cometadata/datacite-titles-descriptions-related-identifiers huggingface dataset:
DOI: 10.6084/m9.figshare.19964839
title: Real exchange rate and Brazilian industry productivity in the long run: theory, model and evidence for the recent period

description: ABSTRACT The objective of this work is to analyze the relationship between the real exchange rate and the productivity of the industry in the short and long terms. In order to test the new-developmental hypothesis that a higher level of the real exchange rate is related to a greater dynamism in the productivity of the industry, a mathematical model of this theoretical relationship is developed and an econometrically estimated Non-Linear Autoregressive Distributed Lag Model (NARDL). The results found are unprecedented, since they demonstrate the existence of a positive relationship between a real devaluation of the effective exchange rate and the growth in labor productivity of Brazilian industry in the long run. In addition, the work was able to demonstrate an existing asymmetry of the effect of (de) valuation on productivity, that is, the estimates showed that devaluation positively affects the productivity of Brazilian industry when compared to the negative effects of an appreciation on productivity.
DOI: 10.6084/m9.figshare.19964839.v1
title: Real exchange rate and Brazilian industry productivity in the long run: theory, model and evidence for the recent period

description: ABSTRACT The objective of this work is to analyze the relationship between the real exchange rate and the productivity of the industry in the short and long terms. In order to test the new-developmental hypothesis that a higher level of the real exchange rate is related to a greater dynamism in the productivity of the industry, a mathematical model of this theoretical relationship is developed and an econometrically estimated Non-Linear Autoregressive Distributed Lag Model (NARDL). The results found are unprecedented, since they demonstrate the existence of a positive relationship between a real devaluation of the effective exchange rate and the growth in labor productivity of Brazilian industry in the long run. In addition, the work was able to demonstrate an existing asymmetry of the effect of (de) valuation on productivity, that is, the estimates showed that devaluation positively affects the productivity of Brazilian industry when compared to the negative effects of an appreciation on productivity.
DOI: 10.6084/m9.figshare.19964852
title: Methodological influence on Brazilian deindustrialization

description: ABSTRACT Users of Brazilian National Accounts often use the overestimated sectoral share due to the financial dummy not being eliminated from sectoral GDP. This affects the level, peak, and shape of the deindustrialization series. Changes in the National Accounts system have also caused structural breaks in time series, making it difficult to assess the effect of trade opening on deindustrialization. This study created series of sectoral shares in GDP from 1947 to 2019 to circumvent the financial dummy and discontinuities in the long-term series. The new series is more adherent to economic cycles, captures the effect of trade opening, and contests the over-industrialization thesis, allowing a better understanding of the deindustrialization process.
DOI: 10.6084/m9.figshare.19964852.v1
title: Methodological influence on Brazilian deindustrialization

description: ABSTRACT Users of Brazilian National Accounts often use the overestimated sectoral share due to the financial dummy not being eliminated from sectoral GDP. This affects the level, peak, and shape of the deindustrialization series. Changes in the National Accounts system have also caused structural breaks in time series, making it difficult to assess the effect of trade opening on deindustrialization. This study created series of sectoral shares in GDP from 1947 to 2019 to circumvent the financial dummy and discontinuities in the long-term series. The new series is more adherent to economic cycles, captures the effect of trade opening, and contests the over-industrialization thesis, allowing a better understanding of the deindustrialization process.
DOI: 10.6084/m9.figshare.19964864.v1
title: Why we need an allocative (and resourceful) welfare state

description: ABSTRACT In this essay, I propose an agenda for the welfare state of the 21st century that emphasizes its role as a mechanism of resource allocation. Since social and environmental problems are getting out of hand, the time for mere compensation is over: we need a mechanism for directly influencing systems of production and patterns of consumption in the direction of addressing those problems. This partially translates into a decisive sectoral shift towards public social services led by the welfare state. Among the advantages of this move, in addition to more socially balanced outcomes, are quality jobs and fulfillment of social needs in an environment-friendly way. The allocative task which gives the welfare state a constitutive role in shaping the socioeconomy complements its classic function as problem fixer. The allocative welfare state must be prepared to limit the domain of market allocation.
DOI: 10.6084/m9.figshare.19964864
title: Why we need an allocative (and resourceful) welfare state

description: ABSTRACT In this essay, I propose an agenda for the welfare state of the 21st century that emphasizes its role as a mechanism of resource allocation. Since social and environmental problems are getting out of hand, the time for mere compensation is over: we need a mechanism for directly influencing systems of production and patterns of consumption in the direction of addressing those problems. This partially translates into a decisive sectoral shift towards public social services led by the welfare state. Among the advantages of this move, in addition to more socially balanced outcomes, are quality jobs and fulfillment of social needs in an environment-friendly way. The allocative task which gives the welfare state a constitutive role in shaping the socioeconomy complements its classic function as problem fixer. The allocative welfare state must be prepared to limit the domain of market allocation.
DOI: 10.6084/m9.figshare.19964888.v1
title: The dynamics of industrial geographic distribution: evidence from Brazil (2002-2014)

description: ABSTRACT The geographical distribution of Brazilian industries changed between 2002 and 2014, and it was more significant for some industries. Based on Dumais et al. (2002), we explore the dynamics of these changes by a decomposition of the employment variation and concentration index for manufacturing industries grouped by technological intensity, and we identify the direction of the locational movements of the firms among microregions. In general., the results indicate that between 2002 and 2014, there was a trend of convergence among the microregions’ participation in industrial employment, contributing to industrial deconcentration in the country, with the exception of the group of high-technology industries, which became more concentrated. Components of the life cycle of industries, especially the growth of employment generated by new industries in non-metropolitan microregions, are identified as main propelling of this evidence. In general., the results are consistent with the importance of agglomeration economies over historic accidents to explain the industrial concentration in Brazil between 2002 and 2014.
DOI: 10.6084/m9.figshare.19964888
title: The dynamics of industrial geographic distribution: evidence from Brazil (2002-2014)

description: ABSTRACT The geographical distribution of Brazilian industries changed between 2002 and 2014, and it was more significant for some industries. Based on Dumais et al. (2002), we explore the dynamics of these changes by a decomposition of the employment variation and concentration index for manufacturing industries grouped by technological intensity, and we identify the direction of the locational movements of the firms among microregions. In general., the results indicate that between 2002 and 2014, there was a trend of convergence among the microregions’ participation in industrial employment, contributing to industrial deconcentration in the country, with the exception of the group of high-technology industries, which became more concentrated. Components of the life cycle of industries, especially the growth of employment generated by new industries in non-metropolitan microregions, are identified as main propelling of this evidence. In general., the results are consistent with the importance of agglomeration economies over historic accidents to explain the industrial concentration in Brazil between 2002 and 2014.
DOI: 10.6084/m9.figshare.19964881.v1
title: Contractionary depreciations in Latin America during the 2000s

description: ABSTRACT This paper explores the effects of currency depreciations on output for the main Latin American countries that have been using Inflation Targeting for almost two decades. We construct VAR models for Brazil, Chile, Colombia, Mexico and Peru for the last two decades and we find that depreciations have short-run contractionary effects in Brazil and Mexico. We illustrate some of the policy implications of that finding by building a simple model, and we show that contractionary effects of depreciations may have destabilizing effects when monetary policy is conducted using a standard Taylor Rule.
DOI: 10.6084/m9.figshare.19964881
title: Contractionary depreciations in Latin America during the 2000s

description: ABSTRACT This paper explores the effects of currency depreciations on output for the main Latin American countries that have been using Inflation Targeting for almost two decades. We construct VAR models for Brazil, Chile, Colombia, Mexico and Peru for the last two decades and we find that depreciations have short-run contractionary effects in Brazil and Mexico. We illustrate some of the policy implications of that finding by building a simple model, and we show that contractionary effects of depreciations may have destabilizing effects when monetary policy is conducted using a standard Taylor Rule.
DOI: 10.6084/m9.figshare.19964957
title: Sraffa and the “laws of returns”: an analysis of the 1925-1926 articles

description: ABSTRACT This article analyzes two texts by Sraffa published in 1925 and 1926 with criticisms of the dominant marginalist approach, which presupposes free competition and diminishing returns. Sraffa concluded that such a model only applies in the case of constant returns. These two articles served as a basis for Sraffa, almost 30 years later, to formulate a devastating critic of the marginalist or subjective theory of value by proposing a model of prices and income distribution that does not depend on the hypothesis of changes in the scale of production or in the proportion of factors.
DOI: 10.6084/m9.figshare.19965007
title: The reswitching of techniques and its epistemological implications: a deepening of criticism

description: ABSTRACT This paper aims (a) to explain the mechanisms from which the problem of reswitching of techniques is formulated and (b) to analyze the implications with regard to the general architecture of neoclassical macroeconomics. I will show how these elements allow refuting the neoclassical theory of income distribution, and why they translate into structural instability. In the first part, I will explain the mechanisms that correspond to the problem of reswitching of techniques; in the second part, I will study the implications linked to the reswitching, with regard to the determinants of income distribution and the equilibrium stability.
DOI: 10.6084/m9.figshare.19965007.v1
title: The reswitching of techniques and its epistemological implications: a deepening of criticism

description: ABSTRACT This paper aims (a) to explain the mechanisms from which the problem of reswitching of techniques is formulated and (b) to analyze the implications with regard to the general architecture of neoclassical macroeconomics. I will show how these elements allow refuting the neoclassical theory of income distribution, and why they translate into structural instability. In the first part, I will explain the mechanisms that correspond to the problem of reswitching of techniques; in the second part, I will study the implications linked to the reswitching, with regard to the determinants of income distribution and the equilibrium stability.
DOI: 10.6084/m9.figshare.19965076
title: Income distribution and economic growth regime in Brazil: evaluation and propositions

description: ABSTRACT The aim of the article is to empirically analyze the economic growth regimes in Brazil from 2000 to 2015. In theoretical terms, we follow the augmented neo-Kaleckian model proposed by Palley (2016). Therefore, we incorporate in the analysis the role of the personal and functional distribution of income. In empirical terms, we use a vector autoregressive model. The results suggest that the growth regime of the Brazilian economy was wage-led. This means that capital accumulation and aggregate demand were favored by policies to reduce inequality in the labor market and personal income. Based on the results, we discussed the Brazilian model, arguing in favor of adopting a growth model that can reconcile income distribution and export incentive policies.
DOI: 10.6084/m9.figshare.19965076.v1
title: Income distribution and economic growth regime in Brazil: evaluation and propositions

description: ABSTRACT The aim of the article is to empirically analyze the economic growth regimes in Brazil from 2000 to 2015. In theoretical terms, we follow the augmented neo-Kaleckian model proposed by Palley (2016). Therefore, we incorporate in the analysis the role of the personal and functional distribution of income. In empirical terms, we use a vector autoregressive model. The results suggest that the growth regime of the Brazilian economy was wage-led. This means that capital accumulation and aggregate demand were favored by policies to reduce inequality in the labor market and personal income. Based on the results, we discussed the Brazilian model, arguing in favor of adopting a growth model that can reconcile income distribution and export incentive policies.
DOI: 10.6084/m9.figshare.19965083
title: The global financial crisis and its effects on the international monetary funds

description: ABSTRACT This paper aims to analyze the innovations introduced in the functions of the International Monetary Fund in the context of the 2008 economic and financial crisis. This promoted an action that aimed to strengthen the surveillance function through the adoption of the Integrated Surveillance. Thus, alongside the traditional conditionality based on an a posteriori implementation of adequate economic policies, a criterion of ex ante conditionality in the precautionary branches was also introduced or based on the economic characteristics of the country to be financed. Concerning traditional conditionality, it will be asked whether the IMF has adopted a less extensive approach than its role.
DOI: 10.6084/m9.figshare.19965083.v1
title: The global financial crisis and its effects on the international monetary funds

description: ABSTRACT This paper aims to analyze the innovations introduced in the functions of the International Monetary Fund in the context of the 2008 economic and financial crisis. This promoted an action that aimed to strengthen the surveillance function through the adoption of the Integrated Surveillance. Thus, alongside the traditional conditionality based on an a posteriori implementation of adequate economic policies, a criterion of ex ante conditionality in the precautionary branches was also introduced or based on the economic characteristics of the country to be financed. Concerning traditional conditionality, it will be asked whether the IMF has adopted a less extensive approach than its role.
DOI: 10.6073/pasta/58acf3d24265018d886c92ccaa7f078d
title: Jornada Basin LTER Cross-scale Interactions Study (CSIS) Block 14 meteorological station: 5-minute summary wind and air temperature data: 2013 - ongoing

description: This data package contains 5-minute air temperature and wind summary data from Jornada Basin LTER Cross Scale Interactions Study (CSIS) Block-14 met station. Average air temperature, wind speed, and wind direction are measured and calculated at an automated meteorological station connected to a 900 MHz spread spectrum wireless network. Wind speed is measured at 37cm, 75 cm, 150 cm, and 300 cm, wind direction at approximately 3m, and air temperature and relative humidity at approximate 2.5m. This is a subset of baseline weather data collected at the 15 Jornada Basin LTER CSIS study blocks, New Mexico. Measurements are aggregated at intervals of 5, 30, 60 minutes and daily, with precipitation additionally provided with 1 second aggregation during precipitation events. The met station variables measured include air temperature, precipitation, relative humidity, wind direction, wind speed. Precipitation is not measured at Block 1 and Block 12 because of proximity to Block 2 and Block 13, respectively . This is an ONGOING dataset.
DOI: 10.6084/m9.figshare.19965167
title: Theories of financialization of non-financial corporations: a critique

description: ABSTRACT Financialization is often seen as a consequence of higher returns on financial assets. Yet, how can that be possible if the rate of interest is systematically lower than the profit rate? This article addresses this issue.
DOI: 10.6084/m9.figshare.19965167.v1
title: Theories of financialization of non-financial corporations: a critique

description: ABSTRACT Financialization is often seen as a consequence of higher returns on financial assets. Yet, how can that be possible if the rate of interest is systematically lower than the profit rate? This article addresses this issue.
DOI: 10.6073/pasta/81931608a58870e3c92f4f81c8e3d385
title: Jornada Basin LTER Cross-scale Interactions Study (CSIS) Block 14 meteorological station: 1-hour summary data: 2017 - ongoing

description: This data package contains hourly air temperature, relative humidity, wind speed, wind direction, and precipitation summary data from Jornada Basin LTER Cross Scale Interactions Study (CSIS) Block-14 met station. Air temperature, relative humidity, wind speed, wind direction, and precipitation are measured and calculated at an automated meteorological station connected to a 900 MHz spread spectrum wireless network. Wind speed is measured at 37cm, 75 cm, 150 cm, and 300 cm, wind direction at approximately 3m, and air temperature and relative humidity at approximate 2.5m. Measurements are aggregated at intervals of 5, 30, 60 minutes and daily, with precipitation additionally provided with 1 second aggregation during precipitation events. Precipitation is not measured at Block 1 and Block 12 because of proximity to Block 2 and Block 13, respectively . This is an ONGOING dataset.
DOI: 10.6084/m9.figshare.19965196
title: Economic growth without welfare. The case of the impact of commodities on the Colombian economy

description: ABSTRACT Economic growth is not always related to social welfare. Therefore, this paper takes the case of the Colombian economy that has a strong dependence on commodity exploitation to identify the impacts of different commodities such as oil, coffee, coal, and nickel over economic variables. The results show that the increase in prices of commodities generates significant impacts on economic activity in variables such as GDP and investment. Also, there are no significant impacts on variables that provide welfare to individuals as total consumption or the unemployment rate.
DOI: 10.6084/m9.figshare.19965335
title: Monetary policy in Brazil in pandemic times

description: ABSTRACT The paper discusses the determination of inflation in Brazil, especially after the great recession of 2015-2016, to assess the adequacy of manipulating interest rates to control the rise in prices due to permanent cost pressure. The burden of using the interest rate to fight cost inflation is to create a highly conventional level of the real interest rate, which benefits the rentier class in a financialized economy. In the light of the post-Keynesian macroeconomics, a high-interest rate convention keeps the economy with a low growth rate and a low investment rate, which in the case of the Brazilian economy has resulted in a regression in the productive matrix and productivity stagnation, and both contribute to perpetuating cost pressures on prices. The empirical analysis corroborates the discussion about recent inflation having its origin in cost pressures over which the interest rate impact for its control is limited. We complement the empirical analysis by testing the response to the SELIC interest rate of the variables used to explain the fluctuation of market prices and administered prices: commodity price index, exchange rate and activity level. As expected, the impact of an increase in the interest rate appreciates the exchange rate, favouring inflation control and reducing the level of activity but has no impact on the commodity price index.
DOI: 10.6084/m9.figshare.19965335.v1
title: Monetary policy in Brazil in pandemic times

description: ABSTRACT The paper discusses the determination of inflation in Brazil, especially after the great recession of 2015-2016, to assess the adequacy of manipulating interest rates to control the rise in prices due to permanent cost pressure. The burden of using the interest rate to fight cost inflation is to create a highly conventional level of the real interest rate, which benefits the rentier class in a financialized economy. In the light of the post-Keynesian macroeconomics, a high-interest rate convention keeps the economy with a low growth rate and a low investment rate, which in the case of the Brazilian economy has resulted in a regression in the productive matrix and productivity stagnation, and both contribute to perpetuating cost pressures on prices. The empirical analysis corroborates the discussion about recent inflation having its origin in cost pressures over which the interest rate impact for its control is limited. We complement the empirical analysis by testing the response to the SELIC interest rate of the variables used to explain the fluctuation of market prices and administered prices: commodity price index, exchange rate and activity level. As expected, the impact of an increase in the interest rate appreciates the exchange rate, favouring inflation control and reducing the level of activity but has no impact on the commodity price index.
DOI: 10.6084/m9.figshare.19965361
title: Patterns of external insertion in global value chains: a comparative analysis between Brazil and China

description: ABSTRACT The international trade literature has shown the benefits of the international fragmentation of production for developing countries. However, there are considerations about the hierarchy and control in Global Value Chains (GVCs). Thus, this research aims to evaluate the Brazilian and Chinese international insertion in GVCs by proposing an index about technological sophistication in exports (qtech) by technological intensity for 2005-2015. The results pointed out that the integration in GVCs and technological sophistication have been directed towards technological clusters in which Brazil has revealed comparative advantages, while China has been moving towards technological clusters with dynamic comparative advantages.