Uma interpretação das causas da desaceleração econômica do Brasil

Dados Bibliográficos

ID4369080
AutoresEdmar Bacha (0000-0002-5798-6953, Institute of Economic and Social Development), Edmar Lisboa Bacha (Instituto de Estudos de Política Econômica), Regis Bonelli (ECOSTRAT; IPEA)
Ano2005
Volume25
Fascículo3
Páginas163-189
Data de publicação2005-09-01
Open AccessSim
TipoARTICLE
PeriódicoBrazilian Journal of Political Economy (JOURNAL)
Identificadores do periódicoISSN: 0101-3157 • E-ISSN: 1809-4538
EditoraFapUNIFESP (SciELO) (PUBLISHER)
DOI10.1590/s0101-31572005000300001
OpenAlexW1976812373
SciELOS0101-31572005000300001
IdiomaPT
Citações recebidas14
Referências citadas2

The paper aims at explaining why Brazil's GDP growth plunged after 1980. Brazil's GDP grew at 7% yearly from 1940 to 1980 but at only 2.5% per year since then. Increases in the relative price of investment that reduced the purchasing power of savings, associated to declines in the productivity of capital, seem to have been the most important factors behind the observed loss of dynamism. The tentative conclusion is that inward-oriented economic policies since the 1970s and, perhaps, even as early as the 1950s, had negative long-run growth implications that were aggravated by populist policies in the early years of the post-1984 redemocratization

Humanities · Economic Growth and Productivity · Economic Theory and Policy · Fiscal Policy and Economic Growth · Geology · Philosophy

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