“…Reallocation effects are small despite liberalization of services markets. Our findings of the distributive trade sector in Brazil are different from that in several OECD countries (in particular the UK and the US), where reallocation dynamics play an important role in accounting for growth.  …”
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“…In this brief note, we present a reflection on the still excessive simplification contained in the statement that in the political markets of supply and demand of public policies, one vote is equivalent to one unit of purchase (one peso, one dollar, one euro ) of the goods and services markets. It also concludes that the presumption that politicians elected in democratic elections faithfully reflect the preferences, tastes, scales of values and ideology of voting citizens is highly questionable, and therefore we can not precisely consider them "faithful representatives and efficient maximizers of our Function of Social Welfare ", underlying principle out of all discussion and taken as a starting point in the formal construction of most conventional macroeconomic models of general equilibrium.…”
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