Revista Brasileira de Economia最新文献_第9页

Minimum Initial Application and Price Discrimination in the Fund Market 基金市场的最低初始申请量与价格歧视

Revista Brasileira de Economia Pub Date : 2019-12-19 DOI: 10.5935/0034-7140.20190022

R. Castilho

引用次数: 0

O investimento na Indústria antes de 1930: Uma Análise Empírica com Registros de Empresas da Junta Comercial do Estado de São Paulo, 1911-1920 1930年以前的工业投资：对1911-1920年圣保罗州商业委员会公司登记册的实证分析

Revista Brasileira de Economia Pub Date : 2019-12-19 DOI: 10.5935/0034-7140.20190024

Michel Deliberali Marson

引用次数: 0

A time series analysis of household income inequality in Brazil 1977 to 2013 1977 - 2013年巴西家庭收入不平等的时间序列分析

Revista Brasileira de Economia Pub Date : 2019-12-19 DOI: 10.5935/0034-7140.20190021

Marcel Caparoz, Emerson Fernandes Marçal, Enlinson Mattos

{"title":"A time series analysis of household income inequality in Brazil 1977 to 2013","authors":"Marcel Caparoz, Emerson Fernandes Marçal, Enlinson Mattos","doi":"10.5935/0034-7140.20190021","DOIUrl":"https://doi.org/10.5935/0034-7140.20190021","url":null,"abstract":"Abstract This paper analyses the evolution of household income inequality in Brazil from 1977 and 2013 using Brazilian National Household Survey data at aggregated and regional levels. Four income shares quantiles are analyzed: Top 1%, Top 10%, Bottom 10% and Bottom 50%. The novelty of our study is to use time series techniques to understand the phenomenon of income inequality within this period. We use Markov-Switching Regime Change Model (Hamilton (1989)) and State Space Unobservable Model (Harvey (1990)) techniques. Both strategies suggest that income concentration periods are related to low growth rates but high inflation rates as opposed to many developed countries (Piketty and Saez (2014)). Results from Markov-switching models suggest a detection of a new regime during first decade of 2000's in poorest quantiles (bottom 10% and 50%) increasing their correspondent income shares. Moreover a regime of low shares started to prevail at the same time for Top 10% whereas for those at the Top 1% had prevailed a concentrated income share regime during eighties and nineties. We argue that Brazilian macroeconomic instability helped to produce a regime of low income shares at the bottom of the distribution. Our results suggest that recent inequality reduction in the shares of top 1% quantile can be seen as a “back to normality” instead of “a new era” whereas significant changes can be seen in other quantiles. State space models results also suggests that macroeconomic of the eighties had a severe effects on Brazilian inequality whereas the dynamics of Top 1% income shares reinforce the return of 70's level considering aggregated data. Last, our estimates unveil important regional differences in many quantiles mainly on the low brackets where poorer regions seem to have persistent income-inequality that take longer to be reduced.","PeriodicalId":52490,"journal":{"name":"Revista Brasileira de Economia","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42577280","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}

引用次数: 0

Do as I Do, Not as I Say: Incentivization and the Relationship Between Cognitive Ability and Risk Aversion 照我做的做，不要照我说的做:激励与认知能力和风险厌恶之间的关系

Revista Brasileira de Economia Pub Date : 2019-12-19 DOI: 10.5935/0034-7140.20190019

Sergio Almeida

引用次数: 4

Uma Calibragem do Modelo de Krugman-Flood-Garber para o Caso Brasileiro 克鲁格曼-洪水-加伯模型对巴西案例的校准

Revista Brasileira de Economia Pub Date : 2019-12-19 DOI: 10.5935/0034-7140.20190020

A. Araújo, Tomás Brisola

引用次数: 1

Uma nota sobre o impacto da presença de um idoso aposentado na saúde das famílias no Brasil 关于巴西退休老人的存在对家庭健康的影响的说明

Revista Brasileira de Economia Pub Date : 2019-09-20 DOI: 10.5935/0034-7140.20190017

V. Orellano, Júlia Emília dos Santos Neto, Enlinson Mattos

引用次数: 1

Pricing Crop Revenue Insurance using Parametric Copulas 作物收益保险定价的参数公式

Revista Brasileira de Economia Pub Date : 2019-09-20 DOI: 10.5935/0034-7140.20190015

G. V. Duarte, V. Ozaki

引用次数: 7

Uma nota sobre consumo energético, emissões, renda e emprego na cadeia da soja no Brasil 关于巴西大豆链的能源消耗、排放、收入和就业的说明

Revista Brasileira de Economia Pub Date : 2019-09-20 DOI: 10.5935/0034-7140.20190016

Marco Antonio Montoya, Luís Antônio Sleimann Bertussi, Ricardo Luis Lopes, E. B. Finamore

引用次数: 9

Teoria Macroeconômica com Fragilidade Fiscal 财政弱势的宏观经济理论

Revista Brasileira de Economia Pub Date : 2019-09-20 DOI: 10.5935/0034-7140.20190013

A. Araújo

引用次数: 0

Non-Durable Consumption and Real-Estate Prices in Brazil: Panel-Data Analysis at the State Level 巴西的非持久消费和房地产价格:州一级的面板数据分析

Revista Brasileira de Economia Pub Date : 2019-09-20 DOI: 10.5935/0034-7140.20190014

Victor Pina Dias, Érica Diniz, J. Issler

{"title":"Non-Durable Consumption and Real-Estate Prices in Brazil: Panel-Data Analysis at the State Level","authors":"Victor Pina Dias, Érica Diniz, J. Issler","doi":"10.5935/0034-7140.20190014","DOIUrl":"https://doi.org/10.5935/0034-7140.20190014","url":null,"abstract":"Housing is an important component of wealth for a typical household in many countries. The objective of this paper is to investigate the effect of real-estate price variation on welfare, trying to close a gap between the welfare literature in Brazil and that in the U.S., the U.K., and other developed countries. Our first motivation relates to the fact that real estate is probably more important here than elsewhere as a proportion of wealth, which potentially makes the impact of a price change bigger here. Our second motivation relates to the fact that real-estate prices boomed in Brazil in the last five years. Prime real estate in Rio de Janeiro and Sao Paulo have tripled in value in that period, and a smaller but generalized increase has been observed throughout the country. Third, we have also seen a recent consumption boom in Brazil in the last five years. Indeed, the recent rise of some of the poor to middle-income status is well documented not only for Brazil but for other emerging countries as well. Regarding consumption and real-estate prices in Brazil, one cannot imply causality from correlation, but one can do causal inference with an appropriate structural model and proper inference, or with a proper inference in a reduced-form setup. Our last motivation is related to the complete absence of studies of this kind in Brazil, which makes ours a pioneering study. We assemble a panel-data set for the determinants of non-durable consumption growth by Brazilian states, merging the techniques and ideas in Campbell and Cocco (2007) and in Case, Quigley and Shiller (2005). With appropriate controls, and panel-data methods, we investigate whether house-price variation has a positive effect on non-durable consumption. The results show a non-negligible significant impact of the change in the price of real estate on welfare consumption), although smaller then what Campbell and Cocco have found. Our findings support the view that the channel through which house prices affect consumption is a financial one.","PeriodicalId":52490,"journal":{"name":"Revista Brasileira de Economia","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44068245","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}

引用次数: 0