cometadata/datacite-titles-descriptions-related-identifiers huggingface dataset:
DOI: 10.6084/m9.figshare.14319566.v1
title: Chile, entre el Neoliberalismo y el Crecimiento con Equidad

description: ABSTRACT During Pinochet’s dictatorship deep reforms were implemented in Chile. Certainly, many of them constituted permanent achievements for development strategies in democracy. However, economic growth between 1973 and 1989 was mediocre (averaging only 2.9% annually) and income distribution deteriorated notably. This was related to the fact that the reforms suffered from various flaws that had severe repercussions on the growth of potential GDP and on social welfare. In the 1990s, the governments of the Concertación launched several reforms to the reforms with the goal of injecting “pragmatism”. It focused on decreasing macroeconomic vulnerability when faced with an increasingly volatile external environment and on completing underdeveloped domestic markets. The result of the set of reforms to the reforms was that, during the entire decade, there was an unprecedented vigorous expansion of productive capacity (which averaged 7% per year), along with a significant reduction in poverty (from 45% to 21% of population). A recessive gap in 1999-2001, however, highlighted failures, increasing contradictions and the lack of greater reforms to the reforms.
DOI: 10.6084/m9.figshare.14319569
title: An institutional vision for public debt in Brazil

description: ABSTRACT The purpose of this article is found a theoretical apology to the debt public allocation on agents’ finance wealth given the successive defaults enforced by public sector to debt public demanding.
DOI: 10.6084/m9.figshare.14319569.v1
title: An institutional vision for public debt in Brazil

description: ABSTRACT The purpose of this article is found a theoretical apology to the debt public allocation on agents’ finance wealth given the successive defaults enforced by public sector to debt public demanding.
DOI: 10.6084/m9.figshare.14319570
title: Sectorial specialisation in East Asia and Latin America compared

description: ABSTRACT East Asian countries have been successful at specialising in machinery and capital goods. Latin American countries, on the other hand, have retreated from these sectors, reinforcing their specialisation in resource-intensive goods. Institutional arrangements in place in both regions explain these divergences. In particular, the differences in the strategy and structure of leading firms, the nature of industrial promotion by the government, the development and support of small and medium-sized firms and the operation of foreign-owned firms may explain the respective success and failure in sectoral specialisation in machinery. Failure to develop these sectors may hinder the process of economic development.
DOI: 10.6084/m9.figshare.14319570.v1
title: Sectorial specialisation in East Asia and Latin America compared

description: ABSTRACT East Asian countries have been successful at specialising in machinery and capital goods. Latin American countries, on the other hand, have retreated from these sectors, reinforcing their specialisation in resource-intensive goods. Institutional arrangements in place in both regions explain these divergences. In particular, the differences in the strategy and structure of leading firms, the nature of industrial promotion by the government, the development and support of small and medium-sized firms and the operation of foreign-owned firms may explain the respective success and failure in sectoral specialisation in machinery. Failure to develop these sectors may hinder the process of economic development.
DOI: 10.5281/zenodo.4639616
title: CLiPS Stylometry Investigation (CSI) Corpus

description: The CSI corpus is a yearly expanded corpus of student texts in two genres: essays and reviews. The purpose of this corpus lies primarily in stylometric research, but other applications are possible. There is a vast amount of meta-data available, both on the author (gender, age, sexual orientation, region of origin, personality profile) and on the document (timestamp, genre, veracity, sentiment, grade). The current version of the corpus was assembled in February 2016. Previous versions of the corpus are available from the authors via e-mail request.
DOI: 10.5281/zenodo.4639615
title: CLiPS Stylometry Investigation (CSI) Corpus

description: The CSI corpus is a yearly expanded corpus of student texts in two genres: essays and reviews. The purpose of this corpus lies primarily in stylometric research, but other applications are possible. There is a vast amount of meta-data available, both on the author (gender, age, sexual orientation, region of origin, personality profile) and on the document (timestamp, genre, veracity, sentiment, grade). The current version of the corpus was assembled in February 2016. Previous versions of the corpus are available from the authors via e-mail request.
DOI: 10.6084/m9.figshare.14319573.v1
title: Banks, domestic debt, and crises: The recent Brazilian experience*

description: ABSTRACT This paper examines the recent evolution of the Brazilian public domestic debt and interprets it in light of the confidence crisis literature. The analysis of the recent developments in the Brazilian public domestic debt market shows that the likelihood of a default must not be assessed only using simple summary aggregate measures of public domestic debt size and maturity, but must also consider other structural aspects. Our analysis emphasizes the two main pillars of the Brazilian public domestic debt market: home-bias and the role of the banking sector in intermediating the debt. Evidence from yields of a “perfectly” indexed bond shows that the rollover premium was very small when the devaluation occurred, and is still fairly small by October, 1999, indicating that the rollover of the public domestic debt is not, so far, a serious problem. Positive prospects for the public domestic debt market will depend, however, on the Brazilian government maintaining the current fiscal austerity program.
DOI: 10.6084/m9.figshare.14319573
title: Banks, domestic debt, and crises: The recent Brazilian experience*

description: ABSTRACT This paper examines the recent evolution of the Brazilian public domestic debt and interprets it in light of the confidence crisis literature. The analysis of the recent developments in the Brazilian public domestic debt market shows that the likelihood of a default must not be assessed only using simple summary aggregate measures of public domestic debt size and maturity, but must also consider other structural aspects. Our analysis emphasizes the two main pillars of the Brazilian public domestic debt market: home-bias and the role of the banking sector in intermediating the debt. Evidence from yields of a “perfectly” indexed bond shows that the rollover premium was very small when the devaluation occurred, and is still fairly small by October, 1999, indicating that the rollover of the public domestic debt is not, so far, a serious problem. Positive prospects for the public domestic debt market will depend, however, on the Brazilian government maintaining the current fiscal austerity program.
DOI: 10.6084/m9.figshare.14319576.v1
title: A heterodox rereading of Bresser-Nakano

description: ABSTRACT Bresser-Pereira and Nakano argue, in their article on stable growth, that the fiscal adjustment has already been effectively carried out in Brazil. For them, what needs to be done, contrary to the orthodox demands for more fiscal adjustment, is an active commercial and industrial policy to stimulate exports, to complement the lower interest rate and a more devalued exchange rate. It is suggested here that capital controls would be necessary to maintain relative exchange rate stability, following Keynes’ heterodox ideas.
DOI: 10.6084/m9.figshare.14319576
title: A heterodox rereading of Bresser-Nakano

description: ABSTRACT Bresser-Pereira and Nakano argue, in their article on stable growth, that the fiscal adjustment has already been effectively carried out in Brazil. For them, what needs to be done, contrary to the orthodox demands for more fiscal adjustment, is an active commercial and industrial policy to stimulate exports, to complement the lower interest rate and a more devalued exchange rate. It is suggested here that capital controls would be necessary to maintain relative exchange rate stability, following Keynes’ heterodox ideas.
DOI: 10.6084/m9.figshare.14319581
title: The 2002 crash: from “irrational exuberance” to “infectious greed”

description: ABSTRACT This paper is an attempt to discuss the macroeconomic repercussions from deinflating a speculative bubble in stock markets and from an established low price trend. Revelations accrued this low price trend how comprise recommendations by financial analysts, corporation balance sheets, auditing companies and credit rating agencies make the asset pricing difficult, affect confidence by financial agents and contaminate their expectations. The crisis of confidence brought about by these revelations can potentially impact on economic growth of developed countries, beginning with the USA, raise risk aversion by investors and trigger reinforced regulation and supervision mechanisms in detriment to auto-regulating ones which had been prevailing up to the present moment.
DOI: 10.6084/m9.figshare.14319581.v1
title: The 2002 crash: from “irrational exuberance” to “infectious greed”

description: ABSTRACT This paper is an attempt to discuss the macroeconomic repercussions from deinflating a speculative bubble in stock markets and from an established low price trend. Revelations accrued this low price trend how comprise recommendations by financial analysts, corporation balance sheets, auditing companies and credit rating agencies make the asset pricing difficult, affect confidence by financial agents and contaminate their expectations. The crisis of confidence brought about by these revelations can potentially impact on economic growth of developed countries, beginning with the USA, raise risk aversion by investors and trigger reinforced regulation and supervision mechanisms in detriment to auto-regulating ones which had been prevailing up to the present moment.
DOI: 10.6084/m9.figshare.14319582
title: Country risk endogeneity, capital flows and capital controls in Brazil

description: ABSTRACT The main goal of the paper is to analyze the relationship between capital flows, country risk, capital controls and interest rate differential in Brazil since the mid of 90s. We know how controversial is the role and the effectiveness of capital controls during episodes of crises, and how emerging countries can be trapped in a vicious circle expressed through the behavior of two crucial variables: the country risk and the interest rate. Empirical results suggest that interest rate differential is endogenous to country risk, mainly explained when we consider the existence of a probability of default in the context of a high public debt.
DOI: 10.6084/m9.figshare.14319582.v1
title: Country risk endogeneity, capital flows and capital controls in Brazil

description: ABSTRACT The main goal of the paper is to analyze the relationship between capital flows, country risk, capital controls and interest rate differential in Brazil since the mid of 90s. We know how controversial is the role and the effectiveness of capital controls during episodes of crises, and how emerging countries can be trapped in a vicious circle expressed through the behavior of two crucial variables: the country risk and the interest rate. Empirical results suggest that interest rate differential is endogenous to country risk, mainly explained when we consider the existence of a probability of default in the context of a high public debt.
DOI: 10.6084/m9.figshare.14319585
title: Balance-of-payments-constrained economic growth in Brazil

description: ABSTRACT This paper applies the Thirlwall’s balance-of-payments constraint model to Brazilian economic growth in the period 1955-98, using cointegration technique. According to Thirlwall (1979) and MacCombie and Thirlwall (1994) differences in long-term economic growth among countries can be explained by a demand induced theory of economic growth. The model is tested on the Brazilian economy after industrial take- off in 1955 until 1998 using the cointegration technique and a vector error correction (VEC) representation to find the dynamic responses of exports to GDP. The results show that there is a positive cointegration between growth in exports and long-term economic growth in Brazil, which support the fact external factors constraint Brazilian economic growth.
DOI: 10.6084/m9.figshare.14319585.v1
title: Balance-of-payments-constrained economic growth in Brazil

description: ABSTRACT This paper applies the Thirlwall’s balance-of-payments constraint model to Brazilian economic growth in the period 1955-98, using cointegration technique. According to Thirlwall (1979) and MacCombie and Thirlwall (1994) differences in long-term economic growth among countries can be explained by a demand induced theory of economic growth. The model is tested on the Brazilian economy after industrial take- off in 1955 until 1998 using the cointegration technique and a vector error correction (VEC) representation to find the dynamic responses of exports to GDP. The results show that there is a positive cointegration between growth in exports and long-term economic growth in Brazil, which support the fact external factors constraint Brazilian economic growth.
DOI: 10.6084/m9.figshare.14319587
title: Central Bank independence and policy coordination: advantages and disadvantages of two structures for stabilization

description: ABSTRACT Nowadays, the orthodox conventional wisdom believes that the adoption of an independent central bank improves the alignment of fiscal policy with monetary policy, and thus, increases the coordination between fiscal and monetary authorities. However, the idea of coordination cannot be reduced to this. This paper makes a brief analysis concerning the advantages and disadvantages that belong to the independence of the central bank proposition and coordination between monetary and fiscal policies. The findings denote that the coordination of policies is a better framework to achieve the several macroeconomic goals.
DOI: 10.6084/m9.figshare.14319587.v1
title: Central Bank independence and policy coordination: advantages and disadvantages of two structures for stabilization

description: ABSTRACT Nowadays, the orthodox conventional wisdom believes that the adoption of an independent central bank improves the alignment of fiscal policy with monetary policy, and thus, increases the coordination between fiscal and monetary authorities. However, the idea of coordination cannot be reduced to this. This paper makes a brief analysis concerning the advantages and disadvantages that belong to the independence of the central bank proposition and coordination between monetary and fiscal policies. The findings denote that the coordination of policies is a better framework to achieve the several macroeconomic goals.
DOI: 10.6084/m9.figshare.14319588
title: Technological progress, terms of trade and uneven development

description: ABSTRACT This article presents a modified version of Dutt’s two sector growth model, with the purpose of demonstrate the existence of an inverse relationship between decline in terms of trade and uneven development between North and South. It is shown that in the case where technological progress is reversible in the sense that firms in the North can revert to the adoption of technologies intensive in the use of primary goods manufactured in the South, this reversion been induced by the decline in terms of trade; this decline will be followed by a reduction, not by an increase, in the capital stock in the North relative to the capital stock in the South. This result is a generalization of Dutt’s model, which considers a situation where technological progress is irreversible.
DOI: 10.6084/m9.figshare.14319588.v1
title: Technological progress, terms of trade and uneven development

description: ABSTRACT This article presents a modified version of Dutt’s two sector growth model, with the purpose of demonstrate the existence of an inverse relationship between decline in terms of trade and uneven development between North and South. It is shown that in the case where technological progress is reversible in the sense that firms in the North can revert to the adoption of technologies intensive in the use of primary goods manufactured in the South, this reversion been induced by the decline in terms of trade; this decline will be followed by a reduction, not by an increase, in the capital stock in the North relative to the capital stock in the South. This result is a generalization of Dutt’s model, which considers a situation where technological progress is irreversible.
DOI: 10.6084/m9.figshare.14319591
title: An Empirical Study of Private Saving in Brazil

description: ABSTRACT This paper provides an empirical analysis of the determinants of private saving in Brazil during 1965-2000. Our estimates indicate that the degree of offset between private and public saving is relatively high, in line with evidence for other Latin American countries, although it may have started to decline in recent years. In any case, fiscal policy is identified as one of the main instruments to promote the much needed increase in national saving in Brazil. Additional support to savings could come from continued financial market reforms and trade diversification.
DOI: 10.6084/m9.figshare.14319591.v1
title: An Empirical Study of Private Saving in Brazil

description: ABSTRACT This paper provides an empirical analysis of the determinants of private saving in Brazil during 1965-2000. Our estimates indicate that the degree of offset between private and public saving is relatively high, in line with evidence for other Latin American countries, although it may have started to decline in recent years. In any case, fiscal policy is identified as one of the main instruments to promote the much needed increase in national saving in Brazil. Additional support to savings could come from continued financial market reforms and trade diversification.
DOI: 10.6084/m9.figshare.14319593.v1
title: Economic growth with foreign savings?

description: ABSTRACT Highly indebted countries, particularly the Latin American ones, presented dis- mal economic outcomes in the 1990s’ which are the consequence of the “growth cum foreign savings strategy”, or the Second Washington Consensus. Coupled with liber- alization of international financial flows, such strategy, which did not make part of the first consensus, led the countries, in the wave of a new world wide capital flow cycle, to high current account deficits and increase in foreign debt, ignoring the sol- vency constraint and the debt threshold. In practical terms it involved overvalued currencies (low exchange rates) and high interest rates; in policy terms, the attempt to control de budget deficit while the current account deficit was ignored. The para- doxical consequence was the adoption by highly indebted countries of “exchange rate populism”, a less obvious but more dangerous form of economic populism.
DOI: 10.6084/m9.figshare.14319593
title: Economic growth with foreign savings?

description: ABSTRACT Highly indebted countries, particularly the Latin American ones, presented dis- mal economic outcomes in the 1990s’ which are the consequence of the “growth cum foreign savings strategy”, or the Second Washington Consensus. Coupled with liber- alization of international financial flows, such strategy, which did not make part of the first consensus, led the countries, in the wave of a new world wide capital flow cycle, to high current account deficits and increase in foreign debt, ignoring the sol- vency constraint and the debt threshold. In practical terms it involved overvalued currencies (low exchange rates) and high interest rates; in policy terms, the attempt to control de budget deficit while the current account deficit was ignored. The para- doxical consequence was the adoption by highly indebted countries of “exchange rate populism”, a less obvious but more dangerous form of economic populism.
DOI: 10.6084/m9.figshare.14319596.v1
title: Social Security Reform and Degrees of Solidarity

description: ABSTRACT The paper briefly presents Pierre Rosanvallon’s analysis of the Welfare State Crisis in order to shed some light to the present debate about the Brazilian Social Security Reform. In special the concept of justice and the social cohesion embedded in some measures proposed to bring long term financial equilibrium to the system are discussed.
DOI: 10.6084/m9.figshare.14319597
title: The institutional theory of Douglass North

description: ABSTRACT This paper aims to review the institutional theory of Douglass North. After a brief introduction and some comments related to his method, it sums up the theoretical core that proposes from the analysis of three of his main works on the subject.
DOI: 10.6084/m9.figshare.14319596
title: Social Security Reform and Degrees of Solidarity

description: ABSTRACT The paper briefly presents Pierre Rosanvallon’s analysis of the Welfare State Crisis in order to shed some light to the present debate about the Brazilian Social Security Reform. In special the concept of justice and the social cohesion embedded in some measures proposed to bring long term financial equilibrium to the system are discussed.
DOI: 10.6084/m9.figshare.14319597.v1
title: The institutional theory of Douglass North

description: ABSTRACT This paper aims to review the institutional theory of Douglass North. After a brief introduction and some comments related to his method, it sums up the theoretical core that proposes from the analysis of three of his main works on the subject.
DOI: 10.6084/m9.figshare.14319600
title: The second Washington consensus and the quasi-stagnation of the Brazilian economy

description: ABSTRACT While in the social and ethical realms the Cardoso administration (1995-2002) was successful, its economic outcomes were frustrating. In these eight years the in- vestment rate did not increase and income per capita growth lagged, while public and foreign debts increased substantially. This poor economic performance may be explained by three chained causes: a mistake in agenda setting, the adoption of the Second Washington Consensus, and the alienation of elites. The decision of setting high inflation as the major problem to be tackled instead of achieving equilibrium in foreign accounts represented a major macroeconomic mistake, which can be explained by the Second Washington Consensus. This consensus proposed in the 1990s that highly indebted countries should grow counting on foreign savings, although this is not the experience among OECD countries. The outcome was to evaluate the real, to increase artificially wages and consumption, so that instead of growth we have been increasing indebtedness. Why this flopped strategy was adopted? Rich countries’ interests are not difficult to guess. On the part of Brazil, the only explanation is Brazilian elites’ alienation in relation to the country’s national interest. As a final outcome, the Cardoso administration ends with another balance of payments crisis.