Publications: 

• •  “What are firms borrowing for? The role of financial assets”, (with Leila Davis, Y.K. Kim, and Giacomo Rella). Forthcoming (2023), Economic Modelling. [link]

  • "Listing, delisting, and the dissemination of financial norms: A quantile decomposition of firm balance sheets" (with Leila Davis and Gonzalo Hernandez). Forthcoming (2023), Journal of Evolutionary Economics.                                   [link]

  • “Stylized facts on the evolution of profit rates in the U.S.: Evidence from firm-level data” (with Leila Davis). Accepted to appear in Foley, Duncan and Tavani, Daniele (orgs) “Growth, distribution and effective demand: Classical and Post-Keynesian perspectives. Essays in honor of Thomas Michl” (forthcoming).                                                              [link to working paper version]

  • "Churning and profitability in the U.S. Corporate Sector" (with Leila Davis). Metroeconomica, 73(3) (2022), 924-957 [link]

  • “Industrialization and Skill Acquisition in an Evolutionary Model of Coordination Failures” (with Leopoldo Gomez-Ramirez). Metroeconomica 72(4) (2021), 849–867.  [link]

  • "An empirical analysis of Minsky regimes in the US economy" (with Leila Davis and Gonzalo Hernandez-Jimenez). Cambridge Journal of Economics 43(3) (2019),  541–583   [link].                                                                                                                                   

  • "The paradox of Mexico's export boom without growth: a demand-side explanation." (with Leopoldo Gomez-Ramirez)       Structural Change and Economic Dynamics 47 (2018) 96-113 [link]                                                                                                                           

  • "Biased technical change in agriculture and industrial growth." Metroeconomica 68(3) (2017), 549-583.                        [link]

  • "Real wages and labor-saving technical change: evidence from a panel of manufacturing industries in mature and labor-surplus economies".  International Review of Applied Economics 31(2) (2017) 151-172.                                          [link]

  • "Evidence of growth complementarity between agriculture and industry in developing countries",  Structural Change and Economic Dynamics 34 (2015) 1-18.                                                                                                                                   [link]

Working Papers:

• •  "Modernization and underemployment in a dual agrarian sector: the case of Brazil (1950-1980)", Available at SSRN 4472310. [link]

  • "Sectoral net lending in six financial centers." (with Gerald Epstein) Political Economy Research Institute (PERI) Working Paper 346, March 2014. [link]

Work in Progress:

• Stable profit rates in a time of rising market power: The role of financial and intangible assets in the U.S. corporate sector (with Leila Davis).

Older Papers:

• • "Entre o `sentido da colonizacão' e o `arcaísmo como projeto': superando um dilema através do conceito de capital escravista-mercantil."  Estudos Economicos 38 (1) 2008. [in Portuguese].  Reprinted in del Nero, I. and Pires, J.M. (orgs.) "Capital escravidsta-mercantil e a escravidão nas Américas ", Sao Paulo: Educ, 2010. [in Portuguese]