{"title":"Política cambial no Brasil: um esquema analítico","authors":"P. Rossi","doi":"10.1590/0101-31572015V35N04A02","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N04A02","url":null,"abstract":"This paper aims to address the exchange rate policy in Brazil from an approach centered in the Brazilian foreign exchange market's institutional framework. The purpose is to evaluate how this institutionality affects the exchange rate policies and, in particular, how financial speculation operates in this institutional framework. It argues that the Brazilian foreign exchange market is particularly susceptible to financial speculation and therefore the regulation of foreign exchange market and, in particular, the derivatives market, is recommended to allow a more appropriate exchange rate policy for economic development.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120947724","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":"Breve história da edição crítica das obras de Karl Marx","authors":"Hugo E. A. da Gama Cerqueira","doi":"10.1590/0101-31572015V35N04A08","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N04A08","url":null,"abstract":"This paper discusses the attempts to publish a historical-critical edition of the works of Karl Marx, the Marx-Engels Gesamtausgabe (MEGA): the first one, which was led by David Riazanov in the 1920s and 1930s, and the second one, the MEGA2 project which begun in the 1970s and is still in course of publication. The paper presents these two editions and discusses their impact on the interpretation of Marx's economic and philosophical thought.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126743925","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 economia neoclássica: uma análise lakatosiana Da cheia do mainstream até sua implosão","authors":"Alain Herscovici","doi":"10.1590/0101-31572015V35N04A06","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N04A06","url":null,"abstract":"Neoclassical Economics: a Lakatosian approach. This paper aims to define, from a Lakatosian approach, the neoclassical scientific research program (SRP). For such purpose, I will compare this SRP with the ones of the new institutional economics (Coase and Williamson) and the New Information Economics (Akerlof, Grossman e Stiglitz) and, by using the notion of implosion, I will highlight its limits. After discussing Lakatos' method and drawing upon his approach to define the Neoclassical SRP, the paper defines and explain the Neoclassical SRP implosion.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127902855","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":"Finance, development and the Chinese entrepreneurial state: A Schumpeter-Keynes - Minsky approach","authors":"Leonardo Burlamaqui","doi":"10.1590/0101-31572015V35N04A03","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N04A03","url":null,"abstract":"The paper’s central claim is that China’s speed and ability to leapfrog its peer-nations in the last three decades stems, largely, from the fact that it is a fully developed Entrepreneurial State (ES). The discussion seeks to dig deeper on ES as a bridging concept that fits well with the Schumpeter-Keynes-Minsky analytical framework and one that is particularly appropriated analyzing contemporary China’s development trajectory. Although rooted in a historical perspective and using historical examples, the main purpose of the paper is analytical, not descriptive. \u0000JEL Classification: O1; O33; O38.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"13 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126096295","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":"Desindustrialização e o investimento em infraestrutura como instrumento conciliador de uma política industrial base no Brasil","authors":"Marwil J. Dávila-Fernández","doi":"10.1590/0101-31572015V35N03A11","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N03A11","url":null,"abstract":"Deindustrialization and investment in infrastructure as a conciliatory alternative for the Brazilian industrial policy. The poor performance of the Brazilian industry in the post-crisis 2008, resumed the debate surrounding the need of an industrial policy outline. Accordingly, and given its characteristics, the investment in infrastructure figures a conciliatory and efficient alternative in the task of returning competitiveness to this sector. Thus, this paper aims to deepen the debate on the issue of deindustrialization of the Brazilian economy and contribute to the discussion on the functionality of infrastructure investment as an instrument of industrial policy, emphasizing its conciliator character in what we call here a base industrial policy.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127518057","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":"Why budget accountability fails? The elusive links between parliaments and audit agencies in the oversight of the budget","authors":"C. Santiso","doi":"10.1590/0101-31572015V35N03A12","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N03A12","url":null,"abstract":"Parliaments and audit agencies have critical and complementary roles in the oversight of the budget and the enforcement of government accountability. Yet, the nexus between parliaments and audit agencies is one of the weakest links in the accountability chain, generating an accountability gap in the budget process. This articles analyses the interactions between parliaments and audit agencies in the oversight of government finances during the latter stages of the budget process. Using proxies to evaluate the quality of those linkages, such as the follow-up to audit findings and the discharge of government, it shows important dysfunctions in the interactions between parliaments and audit agencies due to a combination of technical capacity constraints and political economy disincentives. It suggests that the effective functioning of the system of checks and balances in public budgeting critically hinges on the agility of the linkages between accountability institutions. As such, the failure of budget accountability is due to systemic dysfunctions in the systems of accountability, rather than the failure of an individual accountability institution acting in isolation. In addition, the effectiveness of the horizontal accountability architecture depends on the political economy incentives shaping the budget process, which are generated by the interactions between the choice of institutional design and budget rules, with the degree of political competition and electoral rules.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115783212","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}
Camila do Carmo Hermida, A. P. Avellar, Clésio Lourenço Xavier, M. A. D. R. Botelho
{"title":"Desempenho e fragmentação da indústria de alta tecnologia do Mercosul","authors":"Camila do Carmo Hermida, A. P. Avellar, Clésio Lourenço Xavier, M. A. D. R. Botelho","doi":"10.1590/0101-31572015V35N03A13","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N03A13","url":null,"abstract":"Performance and fragmentation of Mercosur high-tech industry. The objective of this paper is to evaluate the actual insertion of the Mercosur in the international trade of goods with high technology and the degree of progress along the technological chain. The main contribution of this paper is to construct an indicator of value added, results from the difference between exports of final goods and imports of parts and components. This indicator allows a more appropriate analysis in terms of trade balance, of sectors increasingly embedded in processes of production fragmentation. The main conclusion is that there is no strong evidence that such countries are moving towards more downstream stages of the value chains in high technology sectors, except for the aircraft industry (especially Brazil).","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134288942","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 reação da elite política incumbente na abertura democrática brasileira","authors":"Raphael Bruce, R. Rocha","doi":"10.1590/0101-31572015V35N03A14","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N03A14","url":null,"abstract":"The reaction of the political incumbent elites in the Brazilian democratic opening. This paper examines one of the possible channels through which incumbent elites aligned with the Brazilian dictatorship were able to withhold their political power during the democratization in the 1980s. Based on national household survey data and results from legislative elections, we first find that recently franchised illiterate voters who lived in states that were dominated by the elite party during the dictatorship had a higher probability to register to vote than those who lived in other states. We then investigate whether this positive correlation represents a reaction from the incumbent elites in order to keep their political power through voter manipulation or a reaction from these voters in order to remove the power from the oligarchies. We find that, in states dominated by the elite party, illiterates had higher probability of being politically uninterested and uninformed. Our results suggest that a politically motivated reaction from this population is implausible","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134383742","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":"As armadilhas do tripé da política macroeconômica brasileira","authors":"André Nassif","doi":"10.1590/0101-31572015V35N03A03","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N03A03","url":null,"abstract":"The traps of the tripad of the Brazilian macroeconomic policy. This paper analyses the so-called tripod of the Brazilian macroeconomic policy, which since 1999 has been combining an inflation target regime, a floating exchange rate regime and targets for primary fiscal surplus. I argue that, unless its modus operandi is changed, the tripod will not be able to free the Brazilian economy from another \"possible trinity\": high real interest rates, real exchange rate appreciation and very low economic growth. After briefly analysing the theoretical base under the macroeconomic tripod, I will show why this macroeconomic policy regime, if it is evaluated in a medium or long-term perspective, has not been able to assure neither price stability nor economic growth. In addition to the suggestion of breaking with the Brazilian strategy of growing with foreign savings, the paper also suggests three main ways of changing the modus operandi of the Brazilian tripod: i) increase the time horizon for reaching the inflation target, as has been the experience of most countries that adopt this monetary policy regime; ii) restore the countercyclical role of the Brazilian fiscal policy; and iii) adopt a mix of instruments aiming at preventing the Brazilian currency from entering into a new cyclical trend of appreciation in real terms.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121627806","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":"David Hume e as finanças de James I","authors":"Rogério Arthmar","doi":"10.1590/0101-31572015V35N03A15","DOIUrl":"https://doi.org/10.1590/0101-31572015V35N03A15","url":null,"abstract":"David Hume and the finances of James I. This paper examines David Hume's analysis, conducted i,n his book History of England, of the struggle between parliament and King James I over the Crown finances during the first quarter of the 17th century. Initially, it presents the main political elements behind the quarrel played out in the heart of England's political power, followed by the Scottish writer's comments on the royal finances, with emphasis on his views about the Crown receipts and expenditures during James's I reign. In the end, the long run determinants of the parliamentary resistance to regal power identified by Hume are retrieved.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124523983","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}