cometadata/datacite-titles-descriptions-related-identifiers huggingface dataset:
DOI: 10.6084/m9.figshare.7420517
title: Uncertainty, decision-making, habit and institution: a possible articulation between Keynesians and Neoinstitutionalists

description: Abstract On the one hand, following Keynes and the Post Keynesians, it is possible to infer two types of uncertainty: one that refers to the process of obtaining knowledge (the epistemological uncertainty) and the other which deals with the reality that one has to understand (the ontological uncertainty). It is important to stress that both are related to the decision-making process. On the other hand, regarding the Neoinstitutionalist perspective, habits are the substance of institutions and as so being they reverberate in the individual as well as at the structural level. Hence, are habits and institutions not able to reduce uncertainty? This paper aims to answer this question, articulating the Keynesian and the Neoinstitutionalist theories. The point is to show how habits and institutions in the latter can contribute to reducing uncertainty in the former approach.
DOI: 10.6084/m9.figshare.7420517.v1
title: Uncertainty, decision-making, habit and institution: a possible articulation between Keynesians and Neoinstitutionalists

description: Abstract On the one hand, following Keynes and the Post Keynesians, it is possible to infer two types of uncertainty: one that refers to the process of obtaining knowledge (the epistemological uncertainty) and the other which deals with the reality that one has to understand (the ontological uncertainty). It is important to stress that both are related to the decision-making process. On the other hand, regarding the Neoinstitutionalist perspective, habits are the substance of institutions and as so being they reverberate in the individual as well as at the structural level. Hence, are habits and institutions not able to reduce uncertainty? This paper aims to answer this question, articulating the Keynesian and the Neoinstitutionalist theories. The point is to show how habits and institutions in the latter can contribute to reducing uncertainty in the former approach.
DOI: 10.6084/m9.figshare.7418540
title: The role of BNDES and financing development in Brazil: an analysis of treasury loan prepayments and the creation of TLP

description: Abstract The article discusses the decision of the Brazilian government to prepay R$ 280 billion in Treasury loans to the BNDES and also to index the cost of BNDES funding to a 5-year market rate indexed to IPCA, through the substitution of TJLP for the new TLP. In addition to the legal aspects, the allocative and economic implications are assessed. It is argued that the traditional view, which circumscribes the mission of a development bank to the correction of deviations between the social and private return of projects intensive in externalities, should be combined with a vision emphasizing the stabilizing character, via the credit channel, of a development bank, acting in a relevant systemic scale, as a tool to offset the pro-cyclical and short term propensities of private finance. Furthermore, we should consider its contribution to development through the mitigation of the extreme severity of long-term credit rationing over private investment in Brazil linked to the historically high interest rates, that removes a bias against capital intensive projects and those with significant potential scale economies. The paper emphasizes the need for an evaluation of both the costs and the fiscal benefits derived from the banks' contribution to economic growth and financial stability. It also proposes a change in the rule of formation of the new TLP such as to preserve some degree of flexibility required for policy makers to be able to react to the challenges posed to monetary and credit policies in different economic contexts.
DOI: 10.6084/m9.figshare.7418540.v1
title: The role of BNDES and financing development in Brazil: an analysis of treasury loan prepayments and the creation of TLP

description: Abstract The article discusses the decision of the Brazilian government to prepay R$ 280 billion in Treasury loans to the BNDES and also to index the cost of BNDES funding to a 5-year market rate indexed to IPCA, through the substitution of TJLP for the new TLP. In addition to the legal aspects, the allocative and economic implications are assessed. It is argued that the traditional view, which circumscribes the mission of a development bank to the correction of deviations between the social and private return of projects intensive in externalities, should be combined with a vision emphasizing the stabilizing character, via the credit channel, of a development bank, acting in a relevant systemic scale, as a tool to offset the pro-cyclical and short term propensities of private finance. Furthermore, we should consider its contribution to development through the mitigation of the extreme severity of long-term credit rationing over private investment in Brazil linked to the historically high interest rates, that removes a bias against capital intensive projects and those with significant potential scale economies. The paper emphasizes the need for an evaluation of both the costs and the fiscal benefits derived from the banks' contribution to economic growth and financial stability. It also proposes a change in the rule of formation of the new TLP such as to preserve some degree of flexibility required for policy makers to be able to react to the challenges posed to monetary and credit policies in different economic contexts.
DOI: 10.6084/m9.figshare.20003996
title: Credit system and crisis in Marx: the industrial cycle and its phases

description: Abstract The article presents Marx’s theory of the industrial cycle, making a synthesis and a systematization of his approach on this theme, which is fragmented throughout several sections of Section 5 of Volume III of Capital. Marx’s theory of industrial cycles explains why and how the credit system periodically drives capitalist production to endogenous crises of overproduction and financial panic. The article presents the basic theoretical elements needed to understand the credit system in Marx’s approach, to later systematize his theory, characterizing each phase of the cycle and indicating the causes of the movements observed from the credit dynamics, which directly affects capitalist reproduction.
DOI: 10.6084/m9.figshare.20003996.v1
title: Credit system and crisis in Marx: the industrial cycle and its phases

description: Abstract The article presents Marx’s theory of the industrial cycle, making a synthesis and a systematization of his approach on this theme, which is fragmented throughout several sections of Section 5 of Volume III of Capital. Marx’s theory of industrial cycles explains why and how the credit system periodically drives capitalist production to endogenous crises of overproduction and financial panic. The article presents the basic theoretical elements needed to understand the credit system in Marx’s approach, to later systematize his theory, characterizing each phase of the cycle and indicating the causes of the movements observed from the credit dynamics, which directly affects capitalist reproduction.
DOI: 10.6084/m9.figshare.20004001
title: Evolution of the consumption pattern of Brazilian families between 2008 and 2017

description: Abstract Between 2004 and 2014, Brazil experienced a rise in mass consumption, thanks to the increase in the purchasing power of low-income families. This article analyzes, from a microeconomic perspective, the changes in the pattern of household expenditure that resulted from this scenario. It also assesses the extent to which the economic crisis that started in 2014 has reversed the improvement in the welfare level reached in the previous period. To this end, we use data from the 2017-2018 Brazilian Family Budget Survey, comparing them with the corresponding results from its previous edition (2008-2009). We estimate per capita family expenses in different categories, as well as income-elasticities and concentration ratios, to evaluate which types of expenditure have become more (or less) concentrated in the relatively wealthy families. We pay particular attention to consumption expenditure, given its direct influence on living standards.
DOI: 10.6084/m9.figshare.20004001.v1
title: Evolution of the consumption pattern of Brazilian families between 2008 and 2017

description: Abstract Between 2004 and 2014, Brazil experienced a rise in mass consumption, thanks to the increase in the purchasing power of low-income families. This article analyzes, from a microeconomic perspective, the changes in the pattern of household expenditure that resulted from this scenario. It also assesses the extent to which the economic crisis that started in 2014 has reversed the improvement in the welfare level reached in the previous period. To this end, we use data from the 2017-2018 Brazilian Family Budget Survey, comparing them with the corresponding results from its previous edition (2008-2009). We estimate per capita family expenses in different categories, as well as income-elasticities and concentration ratios, to evaluate which types of expenditure have become more (or less) concentrated in the relatively wealthy families. We pay particular attention to consumption expenditure, given its direct influence on living standards.
DOI: 10.6084/m9.figshare.20004005
title: An analysis of the concentration of BNDES credit to Brazilian sugar and ethanol companies between 2002 and 2018

description: Abstract The goal of the paper was to investigate how BNDES credit was distributed to the 100 largest companies, considering the 2012/2013 harvest, in sugarcane crushing, in the Brazilian sugar and alcohol sector in the period from 2002 to 2018. In addition, a comparative measurement was carried out considering the granting of BNDES credit and the amount of crushed sugarcane, the concentration ratio and the Gini coefficient. Lorenz curves were also constructed comparatively. In all the indicators measured, there was greater concentration and inequality in the granting of credit to the largest companies in relation to the smaller ones. Asymmetry was also observed in relation to access to credit, with the larger companies having greater access in relation to the smaller ones. All ten largest companies have borrowed from the BNDES. Of the fifty largest, thirty-two received credit from the BNDES. From the fifty-first to the hundredth group, seven companies received credit.
DOI: 10.6084/m9.figshare.20004005.v1
title: An analysis of the concentration of BNDES credit to Brazilian sugar and ethanol companies between 2002 and 2018

description: Abstract The goal of the paper was to investigate how BNDES credit was distributed to the 100 largest companies, considering the 2012/2013 harvest, in sugarcane crushing, in the Brazilian sugar and alcohol sector in the period from 2002 to 2018. In addition, a comparative measurement was carried out considering the granting of BNDES credit and the amount of crushed sugarcane, the concentration ratio and the Gini coefficient. Lorenz curves were also constructed comparatively. In all the indicators measured, there was greater concentration and inequality in the granting of credit to the largest companies in relation to the smaller ones. Asymmetry was also observed in relation to access to credit, with the larger companies having greater access in relation to the smaller ones. All ten largest companies have borrowed from the BNDES. Of the fifty largest, thirty-two received credit from the BNDES. From the fifty-first to the hundredth group, seven companies received credit.
DOI: 10.6084/m9.figshare.20004007
title: Measuring unpaid work in Brazil: a methodological proposal

description: Abstract Statistics show that, worldwide, women are the most responsible for the reproductive work of human life, which involves domestic tasks and care giving, and is defined as unpaid work. It is necessary to recognize the value and importance for society of this work. One way of doing this is to show the volume of wealth, in the form of goods and services, generated by this invisible work, through its measurement/valuation. For this, a Satellite Account of unpaid work is created, fulfilling one of the objectives proposed by the UN in the list of Millennium Development Goals. Thus, this study proposes a social indicator of unpaid work for Brazil to be incorporated into the national accounts system. This paper discusses the meaning of Satellite Accounts for gender statistics, highlighting the economic importance of household chores and care giving, not only for families but for society as a whole, emphasizing the difficulties in reconciling work and family for those responsible for this unpaid work. Finally, the text develops a methodological proposal to estimate unpaid work in Brazil that is compatible with national accounting.
DOI: 10.6084/m9.figshare.20004007.v1
title: Measuring unpaid work in Brazil: a methodological proposal

description: Abstract Statistics show that, worldwide, women are the most responsible for the reproductive work of human life, which involves domestic tasks and care giving, and is defined as unpaid work. It is necessary to recognize the value and importance for society of this work. One way of doing this is to show the volume of wealth, in the form of goods and services, generated by this invisible work, through its measurement/valuation. For this, a Satellite Account of unpaid work is created, fulfilling one of the objectives proposed by the UN in the list of Millennium Development Goals. Thus, this study proposes a social indicator of unpaid work for Brazil to be incorporated into the national accounts system. This paper discusses the meaning of Satellite Accounts for gender statistics, highlighting the economic importance of household chores and care giving, not only for families but for society as a whole, emphasizing the difficulties in reconciling work and family for those responsible for this unpaid work. Finally, the text develops a methodological proposal to estimate unpaid work in Brazil that is compatible with national accounting.
DOI: 10.6084/m9.figshare.20004011
title: The city and the mountains: where to build (or close) a university

description: Abstract The depopulation of eastern Portugal and concentration along the coast is the subject of a longstanding debate that includes the virtues of living in smaller cities rather than in large ones. While the latter is an on-going debate, the depopulation from the east is a fact. It is also a fact that Higher Education Institutions (HEIs) closer to the coast tend to be in higher demand than those further away. This has raised a debate about whether to concentrate resources for the expansion of HEIs under greater pressure by demand or to reduce those with a low number of enrolments. The economic concepts are sometimes unclear. By looking at this issue through the regional development lens, a HEI is important not only to maintain the aggregate demand, but mainly to contribute to the increase in innovation as well as regional competitiveness in the long term. This article aims to analyse these issues and indicate some important points to be taken into consideration by decision-makers.
DOI: 10.6084/m9.figshare.20004011.v1
title: The city and the mountains: where to build (or close) a university

description: Abstract The depopulation of eastern Portugal and concentration along the coast is the subject of a longstanding debate that includes the virtues of living in smaller cities rather than in large ones. While the latter is an on-going debate, the depopulation from the east is a fact. It is also a fact that Higher Education Institutions (HEIs) closer to the coast tend to be in higher demand than those further away. This has raised a debate about whether to concentrate resources for the expansion of HEIs under greater pressure by demand or to reduce those with a low number of enrolments. The economic concepts are sometimes unclear. By looking at this issue through the regional development lens, a HEI is important not only to maintain the aggregate demand, but mainly to contribute to the increase in innovation as well as regional competitiveness in the long term. This article aims to analyse these issues and indicate some important points to be taken into consideration by decision-makers.
DOI: 10.6084/m9.figshare.20004014
title: Productive diversification in the Brazilian manufacturing industry

description: Abstract This study carried out an exploratory analysis of Brazilian productive diversification using official unpublished information on multiproduct plants obtained from the IBGE’s Annual Industrial Survey. The study is innovative given that it presents direct production data from multiproduct plants and elaborates a parameter for comparison between diversified and non-diversified sectors. Another differential refers to the high level of sectoral disaggregation, which includes about 100 manufacturing sectors. Results show that the share of sectors with companies that diversify production is small, albeit representative in terms of net sales revenue and production value. The economic indicators for the diversified share are more significant and grow as the level of diversification increases. Low and medium-low tech sectors tend to diversify more towards close sectors (intra-industry) while high and medium-high technology sectors engage in both intra and interindustry diversification.
DOI: 10.6084/m9.figshare.20004014.v1
title: Productive diversification in the Brazilian manufacturing industry

description: Abstract This study carried out an exploratory analysis of Brazilian productive diversification using official unpublished information on multiproduct plants obtained from the IBGE’s Annual Industrial Survey. The study is innovative given that it presents direct production data from multiproduct plants and elaborates a parameter for comparison between diversified and non-diversified sectors. Another differential refers to the high level of sectoral disaggregation, which includes about 100 manufacturing sectors. Results show that the share of sectors with companies that diversify production is small, albeit representative in terms of net sales revenue and production value. The economic indicators for the diversified share are more significant and grow as the level of diversification increases. Low and medium-low tech sectors tend to diversify more towards close sectors (intra-industry) while high and medium-high technology sectors engage in both intra and interindustry diversification.
DOI: 10.34740/kaggle/dsv/3753245
title: AutoXGB
DOI: 10.6084/m9.figshare.20004017
title: Internationalization and structural dependency: foreign corporations and the erratic trajectory of the Brazilian economy

description: Abstract This paper provides an analysis of the internationalization of the Brazilian industrial production structure, which was extended and intensified during the 1990s and early 2000s. The goal is to evaluate if this process brought benefits to Brazilian development. In the spotlight is the intrafirm trade between foreign capital corporations of the Brazilian manufacturing industry, based on data from the Central Bank of Brazil Census of Foreign Capital for 1995, 2000, and 2005. The growing internationalization of the industrial productive structure magnified a historical relation of dependency, which increased in scale from the 90s, when Brazil became a more open economy, and more attractive to direct external investment. It is concluded that the increase in participation of transnational corporations in the Brazilian economy in addition to the way Brazil inserted itself in the global value chains contributed to increasing structural dependency, with negative effects on development.
DOI: 10.6084/m9.figshare.20004017.v1
title: Internationalization and structural dependency: foreign corporations and the erratic trajectory of the Brazilian economy

description: Abstract This paper provides an analysis of the internationalization of the Brazilian industrial production structure, which was extended and intensified during the 1990s and early 2000s. The goal is to evaluate if this process brought benefits to Brazilian development. In the spotlight is the intrafirm trade between foreign capital corporations of the Brazilian manufacturing industry, based on data from the Central Bank of Brazil Census of Foreign Capital for 1995, 2000, and 2005. The growing internationalization of the industrial productive structure magnified a historical relation of dependency, which increased in scale from the 90s, when Brazil became a more open economy, and more attractive to direct external investment. It is concluded that the increase in participation of transnational corporations in the Brazilian economy in addition to the way Brazil inserted itself in the global value chains contributed to increasing structural dependency, with negative effects on development.
DOI: 10.6084/m9.figshare.20004016
title: The degree of exchange rate pass-through in the Brazilian economy after the Real

description: Abstract The research problem of this paper involves the identification of the exchange rate pass-through to the export and import prices in the Brazilian economy. The exchange rate pass-through is estimated for the period from January 2000 to June 2016, using ARDL and DOLS models applied to panel data. Additionally, the Kalman filter is used to estimate the time-varying exchange rate pass-through to the export and import prices. The empirical results show the existence of an incomplete pass-through to the export prices that is also lower than the import prices (average values of 37% and 98%, respectively). In this context, economic policies aiming to increase Brazilian exports via currency depreciation may not be the most suitable instrument to boost economic growth, based on the low level of export competitiveness and the potential impact of the high degree of exchange rate pass-through to the import prices on the broad price level index.
DOI: 10.6084/m9.figshare.20004016.v1
title: The degree of exchange rate pass-through in the Brazilian economy after the Real

description: Abstract The research problem of this paper involves the identification of the exchange rate pass-through to the export and import prices in the Brazilian economy. The exchange rate pass-through is estimated for the period from January 2000 to June 2016, using ARDL and DOLS models applied to panel data. Additionally, the Kalman filter is used to estimate the time-varying exchange rate pass-through to the export and import prices. The empirical results show the existence of an incomplete pass-through to the export prices that is also lower than the import prices (average values of 37% and 98%, respectively). In this context, economic policies aiming to increase Brazilian exports via currency depreciation may not be the most suitable instrument to boost economic growth, based on the low level of export competitiveness and the potential impact of the high degree of exchange rate pass-through to the import prices on the broad price level index.
DOI: 10.6084/m9.figshare.20004019.v1
title: Piketty and the inequalities in capitalism: an analysis of “Capital in the 21st century”

description: Abstract This paper analyzes the book Capital in the 21st century, written by Thomas Piketty in 2013, on the issue of inequality in capitalism. To do so, it is divided into three sections. In the first, it presents the author’s main ideas on the evolution of inequality since the nineteenth century, and on the causes of its increase in the world from 1970 onwards, as well as its proposal to create a progressive annual tax on capital to reverse this trend. In the second section, it seeks to make an alternative theoretical interpretation to that of Piketty, in light of the transformations in capitalism and the changes that occurred in economic thought from that time on the causes of this increase in inequality. In the third, contributions of the study in terms of the analysis performed are discussed, as well as its limitations that prevent a better understanding of this issue.