PUC Rio | Departamento de Economia

Political Power, Elite Control, and Long-Run Development: Evidence from Brazil

Journal of the European Economic Association, , v. 22,

p. 2870–2908, 2024

This paper analyzes how changes in the concentration of political power affect long-run development. We study Brazil’s military dictatorship whose rise to power dramatically altered the distribution of power of local political elites. We document that municipalities that were more politically concentrated prior to the dictatorship in the 1960s are relatively richer in 2000, despite being poorer initially. Our evidence suggests that this reversal of fortune was the result of the military’s policies aimed at undermining the power of traditional elites. These policies increased political competition among traditional elites, leading to better governance, more public goods, and higher income levels

Claudio Ferraz, Frederico Finan, Monica Martinez-Bravo.

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Money and Politics: The Effects of Campaign Spending Limits on Political Entry and Competition

American Economic Journal: Applied Economics, v. 14,

p. 167-199, 2022

This paper studies the effects of campaign spending limits on the political entry, selection, and behavior of local politicians in Brazil. We analyze a reform that limits campaign spending for mayoral elections. The limits were implemented with a discontinuity that we exploit for causal identification. We find that stricter limits reduce reelection rates and increase political competition by attracting more candidates who are also less wealthy and rely less on self-financing. Despite their effects on electoral outcomes, stricter limits did not lead to significant short-run improvements in policy outcomes, such as in education and health.

Eric Avis, Claudio Ferraz, Frederico Finan, Carlos Eduardo Sant´Anna Varjão.

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A volta da discussão sobre política industrial

Nexo, 13/05/2021

Claudio Ferraz.

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A economia política e o combate às mudanças climáticas

Nexo, 21/04/2021

Claudio Ferraz.

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Precisamos do setor privado na atenção básica de saúde?

Nexo, 29/10/2020

Claudio Ferraz.

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Reforma no setor público: como melhorar o Estado brasileiro

Nexo, 06/08/2020

Claudio Ferraz.

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Racismo, participação política e a persistência das desigualdades brasileiras

Nexo, 10/06/2020

Claudio Ferraz.

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Por que um presidente deixa a população morrer?

Nexo, 13/05/2020

Claudio Ferraz.

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A democracia em tempo de crise

Epoca, 20/03/2020

Claudio Ferraz, Filipe Robin Campante, Rodrigo Reis Soares.

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Coronavírus: como aliviar o grande choque econômico que se aproxima?

Nexo, 18/03/2020

Claudio Ferraz.

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"Cientista da Democracia" Artigo sobre o Prof. Claudio Ferraz na revista Piauí

Revista Piauí, 04/11/2019

Claudio Ferraz.

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O trabalho de economistas para um mundo melhor

Nexo, 31/10/2019

Claudio Ferraz.

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Os pesquisadores Marina Dias e Claudio Ferraz testaram se a divulgação de notas em avaliações de aprendizagem afeta tendências eleitorais.

Folha de São Paulo, 28/10/2019

Claudio Ferraz.

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Voting for Quality? The Impact of School Performance Information on Electoral Outcome

TD n. 668, 21/10/2019

We use data from polling stations and public primary schools to estimate the electoral effects of making school quality information available to voters. We exploit the introduction of a school-level accountability system in Brazil that provides, for the first time, information about school quality and exploit variation in schools affected by the policy. We find that incumbent vote shares are 2.14 percentage points higher for schools in the top 20% of our sample’s distribution of school quality and 1.54 percentage points lower for schools in the bottom 20% of the distribution. These effects are mostly driven by the unpredicted component of school quality and are larger for more educated voters.

Marina Dias, Claudio Ferraz.

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Professor Claudio Ferraz fala sobre o Prêmio Nobel em Economia

O Valor Econômico, 14/10/2019

Claudio Ferraz.

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Onde está o debate sobre políticas de debate a corrupção

NEXO, 20/09/2018

Claudio Ferraz.

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Democracia em desencanto

O Globo, 11/09/2018

Claudio Ferraz, Rodrigo Reis Soares, Filipe Robin Campante.

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As causas políticas de nossa estagnação produtiva

NEXO, 08/09/2018

Claudio Ferraz.

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Do Government Audits Reduce Corruption? Estimating the Impacts of Exposing Corrupt Politicians

Journal of Political Economy, v. 125, TD n. 5, 2018

This paper examines the extent to which government audits of public resources can reduce corruption by enhancing political and judiciary accountability. We do so in the context of Brazil’s anticorruption program, which randomly audits municipalities for their use of federal funds. We find that being audited in the past reduces future corruption by 8 percent, while also increasing the likelihood of experiencing a subsequent legal action by 20 percent. We interpret these reduced-form findings through a political agency model, which we structurally estimate. Our results suggest that the reduction in corruption comes mostly from the audits increasing the perceived nonelectoral costs of engaging in corruption.

Eric Avis, Claudio Ferraz, Frederico Finan.

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As causas políticas da nossa estagnação produtiva

NEXO, 22/08/2018

Claudio Ferraz.

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Resultado da busca por: Claudio Ferraz

Political Power, Elite Control, and Long-Run Development: Evidence from Brazil

Money and Politics: The Effects of Campaign Spending Limits on Political Entry and Competition

A volta da discussão sobre política industrial

A economia política e o combate às mudanças climáticas

Precisamos do setor privado na atenção básica de saúde?

Reforma no setor público: como melhorar o Estado brasileiro

Racismo, participação política e a persistência das desigualdades brasileiras

Por que um presidente deixa a população morrer?

A democracia em tempo de crise

Coronavírus: como aliviar o grande choque econômico que se aproxima?

"Cientista da Democracia" Artigo sobre o Prof. Claudio Ferraz na revista Piauí

O trabalho de economistas para um mundo melhor

Os pesquisadores Marina Dias e Claudio Ferraz testaram se a divulgação de notas em avaliações de aprendizagem afeta tendências eleitorais.

Voting for Quality? The Impact of School Performance Information on Electoral Outcome

Professor Claudio Ferraz fala sobre o Prêmio Nobel em Economia

Onde está o debate sobre políticas de debate a corrupção

Democracia em desencanto

As causas políticas de nossa estagnação produtiva

Do Government Audits Reduce Corruption? Estimating the Impacts of Exposing Corrupt Politicians

As causas políticas da nossa estagnação produtiva

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