Suchergebnisse

The paper proposes a panel model to the determinants of capital flow volatility to a group of 18 emerging market economies (EME) in the period of 2000 to 2011. It studies the robustness of the model regarding different volatility measures; analyses several types of gross capital inflow; focusing the role of government institutional quality and the development of domestic financial system (banks, insurance companies, and capital markets – stocks, bonds and derivatives). The EME analyzed represented roughly 95% of the Emerging Markets Bond Index Global – EMBIG in January 2013, being the biggest destination to international capital flow to EME according to the report of the Bank for International Settlements - BIS (2009). The main conclusion suggests that a reduction of capital flow volatility can be achieved by the adoption of policies that improve government institutional quality and promote development, stability and efficiency of the domestic financial system. ; O artigo propõe um modelo de painel para os determinantes da volatilidade do fluxo de capital para um grupo de 18 economias emergentes no período de 2000-2011. Avaliamos a robustez do modelo em relação a diferentes medidas de volatilidade e a vários tipos de fluxo de entrada de capital; e enfatizamos o papel do desenvolvimento do sistema financeiro doméstico e da qualidade institucional do governo. Os emergentes analisados representavam em Janeiro de 2013 aproximadamente 95% do índice EMBIG, além de constituírem as maiores economias emergente para destino do fluxo de capital internacional segundo relatório do Banco de Compensações Internacionais - BIS (2009). Os principais resultados sugerem uma redução da volatilidade do fluxo de capital mediante adoção de políticas voltadas para melhorias na qualidade institucional do governo e que promovam o desenvolvimento, estabilidade e eficiência do sistema financeiro doméstico.

The objective of this study is to analyze the determinants of private investment, especially private participation in infrastructure, focusing on the institutional quality of emerging economies. The emerging economies analyzed (Argentina, Brazil, China, Chile, Colombia, India, Indonesia, Malaysia, Mexico, Paraguay, Peru, Philippines, Russia, South Africa, Turkey, Ukraine, Uruguay and Venezuela) accounted for approximately 80% of the EMBIPLUS index and 60% of the EMBIGLOBAL index, reference indexes of the J.P. Morgan bank correspond in August 2016. The results show that most of the institutional variables analyzed, in particular, economic freedom and regulatory quality, actually explain the number of projects and the investment figure with private participation in infrastructure for the group of emerging economies analyzed in the period 1990-2015 even controlling for liquidity and global risk shocks.

This paper analyses the impact of increases in the price of two primary products - coffee and cocoa - on the growth of the national and regional economies in Brazil. It aims at explaining the factors that have determined salutary effects in the coffee region and negligible effects in the cocoa region. The results suggest that only a partial answer can be found in the nature of these products, as proposed by the "staples" approach. The largest effects seem to be connected with some social and macroeconomic characteristics prevalent in these economies during the boom period

This note presents some considerations about the difficulty to understand the transmission mechanism of monetary policy. This difficulty becomes even more accentuated in cases of economies experiencing a change in an environment from high to low rates of inflation. In this paper the Brazilian case is analized. (Rev Econ Polit/DÜI)

Based on the realities of the cities of São Paulo, Brasilia, Fortaleza and Belém, the author explores the dynamics that characterize the activities of the national economy in the period of globalization. As big city economies are increasingly based in information and finance activities, work is changing and more is being carried out with reduced capital

"Wide-ranging collection of short essays analyzes the serious social, economic, and political problems currently affecting Amazonia. Themes include structuring of space and regional economies; environmental policies and sustainable development; indigenous organizations and political movements; education and Amazonian identity; and the 'internationalization' of Amazonia (militarization, narcotraffic, and rural violence)"--Handbook of Latin American Studies, v. 57

The euro has been tested by the emergency of the economic & financial crisis that begun in 2007. The impact on the single currency was so strong that is common to doubt its endurance as the currency of the European economies. With the increasing of the current crisis & the differences within the eurozone two questions emerge: if the single currency is a reasonable project & if is a stable & durable project. Adapted from the source document.

This paper presents Latin American & Asian perspectives on the biofuels emerging industry. The Brazilian's possibilities of participation on this industry evolution & the involvement on the world trade for ethanol & biodiesel are discussed. Also, an investigation about who will be the main "strategic" partners of Brazil in this sector is made: the huge consumer markets of developed countries or the emerging & also hungry consumers of energy Asian economies? Tables, Graphs. Adapted from the source document.

This article aims to contribute to the debate of the creative economy (EC) without context of sustainability, a little explicit association found since the early writings. The means of identifying interrelationships between the terms used in the literature to define EC [creative class, creative city, creative education, culture, economics (s) and cultural and creative sciences] and eight dimensions of sustainability (environmental, social, economic, cultural, technological, ethical, territorial and political), where the terms set forth another meaning. It was concluded that a relationship between creative and sustainable paradigm is a consequence, rather than a first intention, proclaimed paradigm break in the twentieth century models of modern development. ; Este artigo tem como objetivo contribuir para o debate da economia criativa (EC) no contexto da sustentabilidade, uma associação pouco explícita que se encontra desde os primeiros escritos. O faz por meio da identificação de inter-relações entre termos utilizados na literatura para definir EC (classe criativa, cidade criativa, educação criativa, cultura, economia(s) e indústrias culturais e criativas) e oito dimensões da sustentabilidade (ambiental, social, econômica, cultural, tecnológica, ética, territorial e política), onde os termos encontram outro sentido. Conclui-se que a estreita relação entre o paradigma criativo e o sustentável é uma consequência, mais do que uma intenção primeira, da proclamada quebra de paradigma nos modelos de desenvolvimento moderno do século XX. ; Este artículo tiene como objetivo contribuir al debate de la economía creativa (EC) en el contexto de la sostenibilidad, una asociación que es presiente pero no explícita desde los primeros escritos. Lo hace identificando las interrelaciones entre los términos utilizados en la literatura para definir EC [clase creativa, ciudad creativa, educación creativa, cultura, economía (s) e industrias culturales y creativas] y ocho dimensiones de la sostenibilidad (ambiental, social, económico, cultural, tecnológico, ético, territorial y político), donde los términos encuentran otro significado. De ello se deduce que la estrecha relación entre los paradigmas creativo y sostenible es una consecuencia, más que una intención primaria, del cambio de paradigma proclamado en los modelos de desarrollo modernos del siglo XX.

The purpose of this article is to use the integration of Spain & Portugal into the European Union as an opportunity to reflect on what has happened to both countries since 1986. It examines the integration process & how it has affected political, economic & social developments in Portugal & in Spain over the last two decades. It identifies the basic changes in the economies & societies of Portugal & Spain that occurred as a result of European integration. Tables, Figures, References. Adapted from the source document.

This article discusses Cepal's approach on the role of foreign capital in the industrialisation process of Latin America during the fifties. The first section provides a synthesis of Cepal's vision on the structural changes in the main Latin American economies. The second section shows how the international capital was understood by Cepalinos as an alternative way of financing development, in opposition to the radical schemes that were proposed by nationalists and the left. The concluding section summarizes the main points of the paper

The process of globalization, the emergence of new technological paradigms, the increasing introduction of market mechanisms in the economies and the formation of regional trade blocs, have brought about deep productive restructuring amongst the various sectors of human activity. This work attempts to present the major aspects of a new world scenery characterized by the introduction of processes of productive flexibilization and the creation of new industrial spaces by conducting a case study of restructuring in the shoe industry in Brazil. (Rev Econ Polit/DÜI)