IDEAS home Printed from https://ideas.repec.org/a/anp/econom/v13y2012i3a603_627.html
   My bibliography  Save this article

Integração Financeira e Reformas Institucionais

Author

Listed:
  • Milton André Stella

    (Pontifícia Universidade Católica do Rio Grande do Sul (PUCRS), Brasil)

  • Ronald Otto Hillbrecht

    (Pontifícia Universidade Católica do Rio Grande do Sul (PUCRS), Brasil)

  • Alexandre Alves Porsse

    (Universidade Federal do Paraná (UFPR), Brasil)

Abstract

Este artigo busca analisar os impactos indiretos do processo de integração financeira, com destaque para seus efeitos sobre os incentivos a promoção de reformas institucionais nos países. O estudo busca testar se a abertura de capital, por representar um canal de punição às políticas mal avaliadas pelo mercado, pode estimular reformas institucionais que visem a ampliação da liberdade econômica, redução dos riscos políticos e relacionados às transações econômicas. Os resultados, para a amostra de 39 países utilizada, são evidências favoráveis a está hipótese. O estudo também indica que o índice que captura a avaliação das instituições sofre transformação por até três períodos posteriores ao da abertura financeira.

Suggested Citation

  • Milton André Stella & Ronald Otto Hillbrecht & Alexandre Alves Porsse, 2012. "Integração Financeira e Reformas Institucionais," Economia, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 13(3a), pages 603-627.
  • Handle: RePEc:anp:econom:v:13:y:2012:i:3a:603_627
    as

    Download full text from publisher

    File URL: http://www.anpec.org.br/revista/vol13/vol13n3ap603_627.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. David K. Lambert & Elliott Parker, 1998. "Productivity in Chinese Provincial Agriculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 49(3), pages 378-392.
    2. Fulginiti, Lilyan E. & Perrin, Richard K., 1992. "Prices and Productivity in Agriculture," Staff General Research Papers Archive 543, Iowa State University, Department of Economics.
    3. Pires, Jorge Oliveira & Garcia, Fernando, 2004. "Productivity of nations: a stochastic frontier approach to TFP decomposition," Textos para discussão 143, FGV/EESP - Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).
    4. Fulginiti, Lilyan E & Perrin, Richard K, 1993. "Prices and Productivity in Agriculture," The Review of Economics and Statistics, MIT Press, pages 471-482.
    5. Zelenyuk, Valentin, 2013. "A scale elasticity measure for directional distance function and its dual: Theory and DEA estimation," European Journal of Operational Research, Elsevier, pages 592-600.
    6. Fulginiti, Lilyan E. & Perrin, Richard K., 1997. "LDC agriculture: Nonparametric Malmquist productivity indexes," Journal of Development Economics, Elsevier, pages 373-390.
    7. Juliana Amadi & Jenifer Piesse & Colin Thirtle, 2004. "Crop Level Productivity in the Eastern Counties of England, 1970-97," Journal of Agricultural Economics, Wiley Blackwell, vol. 55(2), pages 367-383.
    8. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, pages 21-37.
    9. Lau, Lawrence J. & Yotopoulos, Pan A., 1989. "The meta-production function approach to technological change in world agriculture," Journal of Development Economics, Elsevier, pages 241-269.
    10. Tim J. Coelli & D. S. Prasada Rao, 2005. "Total factor productivity growth in agriculture: a Malmquist index analysis of 93 countries, 1980-2000," Agricultural Economics, International Association of Agricultural Economists, pages 115-134.
    11. John M. Antle, 1999. "The New Economics of Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(5), pages 993-1010.
    12. Claudio Bravo-Ortega & Daniel Lederman, 2004. "Agricultural productivity and its determinants: revisiting international experiences," Estudios de Economia, University of Chile, Department of Economics, vol. 31(2 Year 20), pages 133-163, December.
    13. Fulginiti, Lilyan E. & Perrin, Richard K., 1993. "Prices and Productivity in Agriculture," Staff General Research Papers Archive 773, Iowa State University, Department of Economics.
    14. Buhr, Brian L. & Hansen, James & Hassan, Zuhair A. & Hayes, Dermot J. & Helmar, Michael D. & Hennessy, David A. & Johnson, Stanley R. & Meyers, William H. & Stephens, Deborah L. & Stephens, Kyle J. & , 1991. "Determining Winners and Losers from a Gatt Agreement: The Importance of Base Periods and Rules," Staff General Research Papers Archive 440, Iowa State University, Department of Economics.
    15. Helfand, Steven M. & Levine, Edward S., 2004. "Farm size and the determinants of productive efficiency in the Brazilian Center-West," Agricultural Economics, Blackwell, pages 241-249.
    16. Fulginiti, Lilyan E & Perrin, Richard K, 1993. "Prices and Productivity in Agriculture," The Review of Economics and Statistics, MIT Press, pages 471-482.
    17. Fulginiti, Lilyan E. & Perrin, Richard K., 1997. "LDC agriculture: Nonparametric Malmquist productivity indexes," Journal of Development Economics, Elsevier, pages 373-390.
    18. Jean-Christophe Bureau & Rolf Färe & Shawna Grosskopf, 1995. "A Comparison Of Three Nonparametric Measures Of Productivity Growth In European And United States Agriculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 46(3), pages 309-326.
    19. Helfand, Steven M. & Levine, Edward S., 2004. "Farm size and the determinants of productive efficiency in the Brazilian Center-West," Agricultural Economics, Blackwell, pages 241-249.
    20. Kawagoe, Toshihiko & Hayami, Yujiro & Ruttan, Vernon W., 1985. "The intercountry agricultural production function and productivity differences among countries," Journal of Development Economics, Elsevier, pages 113-132.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Integração Financeira; Efeitos Colaterais; Reformas;

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:anp:econom:v:13:y:2012:i:3a:603_627. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rodrigo Zadra Armond). General contact details of provider: http://edirc.repec.org/data/anpecea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.