Endowments, fiscal federalism, and the cost of capital for states : evidence from Brazil, 1891-1930

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (458 download)

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Book Synopsis Endowments, fiscal federalism, and the cost of capital for states : evidence from Brazil, 1891-1930 by : André C. Martínez Fritscher

Download or read book Endowments, fiscal federalism, and the cost of capital for states : evidence from Brazil, 1891-1930 written by André C. Martínez Fritscher and published by . This book was released on 2009 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last few years there has been an explosion in the number of papers that aim to explain what determines country risk (defined as the difference between the yield of a sovereign's bonds and the risk free rate). In this paper, we contribute to the discussion using by showing that Brazilian states with natural endowments that allowed them to export commodities that were in high demand (e.g., rubber and coffee) between 1891 and 1930 ended up having higher revenues per capita and, thus, lower cost of capital. The link between exports and state government revenues works in the Brazilian case because of the extreme form of fiscal federalism that the Brazilian government adopted in the Constitution of 1891, giving state governments the sole right to tax exports. We create a panel of state debt risk premia and a series of state level fiscal variables and we show, using OLS, that having specific commodities gave states access capital in better terms (i.e., lower risk premium) in international markets. We also confirm our results that states with better commodities had lower risk premia when we use export price indices for each of the states as instruments for state revenue per capita.

State and Nation Making in Latin America and Spain: Volume 1

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Publisher : Cambridge University Press
ISBN 13 : 1107029864
Total Pages : 485 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis State and Nation Making in Latin America and Spain: Volume 1 by : Miguel A. Centeno

Download or read book State and Nation Making in Latin America and Spain: Volume 1 written by Miguel A. Centeno and published by Cambridge University Press. This book was released on 2013-03-29 with total page 485 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines how Latin American countries and Spain tried to build modern and efficient state institutions for more than a century - without much success. The chapters tell how these countries went about constructing systems of authority that could manage their territories, support economic development, provide basic services, and promote a sense of national community. The book can serve as an introduction to nineteenth-century Latin America and Spain, as a historical guide to the process of state building, and as a tool for experts looking for the latest work by leading scholars in the field.

Economic Development in the Americas Since 1500

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Publisher : Cambridge University Press
ISBN 13 : 1107009553
Total Pages : 449 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Economic Development in the Americas Since 1500 by : Stanley L. Engerman

Download or read book Economic Development in the Americas Since 1500 written by Stanley L. Engerman and published by Cambridge University Press. This book was released on 2012 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines differences in the rates of economic growth in Latin America and mainland North America since the seventeenth century.

From Developmentalism to Neoliberalism

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Publisher : Springer
ISBN 13 : 9811360286
Total Pages : 236 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis From Developmentalism to Neoliberalism by : Rahul A. Sirohi

Download or read book From Developmentalism to Neoliberalism written by Rahul A. Sirohi and published by Springer. This book was released on 2019-02-25 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the experiences of Brazil and India, the major economic powerhouses of the 21st century, during the neoliberal era. Both the nations have become important players in global markets and their economic performance has captured the attention of policymakers and academicians across the world. The book explores the patterns of growth and the changing status of human development in the two regions, since the 1980s. In an attempt to better grasp the subtleties of their developmental experiences, it also highlights the political and institutional dynamics that have under girded the liberalization of the two countries.

Scandinavia and South America—A Tale of Two Capitalisms

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Publisher : Springer Nature
ISBN 13 : 3031091981
Total Pages : 356 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Scandinavia and South America—A Tale of Two Capitalisms by : Jorge Álvarez

Download or read book Scandinavia and South America—A Tale of Two Capitalisms written by Jorge Álvarez and published by Springer Nature. This book was released on 2022-10-17 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes a comparative approach to economic history to offer ways to increase our understanding of the divergence between South America and Scandinavia. In particular, the book aims to deepen our understanding of why the two groups of countries have set out on radically different pathways with regard to industrialisation, long-term economic growth and income distribution. The book draws together the results of two separate projects focusing on this comparison. The first of these projects focuses on two of the so-called settler societies of South America, namely Uruguay and Argentina, sometimes called the Pampas region. Australia and New Zealand, two other settler societies, are also considered, adding a further contrasting effect. These settler societies are compared with Scandinavia, in its broad terms, including Sweden, Denmark, Norway and Finland. The second of these projects focuses on comparisons between Brazil and Sweden. Together, the two projects have engaged the minds of economic historians from Brazil, Uruguay and Sweden. This book will be of interest to researchers and students in economic history and economic development more broadly.

The Decline of Latin American Economies

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Publisher : University of Chicago Press
ISBN 13 : 0226185036
Total Pages : 427 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis The Decline of Latin American Economies by : Sebastian Edwards

Download or read book The Decline of Latin American Economies written by Sebastian Edwards and published by University of Chicago Press. This book was released on 2009-02-15 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America’s economic performance is mediocre at best, despite abundant natural resources and flourishing neighbors to the north. The perplexing question of how some of the wealthiest nations in the world in the nineteenth century are now the most crisis-prone has long puzzled economists and historians. The Decline of Latin American Economies examines the reality behind the struggling economies of Argentina, Chile, and Mexico. A distinguished panel of experts argues here that slow growth, rampant protectionism, and rising inflation plagued Latin America for years, where corrupt institutions and political unrest undermined the financial outlook of already besieged economies. Tracing Latin America’s growth and decline through two centuries, this volume illustrates how a once-prosperous continent now lags behind. Of interest to scholars and policymakers alike, it offers new insight into the relationship between political systems and economic development.

Hoosiers and the American Story

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Publisher : Indiana Historical Society
ISBN 13 : 0871953633
Total Pages : 359 pages
Book Rating : 4.8/5 (719 download)

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Book Synopsis Hoosiers and the American Story by : Madison, James H.

Download or read book Hoosiers and the American Story written by Madison, James H. and published by Indiana Historical Society. This book was released on 2014-10 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: A supplemental textbook for middle and high school students, Hoosiers and the American Story provides intimate views of individuals and places in Indiana set within themes from American history. During the frontier days when Americans battled with and exiled native peoples from the East, Indiana was on the leading edge of America’s westward expansion. As waves of immigrants swept across the Appalachians and eastern waterways, Indiana became established as both a crossroads and as a vital part of Middle America. Indiana’s stories illuminate the history of American agriculture, wars, industrialization, ethnic conflicts, technological improvements, political battles, transportation networks, economic shifts, social welfare initiatives, and more. In so doing, they elucidate large national issues so that students can relate personally to the ideas and events that comprise American history. At the same time, the stories shed light on what it means to be a Hoosier, today and in the past.

The Demography and Economics of Brazilian Slavery, 1850-1888

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Publisher :
ISBN 13 :
Total Pages : 1456 pages
Book Rating : 4.:/5 (245 download)

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Book Synopsis The Demography and Economics of Brazilian Slavery, 1850-1888 by : Robert W. Slenes

Download or read book The Demography and Economics of Brazilian Slavery, 1850-1888 written by Robert W. Slenes and published by . This book was released on 1975 with total page 1456 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Decentralization In Health Care: Strategies And Outcomes

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Publisher : McGraw-Hill Education (UK)
ISBN 13 : 033521925X
Total Pages : 327 pages
Book Rating : 4.3/5 (352 download)

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Book Synopsis Decentralization In Health Care: Strategies And Outcomes by : Saltman, Richard

Download or read book Decentralization In Health Care: Strategies And Outcomes written by Saltman, Richard and published by McGraw-Hill Education (UK). This book was released on 2006-12-01 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the capacity and impact of decentralization within European health care systems, this book examines both the theoretical underpinnings as well as practical experience with decentralization.

Red Against Blue

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Publisher : University of Alabama Press
ISBN 13 : 0817356150
Total Pages : 280 pages
Book Rating : 4.8/5 (173 download)

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Book Synopsis Red Against Blue by : Helen Delpar

Download or read book Red Against Blue written by Helen Delpar and published by University of Alabama Press. This book was released on 2010-03-03 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: An overview of the early political history of Colombia through an examination of the Liberal party from 1863 to 1899, its role in the Colombian poltical system, and its evolution during that time.

The Costs and Benefits of Ownership

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Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Costs and Benefits of Ownership by : Sanford J. Grossman

Download or read book The Costs and Benefits of Ownership written by Sanford J. Grossman and published by . This book was released on 1984 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Decentralization and Local Democracy in the World

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Publisher : World Bank Publications
ISBN 13 : 0821377353
Total Pages : 350 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Decentralization and Local Democracy in the World by : United Cities and Local Governments (UCLG)

Download or read book Decentralization and Local Democracy in the World written by United Cities and Local Governments (UCLG) and published by World Bank Publications. This book was released on 2008-11-04 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Decentralization and Local Democracy in the World' constitutes a global reference on decentralization by presenting the contemporary situation of local governments in all regions of the world. The report analyzes local authorities in each continent under three main themes: the evolution of territorial structures; responsibilities and power, management and finances; and local democracy. An additional chapter is dedicated to the governance of large metropolises, where rapid growth presents major challenges, in particular in the fast-developing countries of the South. This report also offers a comparative overview of the different realities concerning the state of decentralization, and how the basic indispensable mechansims for local democracy do, or do not exist in come countries. Relationships between the state and local authorities are evolving toward innovative forms of cooperation. In this context, the role of local authorities in the development of global policies is increasingly recognized. The first Global Observatory on Local Democracy and Decentralization (GOLD) Report is one of the main products of United Cities and Local Governments (UCLG). The GOLD Report is the first of what will be a triennial publication. UCLG represents and defends the interests of local governments on the world stage, regardless of the size of the communities they serve. Headquartered in Barcelona, the organization's stated mission is: To be the united voice and world advocate of democratic local self-government, promoting its values, objectives and interests, through cooperation between local governments, and within the wider international community.

The Dictator's Seduction

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Publisher : Duke University Press
ISBN 13 : 0822390868
Total Pages : 430 pages
Book Rating : 4.8/5 (223 download)

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Book Synopsis The Dictator's Seduction by : Lauren H. Derby

Download or read book The Dictator's Seduction written by Lauren H. Derby and published by Duke University Press. This book was released on 2009-07-17 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dictatorship of Rafael Trujillo, who ruled the Dominican Republic from 1930 until his assassination in 1961, was one of the longest and bloodiest in Latin American history. The Dictator’s Seduction is a cultural history of the Trujillo regime as it was experienced in the capital city of Santo Domingo. Focusing on everyday forms of state domination, Lauren Derby describes how the regime infiltrated civil society by fashioning a “vernacular politics” based on popular idioms of masculinity and fantasies of race and class mobility. Derby argues that the most pernicious aspect of the dictatorship was how it appropriated quotidian practices such as gossip and gift exchange, leaving almost no place for Dominicans to hide or resist. Drawing on previously untapped documents in the Trujillo National Archives and interviews with Dominicans who recall life under the dictator, Derby emphasizes the role that public ritual played in Trujillo’s exercise of power. His regime included the people in affairs of state on a massive scale as never before. Derby pays particular attention to how events and projects were received by the public as she analyzes parades and rallies, the rebuilding of Santo Domingo following a major hurricane, and the staging of a year-long celebration marking the twenty-fifth year of Trujillo’s regime. She looks at representations of Trujillo, exploring how claims that he embodied the popular barrio antihero the tíguere (tiger) stoked a fantasy of upward mobility and how a rumor that he had a personal guardian angel suggested he was uniquely protected from his enemies. The Dictator’s Seduction sheds new light on the cultural contrivances of autocratic power.

Governing Africa's Forests in a Globalized World

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Publisher : Routledge
ISBN 13 : 1136545514
Total Pages : 435 pages
Book Rating : 4.1/5 (365 download)

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Book Synopsis Governing Africa's Forests in a Globalized World by : Laura Anne German

Download or read book Governing Africa's Forests in a Globalized World written by Laura Anne German and published by Routledge. This book was released on 2009-12-01 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries around the world are engaged in decentralization processes, and most African countries face serious problems with forest governance, from benefits sharing to illegality and sustainable forest management. This book summarizes experiences to date on the extent and nature of decentralization and its outcomes - most of which suggest an underperformance of governance reforms - and explores the viability of different governance instruments in the context of weak governance and expanding commercial pressures over forests. Findings are grouped into two thematic areas: decentralization, livelihoods and sustainable forest management; and international trade, finance and forest sector governance reforms. The authors examine diverse forces shaping the forest sector, including the theory and practice of decentralization, usurpation of authority, corruption and illegality, inequitable patterns of benefits capture and expansion of international trade in timber and carbon credits, and discuss related outcomes on livelihoods, forest condition and equity. The book builds on earlier volumes exploring different dimensions of decentralization and perspectives from other world regions, and distills dimensions of forest governance that are both unique to Africa and representative of broader global patterns. The authors ground their analysis in relevant theory while drawing out implications of their findings for policy and practice.

Legislative Oversight and Budgeting

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Publisher : World Bank Publications
ISBN 13 : 0821376128
Total Pages : 362 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Legislative Oversight and Budgeting by : Rick Stapenhurst

Download or read book Legislative Oversight and Budgeting written by Rick Stapenhurst and published by World Bank Publications. This book was released on 2008 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: In most countries, parliament has the constitutional mandate to both oversee and hold government to account. In light of the increased focus on good governance, academics and legislative strengthening practitioners are re-examining parliament's oversight function with a view to increasing public financial accountability, curbing corruption, and contributing to poverty reduction. This volume brings together research from many different perspectives and many different legislative settings worldwide. As the country case studies in section III demonstrate, the accountability mechanisms or oversight tools available to the legislature vary based on constitutionally defined powers of the legislature, institutional arrangements between the branches of government, divisions of authority between national, regional, and local governments, the degree of legitimacy conferred on the legislature, and the resources available to it. The budget process provides critical opportunities. Section II of this volume is devoted to examining budget oversight from the formulation and approval of the budget, to implementation and the ex post examination of the public accounts. Special attention is also paid to mechanisms to assist parliaments such as Public Accounts Committees and independent parliamentary budget offices. This title will be of interest to parliamentarians and parliamentary staff, legislative strengthening practitioners, and students of legislative development.

United Nations Yearbook of the International Law Commission

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (452 download)

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Book Synopsis United Nations Yearbook of the International Law Commission by : United Nations. International Law Commission

Download or read book United Nations Yearbook of the International Law Commission written by United Nations. International Law Commission and published by . This book was released on 1956 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Lake Victoria

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Publisher : Springer Science & Business Media
ISBN 13 : 3540325751
Total Pages : 365 pages
Book Rating : 4.5/5 (43 download)

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Book Synopsis Lake Victoria by : Joseph L. Awange

Download or read book Lake Victoria written by Joseph L. Awange and published by Springer Science & Business Media. This book was released on 2006-08-18 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes a pioneering and unique work on Lake Victoria. It is the world’s second largest fresh-water lake and supports the livelihood of more than 30 million people. Surprisingly, there has been no comprehensive book addressing its problems and potentials. Ecology, environmental pollution and resource management are some of the issues addressed by this comprehensive insight into the limitations, challenges and opportunities facing Lake Victoria.