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This paper tests the hypothesis that, by giving people more voice in the government decision-making process, fiscal decentralisation fosters social capital, measured in terms of interpersonal trust.
Brazil has recently delivered remarkable performance in economic, social and financial terms. However, Brazil still needs to address longer-term challenges to continue to bolster the economy’s growth potential and close the gap in living standards in relation to the OECD area at a faster pace.
To investigate the possible impact of terms of trade gains on the real economy, this paper estimates normalised quadratic input demand and output supply functions for the Brazilian economy during 1997-2008.
To shed further light on this issue in the context of emerging market economies, this paper uses Brazilian data to estimate the determinants of the current account in a smooth transition vector autoregressive (ST VAR) setting.
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Brazil has now entered a more advanced phase of economic development, with the need to strengthen the institutional foundations for a market-based economy.
This review analyses the challenges of strengthening regulatory governance in Brazil to improve economic growth, with appropriate regulatory frameworks for core infrastructure sectors.
The conference, held from 12-13 December 2002 in Fortaleza, Brazil, provided a valuable opportunity to bring together key actors from the public and private sectors.