Government subsidies have been used as a policy tool by many countries. Given the importance of government subsidies in the context of Chinese economy and state-owned enterprises (SOEs), this study seeks to understand the role played by government…
O objetivo desta Nota é apresentar estimativas da taxa de câmbio real de equilíbrio para a economia brasileira frente a uma cesta de moedas. Para realizar esta tarefa, utilizamos variáveis sugeridas pela literatura econômica como sendo determinantes…
With the growing concern of the international community about the negative spillover effects of SOEs on trade, reaching a consensus among different stakeholders has become increasingly urgent. This paper argues that strengthening a redefined…