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We combine state-level fiscal data with household survey data to assess the links between sub-national fiscal policy and income inequality in Brazil over the period 1995-2011. The results indicate that a tighter fiscal stance at the sub-national level is not associated with a deterioration in inequality measures. This finding contrasts with the conclusions of several papers in the burgeoning literature on the effects of fiscal consolidation on inequality using national data for OECD economies. In addition, we find that a tighter stance is typically positively associated with a measure of “shared prosperity”. Hence, our results caution against extrapolating policy implications of the literature focusing on advanced economies to other settings.

This book addresses both domestic and foreign readers, and for that reason appears in English. Following the survey of history of the Lisbon Exchange published in 1996 by David Justino, the present text extends that medieval period to the Nineteenth century analysis to the present day. Many other Stock Exchanges in Europe and elsewhere have been studied and published by many authors, but no comparable book for Portugal has existed until the present work. The text is accessible to medium-knowledge readers. In a world of internationalization of corporations and financial institutions it is paramount that they be able to mobilize the capacities of the Capital Market to finance the economy, and to possess a thorough understanding of the role of a Stock Exchange for the efficient working of that market. Portugal is a case of great interest to developing countries, as it was able to re-instate the market after 1974, and with such success that the country joined the European Union in 1986 and the innovative Euronext Group of Stock Exchanges in 2002. The book discloses for the first time a database used to calculate a share index that was developed over three years with the help of the FCT grant PTDC/HIS-HIS/100132/2008, and using a methodology that makes that index comparable to common international indices and compatible with the General Index computed daily by the Exchange.

This provocative book paved the way for nursing research informed by f eminist scholarship, critical theory, and post-modern thought. Controv ersial then, relevant today.

Micro MBA focuses on accounting, economics, marketing, human resources, operations, finance and gives the "core" curriculum of subjects usually present in an MBA program. This book presents the key concepts to all those pursuing a managerial career in the technological and engineering industry on principles, strategies, models, techniques, methodologies and applications in the business area for non-economists.

This paper identifies the factors linked to cross-country differentials in growth performance in the aftermath of social conflict for 30 sub-Saharan African countries using panel data techniques. Our results show that changes in the terms of trade are the most important correlate of economic performance in post-conflict environments. This variable is typically associated with an increase in the marginal probability of positive economic performance by about 30 percent. Institutional quality emerges as the second most important factor. Foreign aid is shown to have very limited ability to explain differentials in growth performance, and other policy variables such as trade openness are not found to have a statistically significant effect. The results suggest that exogenous factors ("luck") are an important factor in post-conflict recovery. They also highlight the importance in post-conflict settings of policies to mitigate the macroeconomic impact of terms of trade volatility (including countercyclical macroeconomic policies and innovative financing instruments) and of policies to promote export diversification.

The paper combines state-level fiscal data with household survey data to assess the links between sub-national fiscal policy and income inequality in Brazil over the period 1995-2011. The results indicate that a tighter fiscal stance at the sub-national level is not associated with a deterioration in inequality measures. This finding contrasts with the conclusions of several papers in the burgeoning literature on the effects of fiscal consolidation on inequality using national data for OECD economies. In addition, the authors find that a tighter stance is typically positively associated with a measure of "shared prosperity". Hence, the results caution against extrapolating policy implications of the literature focusing on advanced economies to other settings.