Crime, house prices, and inequality: The effect of UPPs in Rio

We use a recent policy experiment in Rio de Janeiro, the installation of permanent police stations in low-income communities (or favelas), to quantify the relationship between a reduction in crime and the change in the prices of nearby residential real estate. Using a novel data set of detailed property prices from an online classifieds website, we find that the new police stations (called UPPs) had a substantial effect on the trajectory of property values and certain crime statistics since the beginning of the program in late 2008. We also find that the extent of inequality among residential prices decreased as a result of the policy. Both of these empirical observations are consistent with a dynamic model of property value in which historical crime rates have persistent effects on the price of real estate

Multinational Firms' Responses to Integration of Latin American Markets

This paper discusses how MNCs reacted to NAFTA and MERCOSUR in terms of their investment and operations patterns in three sectors - automotive, electronics, and apparel - and assesses the likely impact of the upcoming Free Trade Agreement of the Americas (FTAA). It shows that NAFTA functioned at least in its first years - as an investment relocation engine, while MNCs reaction to MERCOSUR was significant only in the automotive sector. The emergence of China and other Asian economies, with their low cost and vast markets, and the progressive enlargement in the scope of MNCs operations, seem to diminish the economic relevance of NAFTA and MERCOSUR. FTAA may provide a new impetus to the integration of the automotive industry in the Americas, and a stronger rationale for a slowdown of plant relocation to Asia in light industries such as electronics and garments. But it is unlikely that it will reverse current trends which point to Asia with China at the epicenter as the global magnet for manufacturing and exports.

Regulação estatal de preços industriais no Brasil : a experiencia do Conselho Intermministerial de Preços

Orientador: Luiz Gonzaga de Mello BelluzzoDissertação (mestrado) - Universidade Estadual de Campinas, Instituto de Filosofia e Ciências Humanas, Departamento de Economia e Planejamento EconômicoResumo: Não informadoAbstract: Not informedMestradoMestre em Economi

Financiamento voluntário de longo prazo no Brasil: análise e recomendações

"Redigido por Claudio R. Frischtak, para o projeto Financiamento de longo prazo no Brasil, coordenado por Antonio Machado de Barros (ITB) e Pedro Luiz Barreiros Passos (IEDI)."Disponível também on-line em: https://iedi.org.br/admin_ori/pdf/20101108_flp.pd

Specialization, Technical Change and Competitiveness in the Brazilian Electronics Industry

The Brazilian electronics industry operates within a policy regime which has promoted excessive diversification rather than concentrating on developing strong technological capabilities in appropriate areas. The international competitiveness of most segments of the electronics industry declined sharply during the first half of the 1980s. Four major sectors of the electronics industry are examined here: microelectronics, banking automation, colour TVs, and public digital exchanges. In microelectronics, the focus of specialisation should be on the design of application specific integrated circuits (ASICs). To support those design efforts with an efficient local IC fabrication capacity, the government needs to forge a cooperative arrangement among producers to enable the establishment of a silicon foundry of efficient scale. In banking automation, which is highly software and engineering intensive, firms could be expected to diversify into point-of-sale automation, without giving ... Sous l’influence des orientations politiques fixées par les pouvoirs publics, l’industrie électronique brésilienne s’est diversifiée à l’excès, au lieu de se concentrer sélectivement dans les secteurs caractérisés par leur excellence technologique. La plupart des branches de cette industrie ont vu leur compétitivité internationale décliner sérieusement pendant la première moitié des années 80. Microélectronique, automatisation des banques, téléviseurs couleur et centraux téléphoniques numériques sont les quatre branches sur lesquelles porte cette étude. La microélectronique a centré son effort sur la conception de circuits intégrés spécifiques d’application (application specific integrated circuits, ASICs). Cet objectif supposant l’existence d’une capacité nationale performante de production de circuits intégrés, le gouvernement s’efforce de parvenir à un accord de coopération entre les producteurs, qui pourrait aboutir à la création d’une fonderie de silicone de taille ...