Education and development projects in Brazil (1932-2004): political economy perspective

This paper discusses the long-run history of education policies in Brazil. It is suggested that the main reason for the educational backwardness was the existence of strong political interests over education. It is also defended that these interests can be empirically observed in the allocation of public resources between the different levels of education, with political choices favouring specific groups in society. It was not a matter of lack of investment in education, but of inadequate allocation of resources. This pattern of political-based policies created a strong negative path dependence of misallocation of resources in education in Brazil, particularly with significant underinvestment in secondary education.

Price synchronization in retailing: some empirical evidence

The paper investigates the synchronization of price changes in the context of retail tire dealers in São Paulo-Brazil and selected items in supermarkets for cleaning supplies and food in Rio de Janeiro-Brazil. Results indicate similar and non-negligible synchronization for different brands, although magnitudes are distant from a perfect synchronization pattern. We find interesting patterns in inter-firm competition, with similar magnitudes across different tire types. Intra-chain synchronization is substantial, indicating that a common price adjustment policy tends to be sustained for each chain across different products.

Derivative hedging strategies for bitumen price risk

The objective of the study is to extend the existing hedging literature of the commodity price risks by investigating what kind of hedging strategies can be used in companies using bitumen as raw material in their production. Five different alternative swap hedging strategies in bitumen markets are empirically tested. Strategies tested are full hedge strategy, simple, conservative, and aggressive term structure strategies, and implied volatility strategy. The effectiveness of the alternative strategies is measured by excess returns compared to no hedge strategy. In addition, the downside risk of each strategy is measured with target absolute semi-deviation. Results indicate that any of the tested strategies does not outperform the no hedge strategy in terms of excess returns in all maturities. The best-performing aggressive term structure strategy succeeds to create positive excess returns only in short maturities. However, risk seems to increase hand-in-hand with the excess returns so that the best-performing strategies get the highest risk metrics as well. This implicates that the company willing to gain from favorable price movements must be ready to bear a greater risk. Thus, no superior hedging strategy over the others is found.

Price movement in the Brazilian land market (1994-2010): an analysis in the light of post-Keynesian theory

ABSTRACT The present study aims to evaluate crop, pasture and forest land prices in Brazil, between 1994 and 2010, in the light of Post-Keynesian theory. The results provide evidence that land, more than just a simple factor of production, must be conceived of as an economic asset. In fact, the price of rural land is determined not only by the expected profitability deriving from agricultural activities but also by the agents' expectations about its future appreciation and liquidity in an economic environment permeated with uncertainty. In this context, as an object of speculation, land has been particularly important as a store of value.

A Fenomenologia como retorno à ontologia em Martin Heidegger

A elaboração de uma ontologia fenomenológica era uma possibilidade inscrita no próprio projeto filosófico husserliano. Em que sentido, no entanto, o espírito da máxima da "volta às coisas mesmas" serviu de inspiração ao retorno à questão do ser? Em que medida as elaborações ontológicas que se atribuíram o título de fenomenológicas permaneceram fiéis ao espírito geral e às diretrizes formais do pensamento de Husserl? É na tentativa de responder a essas questões que nos propomos examinar a posição especial de Heidegger face ao problema da articulação da ontologia com a fenomenologia. Nossa preferência é ditada pela própria originalidade do emprego da fenomenologia, no autor de Ser e Tempo. O exame do sentido que assume a fenomenologia enquanto ontologia da compreensão, cujo instrumento é a hermenêutica da existência fáctica do homem, exige previamente o delineamento do projeto filosófico fundamental heideggeriano.

Le Monde des arts (Paris. 1864)

Etat de collection : 1,1864(oct.)-3,1866(juin)

Revue apologétique : doctrine et faits religieux

1932/03 (A28,T54,N558).

Revue apologétique : doctrine et faits religieux

1932/10 (A28,T55,N565).

Revue apologétique : doctrine et faits religieux

1932/06 (A28,T54,N561).

Revue apologétique : doctrine et faits religieux

1932/09 (A28,T55,N564).

Revue apologétique : doctrine et faits religieux

1932/05 (A28,T54,N560).

Revue apologétique : doctrine et faits religieux

1932/08 (A28,T55,N563).

Revue apologétique : doctrine et faits religieux

1932/07 (A28,T55,N562).

Revue apologétique : doctrine et faits religieux

1932/02 (A28,T54,N557).