Latin American Economics eJournal最新文献

{"title":"Trading Area: A Study in Corporate Banking Retailing in Brazil","authors":"João Carlos Baptista Sousa, Heitor Takashi Kato, T. Martins, June Alison Westarb Cruz","doi":"10.2139/ssrn.2549892","DOIUrl":"https://doi.org/10.2139/ssrn.2549892","url":null,"abstract":"Location is the most important factor in the success of a retailing store location. Now, modern technics using geographical data is being used to assess the potential of a site. One possibility is to study the trading area of a determined site to learn about the distance a store drawn the majority of its clients. The objective of this paper is to study the factors that affect the trading area of the branches of a corporate bank in the city of Curitiba, Brazil. The study used interviews and used a secondary data of the bank to compute de trade area of each branch. Using regression analysis, the study found that the number of the ATM and cashiers and the number os competitors branches in the 2 km radius of the branches were responsible to explain 30,8% of the trading area containing 60% of the clients of the branches.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"81 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2015-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78437726","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Top Incomes in Brazil, 1933-2012: A Research Note","authors":"P. Souza","doi":"10.2139/ssrn.2537026","DOIUrl":"https://doi.org/10.2139/ssrn.2537026","url":null,"abstract":"This research note presents estimates of top income shares for Brazil based on tax return data from 1933 to 2012, as well as a brief overview of personal income taxation in the country. I also discuss some of the major methodological challenges, especially pertaining to data availability, and contrast my preferred top incomes series with alternative possibilities as a robustness check. The main results do not suggest any clear-cut pattern towards rising or declining inequality over time. Income concentration at the top ebbs and flows at generally very high levels.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2014-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87040127","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Brazil's Place in the Global Economy","authors":"Arturo C. Porzecanski","doi":"10.2139/SSRN.2507930","DOIUrl":"https://doi.org/10.2139/SSRN.2507930","url":null,"abstract":"Brazil is a country with long-standing ambitions for a major role in the world economy and in global governance, but its footprint in various measures of both remains relatively modest. On current trends, the gap between ambition and achievement will likely remain large, so we provide a critique of Brazil’s strategy in terms of economic statecraft; reflect on the wisdom of choices made in the past in terms of multilateralism vs. regionalism; and suggest a new approach that could enhance Brazil’s leadership role at the regional and global levels. It would involve the Brazilian government and business elites making clearer and more daring national choices, including shedding increasingly arcane and detrimental strategic alliances, in order to enable the country to become more involved with and thus influential on the global economic stage.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"328 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2014-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91537410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Las Asociaciones Públicas Privadas: Retraso en la Entrega de Predios (Private Public Partnerships: Delayed Delivery of Farms)","authors":"Manuel Lama, T. Vargas","doi":"10.2139/ssrn.2962673","DOIUrl":"https://doi.org/10.2139/ssrn.2962673","url":null,"abstract":"Spanish Abstrct: Este articulo abordara los problemas de liberalizacion de terrenos en el Peru, enfocado en la concesion de la Red Vial Nro.6 (concesion de carretera mediante una APP). Es evidente que los problemas de entrega de terrenos son originados desde el diseno del Contrato de Concesion debido a que el Gobierno del Peru, con el proposito de lograr el crecimiento de la inversion a traves de proyectos de infraestructura, ha generado politicas sin evaluar los estudios sobre las entregas de terrenos y su impacto en la ejecucion de obras. Asimismo, el actual marco legal de expropiacion en el Peru (que incluye el marco legal de liberalizacion de terrenos) no permite al gobierno administrar eficientemente la entrega de terrenos). Bajo este contexto, se observa recurrente incumplimientos de entrega de terrenos en los plazos originalmente pactado por las Partes en los proyectos de carreteras concesionadas, estos incumplimientos tiene el principal efecto de retraso de las oportunidades de inversion establecidas en los contratos de concesion causando retraso en los beneficios que los usuarios perciben sobre la ejecucion de cada Obra en terminos de dinero y tiempo por ejemplo (costo de viajes, accidentes costo operativo vehicular y otros). \u0000English Abstract: This article will address the problems of land liberalization in Peru, focused on the concession of Road Network No. 6 (road concession through a PPP). It is evident that the problems of land delivery originate from the design of the Concession Agreement because the Government of Peru, in order to achieve the growth of the investment through infrastructure projects, has generated policies without evaluating the studies On land deliveries and their impact on the execution of works. Likewise, the current legal framework for expropriation in Peru (which includes the legal framework for land liberalization) does not allow the government to manage land delivery efficiently. In this context, there is a recurrent lack of land delivery in the terms originally agreed upon by the Parties in the concessioned highway projects, these non-compliance has the main effect of delaying the investment opportunities established in the concession contracts, causing delays in Benefits that users perceive on the execution of each Work in terms of money and time for example (cost of travel, accidents vehicular operating cost and others).","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2014-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82467457","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Law and Economics in the Civil Law World: The Case of Brazilian Courts","authors":"M. Pargendler, Bruno Meyerhof Salama","doi":"10.2139/ssrn.2514577","DOIUrl":"https://doi.org/10.2139/ssrn.2514577","url":null,"abstract":"Conventional wisdom holds that economic analysis of law is either embryonic or nonexistent outside of the United States generally and in civil law jurisdictions in particular. Existing explanations for the assumed lack of interest in the application of economic reasoning to legal problems range from the different structure of legal education and academia outside of the United States to the peculiar characteristics of civilian legal systems. This paper challenges this view by documenting and explaining the growing use of economic reasoning by Brazilian courts. We argue that, given the ever-greater role of courts in the formulation of public policies, the application of legal principles and rules increasingly calls for a theory of human behavior (such as that provided by economics) to help foresee the likely aggregate consequences of different interpretations of the law. Consistent with the traditional role of civilian legal scholarship in providing guidance for the application of law by courts, the further development of law and economics in Brazil is therefore likely to be mostly driven by judicial demand.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"113 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2014-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84908406","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Top Incomes in Brazil: Preliminary Results","authors":"P. Souza, M. Medeiros, F. Castro","doi":"10.2139/ssrn.2511314","DOIUrl":"https://doi.org/10.2139/ssrn.2511314","url":null,"abstract":"We present the preliminary results of our analysis of top incomes in Brazil from 2006 to 2012. We describe the evolution of the income shares of the top 1% and the top 5% and estimate a “tax-corrected†Gini coefficient. The data come from personal income tax returns, national accounts and household surveys. The results show that the levels of income inequality in Brazil are higher than those estimated using household surveys, and, contrary to what these surveys show, inequality did not fall over this period: the current trend is one of stability.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"62 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2014-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73604088","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Power, Composition, and Decision Making: The Behavioral Consequences of Institutional Reform on Brazil's Supremo Tribunal Federal","authors":"Scott Desposato, M. Ingram, Osmar P. Lannes","doi":"10.1093/JLEO/EWU018","DOIUrl":"https://doi.org/10.1093/JLEO/EWU018","url":null,"abstract":"How does a court’s policy-making authority shape the nature of judicial behavior? We argue that judicial systems that limit policy-making authority also discourage the politicization of courts, encouraging judges to think narrowly about the interests of litigating parties. In contrast, granting a court high policy-making authority—affecting potentially thousands of cases and other branches of government—naturally encourages judges to consider broader ideological principles. Typically, unraveling cause and effect would be difficult, as judicial behavior and institutions are usually stable and endogenous. But an especially stark sequence of political and institutional changes in Brazil affords analytic leverage to explore these questions. A series of judicial reforms greatly expanded the Brazilian Supreme Court’s authority, and our analysis of judicial decisions shows the emergence of a political cleavage on the court after these reforms. (JEL C140, K39, K49)","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2014-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90960433","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Análise Envoltória de Dados na Avaliação da Eficiência das Despesas de Investimentos dos Estados e do Distrito Federal (Data Envelopment Analysis in the Assessment of the Efficiency of Investment Expenditures of States and the Federal District)","authors":"Maurício Correa da Silva, A. Oliveira, J. Martins, José Dionísio Silva","doi":"10.2139/ssrn.2828672","DOIUrl":"https://doi.org/10.2139/ssrn.2828672","url":null,"abstract":"The investment expenditures of public entities represent application of resources in public works, acquisition of furnitures and utensils, real estates, among others. This investigation aims to assess if the Brazilian states and the Federal District were efficient in the application of total investment expenditures per capita verified in the period from 2003 to 2012. The inductive-comparative method with quantitative measurement and the Data Envelopment Analysis (DEA) were used. The data were extracted from the electronic site of the National Treasury Office (STN). The results revealed that the State of Acre was the only one considered efficient in the application of total investment expenditures per capita verified in the period from 2003 to 2012, in the CCR, BCC and output-oriented Scale models. In the BCC model, in addition to the State of Acre, the States of Espirito Santo, Piaui, Ceara and Maranhao were also considered efficient. In the comparison of the efficiency rankings calculated with Data Envelopment Analysis (DEA), one may observe a very big divergence in relation to the management rankings of the Economist Group.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"69 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2014-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86808764","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Financial Stability and Interacting Networks of Financial Institutions and Market Infrastructures","authors":"Carlos León, R. Berndsen, L. Renneboog","doi":"10.2139/ssrn.2532482","DOIUrl":"https://doi.org/10.2139/ssrn.2532482","url":null,"abstract":"An interacting network coupling financial institutions’ multiplex (i.e. multi-layer) and financial market infrastructures’ single-layer networks gives an accurate picture of a financial system’s true connective architecture. We examine and compare the main properties of Colombian multiplex and interacting financial networks. Coupling financial institutions’ multiplex networks with financial market infrastructures’ networks removes modularity, which enhances financial instability because the network then fails to isolate feedbacks and limit cascades while it retains its robust-yet-fragile features. Moreover, our analysis highlights the relevance of infrastructure-related systemic risk, corresponding to the effects caused by the improper functioning of FMIs or by FMIs acting as conduits for contagion.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2014-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81943594","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A Multi-Layer Network of the Sovereign Securities Market","authors":"Carlos León, Jhonatan Pérez, L. Renneboog","doi":"10.2139/ssrn.2532461","DOIUrl":"https://doi.org/10.2139/ssrn.2532461","url":null,"abstract":"We study the network of Colombian sovereign securities settlements. With data from the settlement market infrastructure we study financial institutions’ transactions from three different trading and registering individual networks that we combine into a multi-layer network. Examining this network of networks enables us to confirm that (i) studying isolated single-layer trading and registering networks yields a misleading perspective on the relations between and risks induced by participating financial institutions; (ii) a multi-layer approach produces a connective structure consistent with most real-world networks (e.g. sparse, inhomogeneous, and clustered); and (iii) the multi-layer network is a multiplex that preserves the main connective features of its constituent layers due to positively correlated multiplexity. The results highlight the importance of mapping and understanding how financial institutions relate to each other across multiple financial environments, and the value of financial market infrastructures as sources of data that may help to overcome the main obstacles for working on multi-layer financial networks.","PeriodicalId":18190,"journal":{"name":"Latin American Economics eJournal","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2014-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89756596","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}