Non-tradables in Brazilian economic history

Natural Resource Dependence, Non-Tradables, and Economic Growth

I argue that the commonly used nominal measure of natural resource dependence -the share of exports of primary products in GNP -understates in growth regressions the negative link between natural resource dependence and per capita GDP growth. I show that using a purchasing power parity adjusted measure yields an economically much larger negative relationship between per capita GDP growth and na...

the Determinants of Non-tradables Inflation

The Reserve Bank’s inflation target is specified in terms of CPI inflation. However, in understanding and forecasting developments in overall inflation, it can be useful to examine separate components of the CPI basket. In a small open economy such as Australia, the basket of goods and services consumed by households can be divided into ‘non-tradable’ items and ‘tradable’ items. Non-tradable it...

Economic History

Immigration in American Economic History.

The United States has long been perceived as a land of opportunity for immigrants. Yet, both in the past and today, US natives have expressed concern that immigrants fail to integrate into US society and lower wages for existing workers. This paper reviews the literatures on historical and contemporary migrant flows, yielding new insights on migrant selection, assimilation of immigrants into US...

Measuring complexity in Brazilian economic crises

Capital flows are responsible for a strong influence on the foreign exchange rates and stock prices macroeconomic parameters. In volatile economies, capital flows can change due to several types of social, political and economic events, provoking oscillations on these parameters, which are recognized as economic crises. This work aims to investigate how these two macroeconomic variables are rel...