The implications of embodiment and Putty-Clay to economic development

In this paper we construct and analyze a growth model with the following three ingredients. (i) Technological progress is embodied. (ii) The production function of a firm is such that the firm makes both technology upgrade as well as capital and labor decisions. (iii) The firm’s production technology is putty-clay. We assume that there are disincentives to the accumulation of capital, resulting in a divergence between the social and the private cost of investment. We solve a single firm’s problem in this environment. Then we determine general equilibrium prices of capital goods of different vintages. Using these prices we aggregate firms’ decisions and construct the theoretical analogues of National Income statistics. This generates a relationship between disincentives and per capita incomes. We analyze this relationship and show the quantitative and qualitative roles of embodiment and putty-clay. We also show how the model is taken to data, quantified and used to determine to what extent income gaps across countries can be attributed to disincentives.

Housing development in Latin America and the Caribean, its measuring and its determinants

This text briejly describes the Housing Development lndex (HDI). Following a concise introduction on the reasons for this research, HDI's methodology, characteristics, properties and databases supporting its calculation are discussed. Next, the third part presents, analyzes and compares the HDI's figures for Brazil and some other Latin American countries. The part that follows shows HDI figures for all states in Brazil and points out the regional differences and the indicator 's recent growth. Then, this paper analyses the injluence of some social and economic variables on the HDI and, finally, it makes some considerations on HDI.

Brazil and Turkey, a comparative analysis of both countries' economic development and institutional design from the Great Depression to the early 21st century

Apos uma década de rápido crescimento econômico na primeira década do século 21, Brasil e Turquia foram considerados duas das economias emergentes mais dinâmicas e promissoras. No entanto, vários sinais de dificuldades econômicas e tensões políticas reapareceram recentemente e simultaneamente nos dois países. Acreditamos que esses sinais e a sua simultaneidade podem ser entendidos melhor com um olhar retrospectivo sobre a história econômica dos dois países, que revela ser surpreendentemente paralela. Numa primeira parte, empreendemos uma comparação abrangente da história econômica brasileira e turca para mostrar as numerosas similaridades entre os desafios de política econômica que os dois países enfrentaram, assim como entre as respostas que eles lhes deram desde a virada da Grande Depressão até a primeira década do século 21. Essas escolhas de política econômica comuns dão forma a uma trajetória de desenvolvimento notavelmente análoga, caracterizada primeiro pela adoção do modelo de industrialização por substituição das importações (ISI) no contexto da recessão mundial dos anos 1930; depois pela intensificação e crise final desse modelo nos anos 1980; e finalmente por duas décadas de estabilização e transição para um modelo econômico mais liberal. Numa segunda parte, o desenvolvimento das instituições econômicas e políticas, assim como da economia política subjacente nos dois países, são analisados comparativamente a fim de prover alguns elementos de explicação do paralelo observado na primeira parte. Sustentamos que o marco institucional estabelecido nos dois países durante esse período também têm varias características fundamentais em comum e contribui a explicar as escolhas de política econômica e as performances econômicas comparáveis, detalhadas na primeira parte. Este estudo aborda elementos do contexto histórico úteis para compreender a situação econômica e política atual nos dois países. Potencialmente também constitui uma tentativa de considerar as economias emergentes numa perspectiva histórica e comparativa mais ampla para entender melhor as suas fraquezas institucionais e adotar um olhar mais equilibrado sobre seu potencial econômico.

Judicial system performance and economic development

The role of judicial systems in determining economic perfonnance has gained increasingly attention in recent years. Nonetheless, the literature lacks a clearly articulated framework to examine how judicial systems influence the investment and production decisions of economic agents. This paper tries to till in this gap. It examines what constitutes a well-functioning judiciary, analyzes how dysfunctional judicial systems compromise economic growth, and reviews the relevant empirical literature. It concludes with some remarks about why, despite the widespread perception that well-functioning legal and judicial systems are key to the success of market-oriented reforms in developing and transition countries, judicial refonn has lagged so much behind other reforms.

Immature development in the tramp species ant Paratrechina longicornis (Hymenoptera, formicidae)

The genus Paratrechina (Motschulsky) is composed of about 147 cosmopolitan ant species and subspecies, of which some were accidentally spread by commerce around the world, infesting houses and hospitals. In Brazil, two species are of remarkable economic importance: Paratrechina fulva (Mayr) and Paratrechina longicornis (Latreille). The present paper aims to report the following aspects on the biology of P. longicornis: number of larval instars, growth rates, duration and viability of the developmental stages and some observations on brood-care behaviour. Artificial colonies were kept under controlled temperature (25±2°C) and relative humidity (60±10%) conditions. To access the number of larval instars, we analyzed 1531 larvae fixed in Dietrich by measuring their maximum head capsule widths. We analysed ten artificial colonies daily to measure the developmental time and viability of immatures. We found P. longicornis presented three larval instars and a mean growth ratio of 1.2988. Egg stage was found to last 16.1 ±0.1 days, with a viability of 24.6%; larval stages were found to last 18.3±0.1 days, with a viability of 33.3% and the pupal stage was found to last 12.3±0.1 days, with a viability of 65.3%.

The outlook for agriculture and rural development in the Americas: a perspective on Latin America and the Caribbean, 2009

Includes bibliography

The outlook for agriculture and rural development in the Americas: a perspective on Latin America and the Caribbean, 2010

Includes Bibliography

Investment and economic reform in Latin America

Includes bibliography

Growth with stability: financing for development in the new international context

Includes bibliography

The sustainability of development in Latin America and the Caribbean: challenges and opportunities

Includes bibliography

A decade of social development in Latin America, 1990-1999

Includes bibliography

Millennium development goals: advances in environmentally sustainable development in Latin America and the Caribbean

Includes bibliography

Climate Change and Development in Latin America and the Caribbean. Overview 2009

Includes bibliography

Sustainable Development in Latin America and the Caribbean. Follow-up to the United Nations development agenda beyond 2015 and to Rio+20

Includes bibliography

The contribution of biofuels to the sustainability of development in Latin America and the Caribbean

Includes bibliography