Severe recession with inflation: the case of Brazil

Sicsú, João; Modenesi, André de Melo; Pimentel, Débora

doi:10.1080/01603477.2020.1835497

Cited by 7 publications

(5 citation statements)

References 5 publications

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“…The recession was driven by government austerity, for instance the withdrawal of subsidies to intermediate inputs, which led to an increase in fossil fuel and electricity prices. Brazilian inflation rose by 4.26% in 2015 compared to 2014, and variations in electricity, diesel, and gasoline prices contributed to 2.35% of this inflation rise [6].…”

Section: Introductionmentioning

confidence: 99%

“…Despite being a period of severe recession, Brazil presented an atypical scenario with double-digit inflation in 2015 [6], reaching almost 11% inflation in that year [7]. The recession was driven by government austerity, for instance the withdrawal of subsidies to intermediate inputs, which led to an increase in fossil fuel and electricity prices.…”

Section: Introductionmentioning

confidence: 99%

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Analysis of Hydrous Ethanol Price Competitiveness after the Implementation of the Fossil Fuel Import Price Parity Policy in Brazil

et al. 2021

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Competition is a relevant element in any open economy. Public policies are necessary to induce economic efficiency and to create conditions to preserve or stimulate a competitive environment. This paper aims to assess the competitiveness of hydrous ethanol price in a period of political, social and economic crises, in 15 Brazilian state capitals between the years 2012 and 2019. We compared the ethanol–gasoline price ratio behavior in two different periods, before and after the import parity price policy implemented by Petrobras in 2016. Mann–Whitney and Levene’s tests, two non-parametric statistical methods, were applied to verify significant changes between these periods. The implementation of changes in Petrobras’ pricing policy from 2016 onwards caused a statistically significant increase in the ratio coefficient of variation in two-thirds of the distribution market and more than the half of analyzed retail markets. Second, overall, the cities that showed statistically significant changes in the median and coefficient of variation in the distribution market price ratio were followed by the retail market. Our findings suggest that government interventions in the fuel and byproduct final selling prices to distributors negatively impact competition between companies that are part of the fuel distribution and retail chain, also affecting the sale of biofuels in Brazil and discouraging the initiatives to use renewable fuels to reduce the emission of pollutants.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Analysis of Hydrous Ethanol Price Competitiveness after the Implementation of the Fossil Fuel Import Price Parity Policy in Brazil

et al. 2021

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“…These findings do exclude LULUCF emissions. Recent LULUCF trends indicate an increase in deforestation-induced emissions and would counteract some of this reduction (SEEG 2021 ; Silva Junior et al 2021 ) Canada − 15% 0% The most recent estimates show a significant drop in 2020 emissions. This is induced by the introduction of new regulations to reduce emissions from oil and gas exploration and production (Government of Canada 2018 ).…”

Section: Resultsmentioning

confidence: 99%

The G20 emission projections to 2030 improved since the Paris Agreement, but only slightly

Nascimento

Kuramochi

Höhne

2022

Mitig Adapt Strateg Glob Change

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Many years passed since the adoption of the Paris Agreement, which invites countries to determine their own contributions to climate change mitigation efforts. The Agreement does not offer a standard to measure progress but relies on a process of periodic stocktakes to inform ambition-raising cycles. To contribute to this process, we compare 2021 greenhouse gas emission projections up to 2030 against equivalent projections prepared back in 2015. Both sets of projections were prepared using the same bottom-up modelling approach that accounts for adopted policies at the time. We find that 2021 projections for the G20 as a group are almost 15% lower (approximately 6 GtCO2eq) in 2030 than projected in 2015. Annual emissions grow 1% slower in the coming decade than projected in 2015. This slower growth mostly stems from the adoption of new policies and updated expectations on technology uptake and economic growth. However, around one-quarter of these changes are explained by the effects of the COVID-19 pandemic on short-term emissions and economic forecasts. These factors combined result in substantially lower emission projections for India, the European Union plus the UK (EU27 + UK), the Unites States, Russia, Saudi Arabia, and South Africa. We observe a remarkable change in South African projections that changed from a substantial increase to now a decline, driven in part by the planned phase-out of most of its coal-based power. Emissions in India are projected to grow slower than in 2015 and in Indonesia faster, but emissions per capita in both countries remain below 5 tCO2eq in 2030, while those in the EU27 + UK decline faster than expected in 2015 and probably cross the 5 tCO2eq threshold before 2030. Projected emissions per capita in Australia, Canada, Saudi Arabia, and the United States are now lower than projected in 2015 but remain above 15 tCO2eq in 2030. Although emission projections for the G20 improved since 2015, collectively they still slightly increase until 2030 and remain insufficient to meet the Paris Agreement temperature goals. The G20 must urgently and drastically improve adopted policies and actions to limit the end-of-century warming to 1.5 °C.

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“…[20], после чего наступила рецессия, наблюдающаяся и в настоящее время (наибольшее падением ВВП произошло в 2015 г.). Рецессия сопровождается высокой инфляцией [21], из-за чего население становится все менее и менее платежеспособным [22].…”

Section: обзор исследований бразильского авторынкаunclassified

Competition in the Brazilian automotive market in 2011—2021

Spektor

2022

Latinskaia Amerika

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The article provides an analysis of the development of the Brazilian automotive market in the competitive environment in 2011—2021. The SV matrix is used as an analytical tool that allows to track changes in different industries of the economy. The results of the study showed that the Brazilian car market, along with the country's economy, has gone through significant changes in 10 years. In the second half of the 2010s, the market was finally formed, the dominant group of companies expanded, and its high concentration was achieved. Competition in the Brazilian car market today can be characterized as the "Big Seven": 7 equally large companies control almost the entire market. The automotive market in Brazil is similar to the Russian car market: in both countries there is a high presence of multinational manufacturers, foreign cars are the most popular among the population. The dynamics of the economy in general and the automotive markets in particular are similar, both countries entered the stage of recession and high inflation in 2015. Therefore, the Brazilian experience in supporting the automotive market is valuable for Russia and makes it possible to formulate recommendations for the development of the automotive market in developing countries.

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Severe recession with inflation: the case of Brazil

Cited by 7 publications

References 5 publications

Analysis of Hydrous Ethanol Price Competitiveness after the Implementation of the Fossil Fuel Import Price Parity Policy in Brazil

Analysis of Hydrous Ethanol Price Competitiveness after the Implementation of the Fossil Fuel Import Price Parity Policy in Brazil

The G20 emission projections to 2030 improved since the Paris Agreement, but only slightly

Competition in the Brazilian automotive market in 2011—2021

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