Investigating the Role of BNDES as a Tool to Transmit Countercyclical Policy Decisions: Evidence from 2002-2016

Carreras, Marco

doi:10.2139/ssrn.3543394

Cited by 2 publications

(1 citation statement)

References 17 publications

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“…This principle also suggests that there is no reason to expect, a priori, pricing itself to be an effective policy, and that other forms of targeted policy may be equally or more effective (notably, regulation). That policy should be 'technology neutral' does not appear to be supported by the evidence; what appears to matter is to be effective at picking winners not losers (Mazzucato, 2012;Klingebiel and Rammer, 2014;Carreras, 2020).…”

Section: Where To Direct the Effortmentioning

confidence: 99%

Risk-Opportunity Analysis for Transformative Policy Design and Appraisal

2022

Complexity Economics for Environmental Governance

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The climate crisis demands a strong response from policy-makers worldwide. The current global climate policy agenda requires technological change, innovation, labour markets and the financial system to be led towards an orderly and rapid low-carbon transition. Yet progress has been slow and incremental. Inadequacies of policy appraisal frameworks used worldwide may be significant contributors to the problem, as they frequently fail to adequately account for the dynamics of societal and technological change. Risks are underestimated, and the economic opportunities from innovation are generally not assessed in practice. Here, we identify root causes of those inadequacies and identify them to structural features of standard analysis frameworks. We use a review of theoretical principles of complexity science and the science of dynamical systems and formulate a generalisation of existing frameworks for policy analysis and the appraisal of outcomes of proposed policy strategies, to help better identify and frame situations of transformational change. We use the term "risk-opportunity analysis" to capture the generalised approach, in which conventional economic cost-benefit analysis is a special case. New guiding principles for policy-making during dynamic and transformational change are offered.

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Section: Where To Direct the Effortmentioning

confidence: 99%