{"title":"Arroubos econômicos, legitimação política: uma análise da moratória da dívida externa de 1987","authors":"I. Salomão, P. Fonseca","doi":"10.1590/0101-31572016V36N04A07","DOIUrl":"https://doi.org/10.1590/0101-31572016V36N04A07","url":null,"abstract":"The historical context in which Jose Sarney assumed the presidency accounted for one of the main reasons for their weakness when he assumed the government. Housed in the historic moment of the decline of the military regime, the president-elect in opposition plate reaped the hostility of the streets and the indifference of the political establishmet. Knowing he could not count on the support of the political class nor the Brazilian society, Sarney tried to make the economic measures of broad popular impact his primary vehicle for legitimacy. After collapsing the Cruzado Plan, the president tried to make the negotiation of external debt his main political banner. He has sought, through the boastful tone in which he involved it, raise the internal support they so desperately needed.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134086168","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":"Investimentos em infraestrutura de transportes e desigualdades regionais no Brasil: uma análise dos impactos do Programa de Aceleração do Crescimento (PAC)","authors":"G. Silva, Humberto Martins, Henrique Dantas Neder","doi":"10.1590/0101-31572016V36N04A10","DOIUrl":"https://doi.org/10.1590/0101-31572016V36N04A10","url":null,"abstract":"O trabalho tem por objetivo analisar os efeitos dos investimentos em infraestrutura, em particular, de transportes, realizados no âmbito do Programa de Aceleracao do Crescimento (PAC) sobre a dinâmica regional brasileira. As hipoteses investigadas no trabalho sao: (i) os investimentos em infraestrutura contribuem para o crescimento economico dos estados brasileiros; (ii) os investimentos em infraestrutura realizados no âmbito do PAC tem contribuido para aumentar as taxas de crescimento economico dos estados brasileiros, (iii) bem como para alterar a dispersao das taxas de crescimento economico entre os estados, em particular, a favor dos estados de menor produto. Para tanto, emprega-se a metodologia de dados em painel e bootstrapping para as estimativas e predicoes realizadas, respectivamente. Os resultados empiricos confirmaram apenas a primeira hipotese, mas nao as demais, indicando que o PAC nao tem contribuido significativamente para aumentar a taxa media de crescimento do produto per capita dos estados nem para reduzir as desigualdades regionais no pais.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"172 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115701599","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":"Desalinhamento cambial, volatilidade cambial e crescimento econômico: uma análise para a economia brasileira (1995-2011)","authors":"F. V. Vieira, Aderbal Oliveira Damasceno","doi":"10.1590/0101-31572016V36N04A03","DOIUrl":"https://doi.org/10.1590/0101-31572016V36N04A03","url":null,"abstract":"The goal of this work is to investigate the relevance of exchange rate misalignment and volatility for the Brazilian growth rate for the period of 1995 to 2011. The evidence suggest: i) the exchange rate misalignment is relevant to explain economic growth for the Brazilian economy and exchange rate under depreciation (over appreciation) foster (mitigates) economic growth; ii) exchange rate volatility is relevant to explain economic growth for the Brazilian economy and higher (lower) exchange rate volatility mitigates (foster) economic growth; iii) changes in the investment rate and the growth rate of exports have positive estimated coefficients for the growth model. As a recommendation policy, the suggestion is to keep the real exchange rate at a competitive level with low volatility.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128711831","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":"Local multiplier of industrial employment: Brazilian mesoregions (2000-2010)","authors":"Guilherme Matoso Macedo, L. Monasterio","doi":"10.1590/0101-31572015V36N04A09","DOIUrl":"https://doi.org/10.1590/0101-31572015V36N04A09","url":null,"abstract":"Este trabalho estima o multiplicador local de longo prazo da emprego industrial para as mesorregioes brasileiras. A metodologia toma como base os estudos de (Moretti, 2010) e (Moretti e Thulin, 2012), que estimaram os multiplicadores locais do emprego para os Estados Unidos e para a Suecia, respectivamente. Foram avaliados os impactos da variacao de empregos no setor industrial sobre o emprego no setor de servicos, bem como o impacto da variacao de empregos nos setores industriais de alta e de baixa tecnologia sobre o emprego nos setores de servicos. Essas estimativas permitiram avaliar o impacto de mudancas do emprego industrial nas economias locais. Fez-se uso de uma variavel instrumental fundamentada no metodo estrutural-diferencial (shift-share). Foram utilizados dados de emprego da Relacao Anual de Informacoes Sociais (RAIS) de 2000, 2005 e 2010, para 21 subsetores de atividade economica e 123 mesorregioes. Estimou-se que, no nivel mesorregional, para cada emprego gerado nos setores industriais quatro sao criados nos setores de servicos, no longo prazo. Tambem foi calculado que, para cada emprego gerado nos setores industriais de alta intensidade tecnologica, sao criados cerca de sete empregos nos setores de servicos, no nivel mesorregional, no longo prazo.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"110 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124087580","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":"National Innovation System and external constraint on growth","authors":"Marco Flávio Cunha Resende, D. Torres","doi":"10.1590/0101-31572016V36N04A05","DOIUrl":"https://doi.org/10.1590/0101-31572016V36N04A05","url":null,"abstract":"According to the literature on export-led growth models differences in income elasticities of demand for imports and exports among countries bring about different degrees of external constraint on growth. However, there is not in this literature an explanation that uses the Evolutionary concept of National Innovation System (NIS) that shows why there are differences in income elasticities among countries. Moreover, there is not a consensus about the exogenicity of the elasticities. Some authors highlight the high level of income elasticity of demand for exports in sectors with high level of technological intensity. However these authors seem to not explain the motive for this. The aim of this paper is to theoretically show the causal relation between an economy's NIS, its income elasticities and its Current Account performance. It also aims to show the role of NIS in the exogeinicity/endogeinicity of the income elasticities. Empirical evidence and a Granger Causality Test are presented and do not reject the core argument of the paper.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126788435","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":"Notas críticas sobre O Capital no século XXI de Thomas Piketty","authors":"Rosa Maria Marques, Marcel Guedes Leite","doi":"10.1590/0101-31572016V36N04A02","DOIUrl":"https://doi.org/10.1590/0101-31572016V36N04A02","url":null,"abstract":"This article aims to analyze some aspects of the latest book by Thomas Piketty, Capital in the Twenty-First Century from a Marxist point of view. The relationships that underlie his long-term analysis of the unequal distribution of income and wealth are addressed, his concepts of capital and long-term, as well as his interpretation of Marx's thought. The article also raised some problems in his database. The analysis takes as its starting point the criticism made by some renowned Marxist authors such as Michel Husson, David Harvey and Yanis Varoufakis, as well as Robert Boyer. Among the conclusions, it is highlighted the fact that Piketty's study is theoretically poorly grounded.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"454 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116767272","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":"O novo desenvolvimentismo: uma contribuição institucionalista","authors":"Herton Castiglioni Lopes","doi":"10.1590/0101-31572015V36N04A08","DOIUrl":"https://doi.org/10.1590/0101-31572015V36N04A08","url":null,"abstract":"O trabalho objetiva analisar o novo desenvolvimento a partir da Teoria da Regulacao (T.R.), do institucionalismo derivado de Veblen e da teoria evolucionaria neoschumpeteriana. Demonstra que o novo desenvolvimento e uma instituicao ao estabelecer uma regulacao (formas institucionais) que considere as caracteristicas estruturais dos paises em desenvolvimento. Essa configuracao macroeconomica, em conjunto com os habitos mentais dos agentes, deve fortalecer as relacoes de mercado, os investimentos produtivos, a inovacao e o progresso tecnico. Este ultimo deve acontecer a partir das oportunidades abertas pelas revolucoes tecnologicas, permitindo o catching up das nacoes menos desenvolvidas (de renda media).","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"5 24","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132275060","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":"Piketty in the light of Pasinetti and Foley: Income distribution, economic growth and financial fragility","authors":"Marwil J. Dávila-Fernández, J. Oreiro","doi":"10.1590/0101-31572015V36N04A01","DOIUrl":"https://doi.org/10.1590/0101-31572015V36N04A01","url":null,"abstract":"The paper discusses the hypothesis that the functional distribution of income is not necessary stable along the growth path of a capitalist economy. We reviewed Pasinetti and Foley models showing that if we use the traditional definition of capital, i.e., capital as the value of productive resources (i) r > g is a necessary condition for the existence of balanced growth, and it will not lead to an explosive process of income concentration and (ii) r > i is a necessary condition for a financially robust growth path. Thus we conclude that from a post-Keynesian perspective, Piketty's argument that the root of the increase of inequality in capitalism is that the capital return rate is higher than the growth rate of the economy is wrong.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114379073","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":"The role of transnational corporations in the international insertion of Brazilian manufactures in the context of productive restructuring","authors":"A. Pereira, Ricardo Dathein","doi":"10.1590/0101-31572015V36N04A06","DOIUrl":"https://doi.org/10.1590/0101-31572015V36N04A06","url":null,"abstract":"This study analyzes the influence of the international trade pattern of Transnational Corporations (TNCs) on the international insertion of Brazilian manufacturing industry between 1995 and 2005, based on data of the Census of Foreign Capitals of the Central Bank of Brazil. The work aims to investigate to what extent increased international insertion of TNCs in national economies has contributed to the evolution of Brazilian manufactures in terms of international trade. It has been concluded that the significant participation of TNCs in Brazilian foreign trade reveals that the international insertion of the country's industrial output presents an increasing dependency on strategic decisions of TNCs.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133087127","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":"Is this 'it'? An outline of a theory of depressions","authors":"F. J. C. Carvalho","doi":"10.1590/0101-31572015V36N03A01","DOIUrl":"https://doi.org/10.1590/0101-31572015V36N03A01","url":null,"abstract":"The crisis initiated in the United States in 2007, and spread worldwide in 2008, has been compared to the Great Depression of the 1930s. They have in common a deep fall in the level of activity (although in the 2010s government intervention was able to contain the fall before it could reach the dimensions of the 1930s), followed by a period where recovery is uncertain and fragile, as has been the case both in the US and in Western Europe. The paper outlines a theory of depression that comprises both aspects. The theory draws on the theoretical contributions of Keynes, Fisher, Minsky and Leijonhufvud, proposing that the concept of \"corridor of stability\" may help to explain how an initial adverse aggregate shock may lead to a contractionary spiral, where debt deflation is main mechanism to explain the downward movement of the economy and why one should expect a period of weak and volatile recovery to follow it.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134189006","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}