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Lessons from BNDES (Ferraz & Coutinho)

Investiment policies, development finance and economic transformation: lessons from BNDES by João C. Ferraz and Luciano Coutinho published by  Structural Change and Economic Dynamics (3/2019). “This article analyses the extent to which the Brazilian Development Bank, BNDES, responded to investment policy directives and the consequences its finance had in the Brazilian economy between 2007 and 2015…”

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