas formas de financiamentos tendo em vista os pressupostos da livre iniciativa. Examinamos ainda, como se articulou um projeto de modernização que se consolidou no aparato do Estado brasileiro a partir do golpe civil-militar de 1964. Tal projeto, sistematicamente discutido a partir da formação do IPES, é fundamental para o entendimento do conjunto de reformas colocadas em práticas após o golpe de Estado. / This research aims to present the professional career of José Garrido Torres and, from it, understand the debate on the economic development in Brazil between the early 1940s and the first half of the 1970s. We investigated the intellectual production and the activities performed by Garrido Torres in various public and private institutions in Brazil and abroad. We intend to discuss how a specific proposal for economic and social modernization has brought a clear policy proposal squashed in fight against communism, totalitarianism, through the dissemination of values they preached the restructuring of the Brazilian economy and its forms of financing in view of the assumptions of free enterprise. We have also audited, as articulated a modernization project that was consolidated in the Brazilian state apparatus from the civil-military coup of 1964. This project, systematically discussed from the formation of the IPES is fundamental to understanding the set of reforms put in practice after the coup. / Bibliografia: p. 133-139 / Autorizado a reprodução e divulgação total ou parcial deste trabalho, por qualquer meio convencional ou eletrônico, para fins de estudo e pesquisa, desde de que citada a fonte. / Texto em português e resumos em inglês e português