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.