Política fiscal anticíclica, crise financeira internacional e crescimento econômico no Brasil

This study analyzes the long run equilibrium relationship and causality between economic growth and public expenditure in Brazil covering the period 1980-2008. The empirical results of the Granger causality test in a multivariate framework have shown up the importance of public investments not only to face the adverse effects of the international financial crisis, but also in stimulating the economic growth. Also, the results indicate the need of controlling the growing path of other current expenditure, social security and public debt.

Reciprocidade implícita e crescimento na economia internacional: uma perspectiva estruturalista

Implicit reciprocity and growth in the international economy: a structuralist perspective. This paper discusses some of the structuralist ideas about international coordination and growth in an international system formed by countries whose productive structures and technological capabilities are strongly asymmetric. These ideas are formalized taking as a point of departure the Keynesian Balance-of-Payments constrained growth model with two countries. To this model is added a function (based on the catching up literature) in which the income elasticity of the demand for exports and imports depends on the technology gap. The model allows for discussing the inter-relations between the fiscal and the industrial and technological policies. It also allows for finding the rate of growth of autonomous expenditure in the periphery which ensures that it will use all the foreign exchange it earns in promoting economic growth (the principle of "automatic reciprocity").

Teorias do comércio internacional: um debate sobre a relação entre crescimento econômico e inserção externa

Theories of international trade: a debate on the relationship between economic growth and foreign market insertion. The paper analyzes the importance accorded to the high technology industry sector in the process of economic growth, in its relation to international trade. Considering at first liberal arguments that disregard productive and commercial specialization as a cause of unequal economic development, the paper discusses then some institutionalist and evolutionist arguments which, since List, stress that high technology specialization matters for the rate of increase of productivity and for the surmount for foreign exchange restrictions to growth.

Vulnerabilidade externa e composição da posição internacional de investimentos: Brasil 2001-2010

The aim of this paper is to indicate that there was a significant change in the composition of the Brazilian International Investment Position in the period 2001-2010: international reserves became higher than the external debt and decreased the share of foreign liabilities denominated in foreign currency, getting smaller that the participation of the external liabilities denominated in domestic currency. These tend to suffer a double devaluation (prices and exchange rates) in times of crisis, thus characterizing the reduction of the external vulnerability in the financial sphere as evidenced in the global crisis hatched in 2008.

Revue indépendante (Paris. 1862)

Périodicité : Bi-mensuel

[Grève des cheminots en Angleterre, les quais déserts de la gare de Waterloo à Londres] : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 56127

Grève des cheminots à Londres, réunion à St Pancras : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 56182

Grève des chemins de fer à Londres, les gares gardées par des soldats, lait attendant d'être envoyé à Londres [gare de Woking dans le Surrey] : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 56185

Inauguration du monument de Miss Cavell [à Londres] : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 58552

Miss [Arthur] Hamilton [née Violet Antonia Fairlie-Cuninghame] (cliché C.N. Londres) [nageuse de longues distances] : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 59246

Miss Arthur Hamilton [née Violet Antonia Fairlie-Cuninghame] qui doit tenter la traversée de la Manche [à la nage, essai en septembre 1920] (cliché C. News Londres) : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 59247

[Jim] Higgins, boxeur [cliché] Central News Londres : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 59500

Général Dyer, C.N. Londres [cliché Central News] : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 59522

Roi et Reine d'Angleterre à l'Université commerciale de Londres : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 59523