Brazil’s patent reform : innovation towards national competitiveness

Adaptação para a língua inglesa da obra “A revisão da lei de patentes: inovação em prol da competitividade nacional

Does Immigration Raise Natives’ Income? National and Regional Evidence from Spain

How immigration affects the labor market of the host country is a topic of major concern for many immigrant-receiving nations. Spain is no exception following the rapid increase in immigrant flows experienced over the past decade. We assess the impact of immigration on Spanish natives’ income by estimating the net immigration surplus accruing at the national level and at high immigrant-receiving regions while taking into account the imperfect substitutability of immigrant and native labor. Specifically, using information on the occupational densities of immigrants and natives of different skill levels, we develop a mapping of immigrant-to-native self-reported skills that reveals the combination of natives across skills that would be equivalent to an immigrant of a given self-reported skill level, which we use to account for any differences between immigrant self-reported skill levels and their effective skills according to the Spanish labor market. We find that the immigrant surplus amounts to 0.04 percent of GDP at the national level and it is even higher for some of the main immigrant-receiving regions, such as Cataluña, Valencia, Madrid, and Murcia.

A atuação organizada do setor bancário e a regulamentação das tarifas bancárias

Analisa a questão do pressuposto da necessidade de regulação do sistema bancário e o lobby, como parte legítima do processo decisório político. Estas variáveis são fundamentais para a compreensão do estudo da atuação dos grupos de interesse envolvidos no processo de aprovação, pelo Conselho Monetário Nacional, da Resolução 3.518, de 06/12/07, que trata da tarifa bancária. A análise da regulamentação do setor bancário procura evidenciar os fatores que influenciam a escolha, por parte do órgão regulador, do grau de controle a ser exercido sobre as instituições financeiras, podendo ser enfatizado o caráter prudencial, fiscalizador ou liberal das normas bancárias, conforme política posta em prática pelo Banco Central. A abordagem acerca do lobbying evidencia a legitimidade de sua prática junto aos órgãos públicos, como também a possibilidade de sua regulamentação no Brasil. Em seguida, é analisado o comportamento da tarifa bancária antes, durante e depois da publicação da Resolução em questão, assim como as audiências públicas que a antecederam, a fim de investigar seus possíveis resultados, pois a partir deles, como também por intermédio das entrevistas concedidas, pode-se depreender a atuação dos grupos de influência na consecução de seus interesses.

Markov Switching Risk Premium and the term structure of interest rates. Empirical evidence from US post-war interest rates

This paper considers the basic present value model of interest rates under rational expectations with two additional features. First, following McCallum (1994), the model assumes a policy reaction function where changes in the short-term interest rate are determined by the long-short spread. Second, the short-term interest rate and the risk premium processes are characterized by a Markov regime-switching model. Using US post-war interest rate data, this paper finds evidence that a two-regime switching model fits the data better than the basic model. The estimation results also show the presence of two alternative states displaying quite different features.

Switching Regimes in the Term Structure of Interest Rates During U.S. Post-War: A case for the Lucas proof equilibrium?

Published as an article in: Studies in Nonlinear Dynamics & Econometrics, 2004, vol. 8, issue 1, pages 5.

Conceptual model of salt marsh management on Merritt Island National Wildlife Refuge, Florida: final report

Diking and holding water on salt marshes ("impounding" the marsh) is a management technique used on Merritt Island National Wildlife Refuge (MINWR) and elsewhere in the Southeast to: a) prevent the reproduction of saltmarsh mosquitos, and b) attract wintertering waterfowl and other marsh, shore, and wading birds. Because of concern that diking and holding water may interfere with the production of estuarine fish and shellfish, impoundment managers are being asked to consider altering management protocol to reduce or eliminate any such negative influence. How to change protocol and preserve effective mosquito control and wildlife management is a decision of great complexity because: a) the relationships between estuarine organisms and the fringing salt marshes at the land-water interface are complex, and b) impounded marshes are currently good habitat for a variety of species of fish and wildlife. Most data collection by scientists and managers in the area has not been focused on this particular problem. Furthermore, collection of needed data may not be possible before changes in protocol are demanded. Therefore, the purpose of this document is two-fold: 1) to suggest management alternatives, given existing information, and 2) to help identify research needs that have a high probability of leading to improved simultaneous management of mosquitos, waterfowl, other wildlife, freshwater fish, and estuarine fish and shellfish on the marshland of the Merritt Island National Wildlife Refuge. (92 page document)