Research Interests: Development Economics
Firms, Productivity, Access to Credit, Applied Econometrics
Research Interests: Development Economics
Firms, Productivity, Access to Credit, Applied Econometrics
I am an Adjunct Professor and head of the Graduate Program in Economics at the Universidade Federal de Pernambuco (UFPE), Brazil, and also a founding member of the Grupo de Avaliação de Políticas Públicas e Econômicas - GAPPE. My research focuses on Firms, Economic Development, and Applied Econometrics. My CV is available here.
Publications and working papers can be found below. Teaching material (in Portuguese) available in here.
E-mail: paulo.vaz@ufpe.br
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