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Record Nr. |
UNINA9910814901003321 |
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Autore |
Adrogué Ricardo |
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Titolo |
Brazil’s Long-Term Growth Performance—Trying to Explain the Puzzle / / Ricardo Adrogué, Martin Cerisola, Gaston Gelos |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-5988-4 |
1-4527-8544-9 |
1-283-51781-7 |
9786613830265 |
1-4519-0995-0 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (21 pages) |
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Collana |
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Altri autori (Persone) |
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CerisolaMartin |
GelosGaston |
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Soggetti |
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Banks and Banking |
Finance: General |
Foreign Exchange |
Macroeconomics |
Public Finance |
Macroeconomics: Consumption |
Saving |
Wealth |
Fiscal Policy |
Portfolio Choice |
Investment Decisions |
Interest Rates: Determination, Term Structure, and Effects |
Finance |
Currency |
Foreign exchange |
Government consumption |
Fiscal policy |
International liquidity |
Real interest rates |
Real exchange rates |
Consumption |
Economics |
International finance |
Interest rates |
Brazil |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Bibliographic Level Mode of Issuance: Monograph |
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Nota di contenuto |
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Intro -- Contents -- I. INTRODUCTION -- II. BRAZIL'S LONG-TERM GROWTH PERFORMANCE IN A CROSS-COUNTRY CONTEXT -- III. ASSESSING BRAZIL'S GROWTH PERFORMANCE IN A DYNAMIC PANEL MODEL -- IV. DISSECTING BRAZIL'S GROWTH DETERMINANTS -- V. CONCLUSIONS -- APPENDICES -- I. TABLE. SALA-I-MARTIN'S LIST OF 21 VARIABLES -- II. DATA DEFINITIONS AND VARIABLES -- REFERENCES. |
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Sommario/riassunto |
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This paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation techniques, building on the vast empirical literature on growth. The empirical evidence presented in this paper confirms that macroeconomic stability and several reforms have helped raise per capita growth in Brazil since the mid-1990s. The results also show that some long-standing structural weaknesses continue to weigh negatively on per capita growth. Reducing the high level of government consumption would help lower the overall consumption level in the economy and lower its intertemporal price-the real interest rate-thus helping to foster investment and growth. |
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