Brazilian Journal of Political Economy https://bjpe.org.br/repojs/index.php/journal <p><strong>The Center of Political Economy </strong>is a cultural character association that publishes, since 1981, the <em>Brazilian Journal of Political Economy /</em><em>Revista de Economia Política</em> - and conducts regular seminars and conferences on the issue of economic and social development and macroeconomic stability. <a href="https://centrodeeconomiapolitica.org/rep/index.php/journal/home_cep">Read More</a></p> <p><strong>Brazilian Journal of Political Economy</strong> is a peer-reviewed, bilingual academic journal, published quarterly since 1981 by the Center for Political Economy through Editora 34. It is the most cited academic journal of economics in Brazil. <a href="https://centrodeeconomiapolitica.org/rep/index.php/journal/about">Read More</a></p> en-US cecilia.heise@bjpe.org.br (Cecília Heise) cecilia.heise@bjpe.org.br (cecilia.heise@bjpe.org.br) Thu, 11 Nov 2021 00:00:00 -0300 OJS 3.2.1.1 http://blogs.law.harvard.edu/tech/rss 60 INDUSTRIAL POLICY AND INTERNATIONALIZATION: A STUDY OF THE EFFECTS OF STATE INTERVENTION ON BRAZILIAN COMPANIES INTERNATIONALIZATION https://bjpe.org.br/repojs/index.php/journal/article/view/2271 <p>Industrial policies are crucial mechanisms for stimulating the development of a local economy and for accelerating a country’s globalization process. However, little is known about the effects of industrial policies on the internationalization process in developing economies such as Brazil. This research aims to analyze the effects of state intervention through industrial policies in the internationalization of Brazilian companies in the period from 1982 to 2014. To answer the research objective, integrated autoregressive estimators of moving averages (ARIMA) and intervention are adopted. The results have allowed identifying that only the Industrial, Technological and Foreign Trade Policy (PITCE) positively contributed to stimulating internationalization through exports. Regarding internationalization through the outflow of foreign direct investment (FDI), the results indicated that both PITCE, as well as the Productive Development Policy (PDP) and the Plan Bigger Brazil – <em>Plano Brasil Maior</em> (PBM) showed a positive impact. This result demonstrates the relevance of industrial policies to keep encouraging companies to access the international environment.</p> Lucas dos Santos Faria, Nádia Campos Pereira Bruhn, Marco Túlio Dinali VIglioni Copyright (c) https://bjpe.org.br/repojs/index.php/journal/article/view/2271 Revisitando o conceito de Desenvolvimento Econômico e a Escola de Pensamento do Desenvolvimentismo na Economia https://bjpe.org.br/repojs/index.php/journal/article/view/2270 <p>O presente trabalho tem como objetivo revisitar e sistematizar os conceitos de Desenvolvimento Econômico e o de Desenvolvimentismo. A hipótese levantada pela pesquisa é a de que em razão da processualidade histórica-social das Ciências Econômicas, os termos Desenvolvimento Econômico e Desenvolvimentismo podem ser categorizados de forma distinta por opção epistemológica e didática na atualidade. O artigo optou em realizar um estudo bibliográfico. Os procedimentos metodológicos para selecionar as referências foram pesquisa bibliográfica focada nos autores com análise histórica, concreta e indutiva da economia e do fenômeno de desenvolvimento econômico. Os resultados obtidos são de que os termos Desenvolvimento Econômico e Desenvolvimentismo podem ser categorizados de forma distinta, o primeiro como conceito empregado por diversas escolas do pensamento econômico; o segundo é uma Escola de Pensamento Econômico em si.</p> Isaias Albertin de Moraes Copyright (c) https://bjpe.org.br/repojs/index.php/journal/article/view/2270 Corrupção municipal no Brasil: análise de seus determinantes a partir da construção de um índice de corrupção municipal na área de educação https://bjpe.org.br/repojs/index.php/journal/article/view/2232 <p>Com base nos Relatórios do Programa de Fiscalização de Municípios da Controladoria-Geral da União - CGU foi construído um índice de corrupção municipal na área de educação para os municípios brasileiros, o qual serviu como variável dependente de um modelo econométrico onde se testou os efeitos de um conjunto de variáveis dispostas em quatro dimensões: (i) institucional; (ii) gestão pública; (iii) transparência (iv) econômico-social. Entre as principais evidências empíricas encontradas, corrobora-se a hipótese de que municípios de menor nível de desenvolvimento e mais baixo nível de escolaridade e, por conseguinte, com controle social mais deficiente, são os mais vulneráveis à ocorrência de irregularidades com recursos públicos. De outra parte, os resultados obtidos confirmam a importância do fomento à transparência da gestão pública como mecanismo inibidor da corrupção e como ferramenta de auxílio ao controle, bem como que existe uma forte correlação entre corrupção e o valor adicionado bruto da administração pública.</p> Marcelo Santos, Marcelo Diniz Copyright (c) https://bjpe.org.br/repojs/index.php/journal/article/view/2232 Consumer theory and quantitative theory of money - A connection inspired by Cantillon’s approach. https://bjpe.org.br/repojs/index.php/journal/article/view/2269 <p>This essay aims to show the connection between the basic theory of the consumer and the quantitative theory of money (QTM), inspired by Cantillon’s approach. Based on the partial equilibrium of consumers, this model displays that a change in money stock impacts price levels, which characterizes the elasticity of money supply to the consumer price level. As a result, money supply changes generate changes in the price level, and, in turn, these monetary effects can affect the optimal choice of the consumer, whether money supply change impacts the prices of two goods with different intensities. In this context, money is not neutral.</p> Tito Belchior S. Moreira Copyright (c) https://bjpe.org.br/repojs/index.php/journal/article/view/2269 Population aging and inequality – Reply to Hoffmann https://bjpe.org.br/repojs/index.php/journal/article/view/2268 <p>This is a reply to the criticisms raised by Professor Rodolfo Hoffmann to our<br>article “Population aging and inequality”.</p> <p><strong>JEL Classification:</strong> D63.</p> Eliana Cardoso, Thais Peresh Dietrich, André Portela Souza Copyright (c) 2021 https://bjpe.org.br/repojs/index.php/journal/article/view/2268 Thu, 11 Nov 2021 00:00:00 -0300 Retirements and pensions in Brazil: progressive or regressive? https://bjpe.org.br/repojs/index.php/journal/article/view/2267 <p>These comments are a reaction to the article by Cardoso, Dietrich and Souza<br>(2021) published in the Brazilian Journal of Political Economy, vol. 41 (1), January-March<br>2021.</p> <p><strong>JEL Classification:</strong> D31; D63.</p> Rodolfo Hoffamann Copyright (c) 2021 https://bjpe.org.br/repojs/index.php/journal/article/view/2267 Thu, 11 Nov 2021 00:00:00 -0300 Sraffa and the “laws of returns”: an analysis of the 1925-1926 articles https://bjpe.org.br/repojs/index.php/journal/article/view/2266 <p>This article analyzes two texts by Sraffa published in 1925 and 1926 with<br />criticisms of the dominant marginalist approach, which presupposes free competition and<br />diminishing returns. Sraffa concluded that such a model only applies in the case of constant<br />returns. These two articles served as a basis for Sraffa, almost 30 years later, to formulate<br />a devastating critic of the marginalist or subjective theory of value by proposing a model<br />of prices and income distribution that does not depend on the hypothesis of changes in the<br />scale of production or in the proportion of factors.</p> <p><strong>JEL Classification:</strong> D21; D24; D41.</p> José Maria Dias Pereira Copyright (c) 2021 https://bjpe.org.br/repojs/index.php/journal/article/view/2266 Thu, 11 Nov 2021 00:00:00 -0300 The reswitching of techniques and its epistemological implications: a deepening of criticism https://bjpe.org.br/repojs/index.php/journal/article/view/2265 <p>This paper aims (a) to explain the mechanisms from which the problem of<br>reswitching of techniques is formulated and (b) to analyze the implications with regard to<br>the general architecture of neoclassical macroeconomics. I will show how these elements<br>allow refuting the neoclassical theory of income distribution, and why they translate into<br>structural instability. In the first part, I will explain the mechanisms that correspond to<br>the problem of reswitching of techniques; in the second part, I will study the implications<br>linked to the reswitching, with regard to the determinants of income distribution and the<br>equilibrium stability.</p> <p><strong>JEL Classification:</strong> B41; E11; E13.</p> Alain Herscovici Copyright (c) 2021 https://bjpe.org.br/repojs/index.php/journal/article/view/2265 Thu, 11 Nov 2021 00:00:00 -0300 An assessment of the debates over income distribution and growth in the Neo-Kaleckian literature https://bjpe.org.br/repojs/index.php/journal/article/view/2264 <p>Kaleckian literature is considered an important theme in the post-Keynesian<br>school of economic thought. In the aftermath of the financial crisis, the endeavors of<br>forming a new consensus regarding essential economic issues, in particular achieving<br>economic growth became a need. Thus, the Kaleckian models returned to be in the spot<br>since these models tackle the impact of changes in the distribution of income and address<br>the question whether a redistribution of income away from wages and towards profits is<br>capable of boosting growth. In this sense, this paper return to Kaleckian insights and offers<br>a theoretical discussion of the distributional effects on aggregate demand and economic<br>growth. Moreover, through the lens of neo-Kaleckian tradition, the evolution of the debate<br>on wage-led and profit-led regimes in recent decades can be traced.</p> <p><strong>JEL Classification:</strong> E21; E12; E11.</p> Sulafa Nofal Copyright (c) 2021 https://bjpe.org.br/repojs/index.php/journal/article/view/2264 Thu, 11 Nov 2021 00:00:00 -0300 The dynamics of industrial geographic distribution: evidence from Brazil (2002-2014) https://bjpe.org.br/repojs/index.php/journal/article/view/2263 <p>The geographical distribution of Brazilian industries changed between 2002 and<br />2014, and it was more significant for some industries. Based on Dumais et al. (2002), we<br />explore the dynamics of these changes by a decomposition of the employment variation and<br />concentration index for manufacturing industries grouped by technological intensity, and we identify the direction of the locational movements of the firms among microregions. In general., the results indicate that between 2002 and 2014, there was a trend of convergence<br />among the microregions’ participation in industrial employment, contributing to industrial<br />deconcentration in the country, with the exception of the group of high-technology industries,<br />which became more concentrated. Components of the life cycle of industries, especially the<br />growth of employment generated by new industries in non-metropolitan microregions, are<br />identified as main propelling of this evidence. In general., the results are consistent with the<br />importance of agglomeration economies over historic accidents to explain the industrial<br />concentration in Brazil between 2002 and 2014.</p> <p><strong>JEL Classification:</strong> R12; L60.</p> Roberta de Moraes Rocha, José Ewerton Silva Araújo Copyright (c) 2021 https://bjpe.org.br/repojs/index.php/journal/article/view/2263 Thu, 11 Nov 2021 00:00:00 -0300