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    Incomplete markets, continuum of states and default
    (Springer Verlag, 1998-01) Araújo, Aloísio Pessoa de; Monteiro, P. K.; Pascoa, Mario Rui
    We show that when bankruptcy, subject to penalties, is allowed, it is possible to prove the existence of equilibrium in a model with a continuum of states without imposing any assumptions on ex-post endowments.
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    The professional and political impacts of the internationalization of economics in Brazil
    (Duke Univ Press, 1996) Loureiro, Maria Rita Garcia
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    Business ethics in Latin America
    (Kluwer Academic Publ, 1997-10) Arruda, Maria Cecilia Coutinho de
    Business ethics is a relatively new topic of academic discussion in Latin America. Corruption and impunity came to be serious moral diseases in the region, probably as a result of a long period of dictatorship in most countries. Low ethical standards in the politics have had deep impact on individuals, organizations and economic systems. Excessive consumption, materialism and selfishness, in contrast with real poverty, have been responsible for a sloppiness in attitudes and principles in many Latin American countries. Even though the majority of the population belongs to the Roman Catholic Church, the lack of education has led people to a dichotomy: faith and business practices are often very distant from each other. Several isolated efforts have been done in order to enhance business ethics through education, publications and professional activities. The relationship business-academia has proved to be an excellent initiative for this objective, mainly in Mexico, Brazil and Peru.
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    'For the english to see': the importation of managerial technology in late 20th-century Brazil
    (Sage Publications Ltd, 1997-11) Caldas, Miguel Pinto; Wood Junior, Thomaz
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    Net and total transition costs: the timing of economic reform
    (Pergamon-Elsevier Science Ltd, 1997-06) Bresser-Pereira, Luiz Carlos; Abud, Jairo
    Countries face an ongoing need for fiscal adjustment and economic reform - adjustment and reforms that involve short-term transition costs. Thus economic agents, depending on their time preference for present consumption or on the level of economic populism in a given society, will postpone the required measures. On the other hand, if the corrective measures are not adopted, after a certain lapse of time procrastination costs arise. The net transition costs of adjustment and reform are the difference between these two costs: they may explain the timing of reform. If adjustment and reform is undertaken soon after economic distortions appear, the net transition costs will be high, but, as a tradeoff, recovery will come sooner. As economic agents show a greater preference for present consumption, they will postpone adjustment and reform. Then, the procrastination costs will start to rise. This trend may reach a point where the cost curve of adjustment and reform cross the procrastination cost curve. At this point net transition costs turn negative, so that even for the more populist economic agents that give full preference for present consumption, it becomes rational to adjust and reform. (C) 1997 Elsevier Science Ltd.
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    Envahir, conseiller et gouverner...la ville d'Amérique latine
    (Sage Publications Ltd, 1993-06) Henry, Etienne; Sachs-Jeantet, Céline
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    Estimating common sectoral cycles
    (Elsevier Science Bv, 1995-02) Engle, R. F.; Issler, João Victor
    We investigate in this paper the degree of short-run and long-run comovement in U.S. sectoral output data by estimating sectoral trends and cycles. A theoretical model based on Long and Plosser (1983) is used to derive a reduced form for sectoral outputs from first principles. Cointegration and common-cycle tests are performed; sectoral output data seem to share a relatively high number of common trends and a relatively low number of common cycles. A special trend-cycle decomposition of the data set is performed, and the results indicate a very similar cyclical behavior across sectors and very different behavior for trends. In a variance decomposition analysis, prominent sectors such as Manufacturing and Wholesale/Retail Trade exhibit relatively important transitory shocks.
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    Economic reforms and cycles of state intervention
    (Pergamon-Elsevier Science Ltd, 1993-08) Bresser-Pereira, Luiz Carlos
    This paper views recent programs of ''state-shrinking'' within a long-term cyclical perspective. It argues that the recent ''crisis of the state'' in Latin America and Eastern Europe is a product of the excessive and distorted pattern of state growth during the expansionary phase of the cycle. The current phase is one of necessary reform and privatization, but there will be no final ''minimal'' state as theorized by the neoliberals. On the contrary, the cyclical pattern will produce a reorganized state, ready to intervene and grow again. The paper discusses both the economic and the political forces at work in these cycles, invoking not only Kondratieff but also Hirschman. Unless the present generation of reformers learn to recognize the cyclical context within which they are operating, and to accept that a strong (reformed) state is required for the resumption of growth and the consolidation of democracy, they risk promoting measures which may eventually prove harmful both to market-oriented reform and to political liberty.
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    Populism and economic policy in Brazil
    (Univ Miami, 1991-08) Bresser-Pereira, Luiz Carlos
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    The perverse logic of stagnation: debt, deficit, and inflation in Brazil
    (M E Sharpe Inc, 1990-08) Bresser-Pereira, Luiz Carlos
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    The general existence of extended price equilibria with infinitely many commodities
    (Academic Press Inc Jnl-Comp Subscriptions, 1994-08) Araújo, Aloísio Pessoa de; Monteiro, P. K.
    This paper deals with the existence of equilibria with infinitely many goods. Its main goal is to show that when restricted to the set of feasible allocations there exists an economically meaningful price (in the sense that a price in L1 is economically meaningful but a purely finitely additive measure is not). We cover both the L(p) (1 less-than-or-equal-to p less-than-or-equal-to infinity) and M(K) cases. (C) 1994 Academic Press, Inc.
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    Indexation and inflationary inertia: Brazil 1964-1985
    (World Bank Publications, 1989-09) Barbosa, Fernando de Holanda; McNelis, Paul D.
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    Industrial priorities in developing countries - United Nations Industrial Development Organization
    (Helbing & Lichtenhahn Verlag Ag, 1981) Gersdorff, Ralph von
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    The urban informal sector
    (Helbing & Lichtenhahn Verlag Ag, 1981) Gersdorff, Ralph von
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    Financing social security
    (Helbing & Lichtenhahn Verlag Ag, 1981) Gersdorff, Ralph von
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    Country debt problems: the Brazilian case
    (Cato Institute, 1984) Langoni, Carlos Geraldo
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    The U.S. Graduate Training in Agricultural Economics: The perspective of a former foreign student
    (Amer Agricultural Economics Assoc, 1983) Brandão, Antônio Salazar Pessôa
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    Seis interpretações sobre o Brasil
    (IUPERJ IEEE Computer Soc, 1982) Bresser-Pereira, Luiz Carlos
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    Pitfalls in planning for multinational operations
    (Pergamon-Elsevier Science Ltd, 1980) Brandt, William K.; Hulbert, James M.; Richers, Raimar