A taxa de câmbio do Brasil é válida no longo prazo?

The objective of this study was to test the validity of the real exchange rate in the long run. For that five tests were performed based on equation, which relates to real exchange rate, international trade, domestic income. The main difference is that the tests when we are working with quarterly data, the parameters are significantly different from zero – i.e., the variables real exchange rate, international trade, domestic income and net exports on long term relationship – and, moreover, the signs are as expected. This implies that it is possible to increase exports with currency devaluation. Thus, based on data and tests that work we conclude that the exchange rate is an important instrument of trade policy, given that devaluations are valid even in the long term.

P&D em filiais de empresas multinacionais instaladas no Brasil

The internationalization of research and development (R&D) activities has been lifted to an eminent role over the last years, how confirm the greater intensity of R&D investment inflows into countries other than the home countries of the multinational enterprises (MNE). As the industrialization of the Brazilian economy has been marked by the presence of MNE, this paper aims to discuss some characteristics of the Brazilian subsidiaries of foreign MNE concerning R&D activities. To do so, we draw on a comprehensive survey applied to MNE affiliates in Brazil in 2006. It allows us to describe the locally-conducted R&D activities, its specificities and perspectives of future inversions. Among its findings, there are evidences pointing that in Brazil the R&D internationalization the phases of investment in manufactures and in R&D may occur almost simultaneously, depending on the sector s involvement in the globalization process.

Estrutura e desempenho das agropecuárias em dois países emergentes: um estudo comparativo entre Brasil e China

The paper compares the evolution of the brasilian and chinese agriculture emphasizing the post II World War period. It tries to show the structural changes in the agriculture in both countries and characterizing the dynamics of them. For both countries, the effort of industrialization after 1945 meant to sacrify the agriculture to a second plan. In the 1970’ Brazil and China begin to modernize their agriculture and adjust it to new challangers put by the necessity of guarantee the food security. The paper concludes that, in spite of some present problems, both countries face adequately the defiance on their agriculture.

O desenvolvimento da indústria farmacêutica no Brasil e na Índia: um estudo comparativo

The article shows how the development of the pharmaceutical industry in Brazil and India occurred, and why the industry in these two countries, which until the 1970s were much alike, today show significant differences. The historical analysis of the trajectories of the industries in both countries showed that the Indian industry has a higher technological content, due to, among others, the efficiency of public policies implemented since the 1970s, which were aimed at improving not only production, but also the technological development.

Política fiscal e dívida pública no Brasil: uma análise para o Período 1994 2008

The paper presents a study of fiscal policy and public debt in Brazil from 1994 to 2008. We assert that fiscal policy in Brazil was conducted in accordance with a new macroeconomic model, and that the measures adopted in that framework resulted in the construction of a new fiscal model. The fiscal policy in this new system has the main role of debt sustainability, with a suitable revenue and spending policy, conducted to achieve the goals of a positive public sector primary result.

Restrição externa e taxa de câmbio no Brasil: 1980-2008

The objective of this study is to examine if economic growth in Brazil was blocking due to external constraints, that is, in consequence of its Balance of Payments. We work with the approach first proposed by Thirlwall (1979) which was later modified by Lima and Carvalho (2009). We can conclude that economic growth was restricted by the external sector, which is consistent with the economic history of Brazil, and verify that the real exchange rate, and to influence the trade balance in the course run, also excerce some influence on this account balance of payments in the long run.