Research Interests: Development Economics

 Firms, Productivity, Access to Credit, Applied Econometrics

Working Papers

• Distorting Signals: The Role of Short-Selling in Capital Allocation Efficiency (with J. Macedo) 

• Crime and Misallocation of Resources: The Case of Manufacturing Companies in Colombia (with H. Paez) SBE 2024

• Green Misallocation: Allocative Efficiency and Air Pollution (with J. Hora) SBE 2024

Publications

• Predatory Stock Price Manipulation (with R. da Matta and S. Rocha) Journal of Corporate Finance, 2025. Quoted by the  U.S. Securities and Exchange Commission

• Short Selling and Product Market Competition Journal of Banking and Finance, 2024 (with R. da Matta and S. Rocha) 

• Expectations and Firm Dynamics: Aggregate versus Idiosyncratic Shocks in Emerging Economies (with M. Silva and R. Vasconcelos) Economics Bulletin, Sept. 2022

• Access to Long-Term Credit and Productivity of Small and Medium Firms: A Causal Evidence (With T. Cavalcanti) Economic Letters, Jan. 2017 -  Diário de Pernambuco, Carta Capital, OVE (IDB), Livro Verde do BNDES, BIS WP, IMF WP, Productivity Insight Networks, Relatorio de Efetividade BNDES 2018

• Discovery of Natural Resources: A Class of General Equilibrium Models. Energy Economics, Jan. 2017

• Real Exchange Rate and Manufacturing Growth in Latin America. (with W. Baer) Latin American Economic Review, 2014

Books and Policy Papers (In Portuguese)

• The Misallocation Literature (with R. Vasconcelos). Chapter in the book "The Productivity Challenge: Taking Brazil Out of Medium Income Trap" (by Fabio Giambiagi and José Ronaldo), 2024

• Investimento Externo Direto e Aquisições no Brasil (with J. Sabino) Texto para Discussão do IPEA. Sponsor: IPEA, Brazil. 2023  

• A Transferência de Líderes de Organizações Criminosas Aumenta o Crime Local? O Caso de Marcola . Sponsor: Ministry of Justice, Brazil. 2020

• Evaluating the Social and Economic Impact of the Centros de Esportes e Artes Unificados: on crime, education, health, and employment. Sponsor: Ministry of Social Development, Brazil. 2019

• Safe Drinking Water and Child Mortality: Evidence from a Large Scale Program in the Brazilian Semi-arid. Chapter in Avaliação de Políticas Públicas no Brasil: Uma Análise do Semiárido. Instituto de Pesquisa Econômica Aplicada. 2019. (with L. Emanuel, D. Mata, and B. Sampaio)

• Estimating Demand for Cinema in Brazil - Sponsor: Ministry of Culture, Brazil. (With B. Sampaio, G. Sampaio). 2018