http://app.cul.columbia.edu:8080/ac/handle/10022/AC:P:29745 Search the Channel search http://app.cul.columbia.edu:8080/ac/simple-search http://app.cul.columbia.edu:8080/ac/handle/10022/AC:P:29811 Title: Brazil, failing to turn the corner… <br/> <br/>Author(s): Sotelino, Fernando B. <br/> <br/>Abstract: In an article last year for Foco, Economia e Negocios, I suggested that Brazil might be getting very close to missing its best opportunity ever to “turn the corner,” which I defined as the capability to issue treasury bonds in Reais at fixed interest rates of no more than 10% per annum for tenures of at least 10 years. I argued this through comparison with four other relatively favorable moments— in terms of political and economic tranquility—of the last 100 years. Mon, 29 Oct 2007 22:58:59 GMT http://app.cul.columbia.edu:8080/ac/handle/10022/AC:P:29757 Title: Party System Institutionalization: The Case of Chile and Why We Need to Un-Pack the Concept and its Measurement <br/> <br/>Author(s): Luna, Juan Pablo <br/> <br/>Abstract: The analysis of party voter linkages presented in this paper illustrates the risks of conflating party system stability and programmatic structuring in a one-dimensional concept of party system institutionalization, showing that while electoral volatility has remained low over time, programmatic structuring has weakened and party-voter linkages have significantly mutated. Moreover, the data also suggests that social fragmentation and inequality have enabled parties to combine different linkage-types with constituents, thereby minimizing the sustainability trade­offs identified in Kitschelt’s original analytical framework. In conclusion, both conceptual innovation and alternative empirical strategies are needed to better describe and explain the heterogeneous and socially segmented linkage strategies that ambitious politicians are crafting in Latin America in pursuit of a winning electoral coalition. <br/> <br/>Description: DRAFT!!! Mon, 11 May 2009 04:58:05 GMT http://app.cul.columbia.edu:8080/ac/handle/10022/AC:P:29756 Title: Inefficiency in Hedge Fund Strategies at Sao Paulo Stock Exchange: A Random Coefficients Modeling Approach <br/> <br/>Author(s): Favero, Luis Paulo Lopes <br/> <br/>Abstract: Literature has not reached a consensus on how the firm and industry effects influence the stoic price performance of publicly-traded companies over time. Based on the premise of significant changes in the stock price performance of companies listed on Sao Paulo Stock Exchange (Bovespa) in recent years, and the occurrence of these variations in function of the characteristics of each firm and activity industry, this study uses hierarchical modeling with repeated measures to propose an approach that permits analyzing random effects as an alternative for profitability evolution analysis. Through a sample of 45 companies working in ten industries during an eight-year period (2001-2008), totaling 317 observations, low representativeness of the activity industry is verified to distinguish the mean annual profitability and the growth rates of stock prices among companies listed on Bovespa in recent years. Mon, 11 May 2009 04:55:30 GMT http://app.cul.columbia.edu:8080/ac/handle/10022/AC:P:29755 Title: The FDI recession has begun <br/> <br/>Author(s): Sauvant, Karl P. <br/> <br/>Description: Columbia FDI Perspectives, No. 1, November 22, 2008. Perspectives on topical foreign direct investment issues by the Vale Columbia Center on Sustainable International Investment Wed, 29 Oct 2008 22:58:59 GMT