Does competition in the commercial banking sector affect local indeterminacy?

The objective of this work is to assess whether imperfect competition in the commercial banking sector can be a source of instability and generate endogenous (expectation driven) uctuations in the economy. We study an overlapping generations model with two types of consumers (both having present and future consumption), endogenous labor, constant returns to scale in the nal good sector, and decreasing returns to scale in the capital accumulation technology. We analyze the local dynamic properties of the steady state regarding empirically relevant parameters, such as the elastic- ity of substitution and the mark-up factor on the banking sector. We are able to determine that, under perfect competition, the steady state is lo- cally determinate for standardly used empirical values for the parameters, or locally explosively divergent for more extreme values. Under imperfect competition, however, the steady state can become locally indeterminate for some intervals on either the elasticity of substitution or the mark-up factor

The cost of transportation as a barrier to trade in economic integration: the case of northeast

The Brazilian integration strategy has been focused on agreements based upon North-South and South-South negotiations. However, this kind of negotiations face serious troubles to be done. Consequently, the option of the internal economic integration might be more viable in terms of social welfare gains and promotion of regional equity. To do this, an spatial applied general equilibrium model was elaborated for analyzing economic integration policies in the country. This model incorporates explicitly transport cost as a trade barrier. The model is specified for five Brazilian macro-regions and five external regions (Nafta, Asia, European Union, Alcsa and rest of the World). Several economic integration options were simulated in order to analyze what are the best ones for the country and for Nordeste, appraised in terms of economic efficiency and regional equity.economic integration, spatial applied general equilibrium model, transport costs, Nordeste

Aprender com o passado: O projeto Saborea e o rebranding do destino Madeira na era pós-pandémica

Since January 2020, a multisectoral hub of Madeiran institutions has been involved in the INTERREG project SABOREA Mac. The main objective of this regional cluster is to put Madeira on the map of food destinations. The timing could not have been worse: a global disaster that severely affects the tourism industry within the framework of an ongoing pandemic, which no one anticipated. There have been no studies focused on this area of activity and on the impact caused by a health crisis of this magnitude that until recently was completely unthinkable. Learning from the past is a way to respond immediately to the urgent need to re-evaluate the original strategy of the SABOREA consortium, delineated in a totally different conjuncture. In this paper, we analyse the path adopted by the organizers of the 5th Centenary of Madeira’s discovery at the end of (World War 1) WW1. Facing the cumulated impact of the conflict and the Spanish flu, they successfully rebranded Madeira, a strategy that continues to shape the perception of the destination by today’s visitors. This case study serves as a starting point for considering to what extent the SABOREA project still fits into the reality of the post-pandemic era.Desde janeiro de 2020, um consórcio multissetorial de instituições madeirenses está envolvido no projeto INTERREG SABOREA Mac. O principal objetivo deste cluster regional é colocar a Madeira no mapa dos destinos gastronómicos. O momento não poderia ser pior: um desastre à escala mundial que afeta gravemente a indústria do turismo no âmbito de uma pandemia, que ninguém previu. Estamos hoje perante uma falta absoluta de estudos sobre o impacto de uma crise sanitária de tal magnitude, impensável há um ano, nesta área de atividade. Olhar para o passado é uma forma de responder à necessidade de reavaliar no imediato a estratégia delineada anteriormente pelo consórcio SABOREA numa conjuntura totalmente diferente. Neste artigo, analisaremos o plano de ação adotado pelos organizadores do Vº Centenário do Descobrimento da Madeira no final da Primeira Guerra Mundial. Perante os efeitos cumulados do conflito e da gripe espanhola, conceberam uma estratégia de “rebranding”, que continua, ainda hoje, a moldar a perceção do destino Madeira. Este caso de estudo serve como ponto de partida para reavaliar em que medida o projeto em análise ainda se adequa no contexto pós-pandémico. Realça o potencial de uma abordagem histórica para repensar em tempo útil como lidar com mudanças drásticas no mercado de turismo. Confirma também que as estratégias de branding baseadas em valores fortes, multissetorialidade e estratégias participativas podem ser muito resilientes, mesmo em situações extremas.

MANEJO NUTRICIONAL PÓS CIRÚRGICO EM EQUINOS ACOMETIDOS PELA SÍNDROME CÓLICA.

Colic is a syndrome that often affects equidae, such illness is cause of abdominal pain and disorders in the gastrointestinal tract of the horse. One of the main factors resulting in inadequate food handling disease is offered to them. The various cramps about 45% of these animals has surgical indication for the resolution of the primary disease. Postoperatively, the quest for the welfare of the horse is focus of veterinary medicine. In contrast, the nutritional status on immune function and unfavorable in tissue repair are reasons that contribute in the pursuit of well-being. The postoperative horse goes through two phases, where the first nutritional is parenteral nutrition and which has the function of providing adequate food when the animal presents several difficulties to keep caloric intake anoréticas, electrolyte and protein. The second phase is oral when parenteral is gradually decreased to prevent a sudden acute in energy supply and hypoglycemia. At this stage it is use of prebiotíco and probiotícos with concentrates and grasses. This methodology has been deployed in the CITEQUIN (Centre of integrated treatment of Horses) and is anchored in bibliographical review and on usual day to day practice, making further research is required to develop an increasingly appropriate nutritional management in postoperative equine colic operated in.A cólica é uma síndrome que afeta frequentemente os equídeos, tal enfermidade é causadora das dores abdominais e afecções no trato gastrintestinal do cavalo. Um dos principais fatores que resulta na doença é o manejo alimentar inadequado oferecido aos mesmos. Das diversas cólicas cerca de 45 % desses animais tem indicação cirúrgica para a resolução da afecção primária. No pós-operatório a procura do bem estar do cavalo é o foco da Medicina Veterinária. Em contrapartida, o estado nutricional desfavorável na função imune e na reparação tecidual são motivos que contribuem na busca desse bem estar. O cavalo no pósoperatório passa por duas fases nutricionais, onde a primeira é a da nutrição parenteral e que tem a função de fornecer uma alimentação adequada quando o animal apresenta várias dificuldades anoréticas para manter o aporte calórico, proteico e eletrolítico. A segunda fase é oral quando a parenteral é gradualmente diminuída para prevenir uma súbita aguda no fornecimento de energia e a hipoglicemia. Nesta fase faz-se uso de prebiotícos e probiotícos com concentrados e gramíneas. Essa metodologia vem sendo implantada no CITEQUIN (Centro de Tratamento Integrado de Equinos) e encontra-se ancorado em revisão bibliográficas e na prática usual do dia a dia. Fazendo-se necessário mais pesquisas para desenvolver um manejo nutricional cada vez mais adequado no pós-cirúrgico em equinos operados de cólica

MANIPULAÇÕES DE RESULTADOS NO TÊNIS: UMA ANÁLISE ATRAVÉS DA TEORIA DOS JOGOS DE NORBERT ELIAS.

Artigo Rede CEDES - UFPR publicado no 1º ENCONTRO DA ALESDEO objetivo do presente artigo é a utilização de instrumentos de análise sociológica, no caso, a teoria dos jogos de Norbert Elias, para uma melhor compreensão do escândalo de manipulação de resultados no circuito profissional masculino de Tênis. Também é preocupação deste ensaio colaborar com um melhor entendimento dos fenômenos esportivos, contribuindo com possíveis exercícios para a análise sociológica.Rede CEDE

O custo de transporte como barreira ao comércio na integração econômica: o caso do nordeste

The Brazilian integration strategy has been focused on agreements based upon North-South and South-South negotiations. However, this kind of negotiations face serious troubles to be done. Consequently, the option of the internal economic integration might be more viable in terms of social welfare gains and promotion of regional equity. To do this, an spatial applied general equilibrium model was elaborated for analyzing economic integration policies in the country. This model incorporates explicitly transport cost as a trade barrier. The model is specified for five Brazilian macro-regions and five external regions (Nafta, Asia, European Union, Alcsa and rest of the World). Several economic integration options were simulated in order to analyze what are the best ones for the country and for Nordeste, appraised in terms of economic efficiency and regional equity

O custo de transporte como barreira ao comércio na integração econômica: o caso do nordeste

The Brazilian integration strategy has been focused on agreements based upon North-South and South-South negotiations. However, this kind of negotiations face serious troubles to be done. Consequently, the option of the internal economic integration might be more viable in terms of social welfare gains and promotion of regional equity. To do this, an spatial applied general equilibrium model was elaborated for analyzing economic integration policies in the country. This model incorporates explicitly transport cost as a trade barrier. The model is specified for five Brazilian macro-regions and five external regions (Nafta, Asia, European Union, Alcsa and rest of the World). Several economic integration options were simulated in order to analyze what are the best ones for the country and for Nordeste, appraised in terms of economic efficiency and regional equity

Is the truth out there? Avaliando as opções de integração econômica para o Brasil

The Brazilian integration strategy has been focused on agreements based upon North-South and South-South negotiations. However, such negotiations based upon tariffs and non-tariff barriers face serious troubles to be done. This paper is aimed at appraising options of economic integration policies based upon the reduction of transport costs. To do this, a spatial applied general equilibrium model was elaborated for analyzing economic integration policies in the country. This model incorporates explicitly transport cost as a trade barrier. The model is specified for five Brazilian macro-regions and five external regions (Nafta, Asia, European Union, South-American Community and rest of the World), with three production factors (unskilled labor, human capital and other factors). Several economic integration options were simulated in order to analyze what are the best ones for the country, appraised in terms of economic efficiency and regional equity. The findings show the option of the internal economic integration might be more viable than the external one in terms of social welfare gains and promotion of regional equity

Alguns aspectos das práticas de suavização de resultados no conservadorismo das companhias abertas listadas na BM & FBovespa

The aim of this study was to investigate two aspects of accounting information that may be inherently related: income smoothing practices and conditional conservatism. Theoretically, the more a firm employs income smoothing, i.e., uses accruals to reduce the variability of profits, the less possibility there is for the timely acknowledgement of future economic losses (i.e., bad economic news) in profits. Eckel's model (1981) was used in this study to classify listed companies as smoothing or non-smoothing, and Basu's model (1997) was used to quantify the degree of conditional conservatism present in each firm. To make the results more robust, samples were created with annual stock return data from both March and December. The results indicated that non-smoothing firms had a higher degree of conditional conservatism, i.e., more opportunity to recognize future economic losses because the market could use the stock return data to anticipate future losses contained in the information regarding profits. This research made it possible to observe theoretical relationships between properties of accounting information: i) there is a relationship between income smoothing and conditional conservatism (i.e., accounting choices); ii) the informational environment of the Brazilian capital market contributes to the market distinction between smoothing and non-smoothing firms; and iii) the improvement of the capital market provides economic operators with greater insight into economic losses that are contained in accounting results.O presente estudo procura investigar duas propriedades da informação contábil que podem estar inerentemente relacionadas: a prática de suavização de resultados e o conservadorismo condicional. Em âmbito teórico, quanto maior a suavização de resultados, utilizando os accruals para reduzir a variabilidade dos lucros, menor será a capacidade do retorno das ações de reconhecer oportunamente as perdas econômicas futuras (más notícias) contidas nos lucros. Para operacionalizar a pesquisa, foram utilizados os modelos de Eckel (1981) para classificação das companhias abertas em suavizadoras e não suavizadoras de resultados, e o modelo de Basu (1997) para identificar o grau de conservadorismo condicional presente em cada grupo. Para aumentar a robustez dos resultados, foram criadas amostras com os retornos anuais das ações em março e dezembro; posteriormente as amostras foram segregadas entre firmas suavizadoras e não suavizadoras de resultados. As evidências indicam que as firmas classificadas como não suavizadoras de resultados são as que possuem maior grau de conservadorismo condicional, ou seja, maior oportunidade no reconhecimento das perdas econômicas futuras (más notícias). Em outras palavras, o mercado consegue antecipar no retorno das ações as perdas futuras contidas nos lucros. Dessa maneira, é possível observar a partir da relação teórica das propriedades da informação contábil: i) a relação entre suavização de resultados e os efeitos no conservadorismo condicional (escolhas contábeis) na prática; ii) que o ambiente informacional do mercado de capitais brasileiro contribui para o mercado distinguir firmas que suavizam ou não resultados; iii) que o aprimoramento do mercado de capitais proporciona aos agentes econômicos maior capacidade de reconhecimento de perdas econômicas contidas nos resultados contábeis