03959oam 22010574 450 991078869270332120230120060919.01-4623-5988-41-4527-8544-91-283-51781-797866138302651-4519-0995-0(CKB)3360000000443951(SSID)ssj0001473759(PQKBManifestationID)11803100(PQKBTitleCode)TC0001473759(PQKBWorkID)11449403(PQKB)11196731(MiAaPQ)EBC3012529(IMF)WPIEE2006282(EXLCZ)99336000000044395120020129d2006 uf 0engtxtccrBrazil’s Long-Term Growth Performance—Trying to Explain the Puzzle /Ricardo Adrogué, Martin Cerisola, Gaston GelosWashington, D.C. :International Monetary Fund,2006.1 online resource (21 pages)IMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4518-6542-2 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.IMF Working Papers; Working Paper ;No. 2006/282Banks and BankingimfFinance: GeneralimfForeign ExchangeimfMacroeconomicsimfPublic FinanceimfMacroeconomics: ConsumptionimfSavingimfWealthimfFiscal PolicyimfPortfolio ChoiceimfInvestment DecisionsimfInterest Rates: Determination, Term Structure, and EffectsimfFinanceimfCurrencyimfForeign exchangeimfGovernment consumptionimfFiscal policyimfInternational liquidityimfReal interest ratesimfReal exchange ratesimfConsumptionimfEconomicsimfInternational financeimfInterest ratesimfBrazilimfBanks and BankingFinance: GeneralForeign ExchangeMacroeconomicsPublic FinanceMacroeconomics: ConsumptionSavingWealthFiscal PolicyPortfolio ChoiceInvestment DecisionsInterest Rates: Determination, Term Structure, and EffectsFinanceCurrencyForeign exchangeGovernment consumptionFiscal policyInternational liquidityReal interest ratesReal exchange ratesConsumptionEconomicsInternational financeInterest ratesAdrogué Ricardo1558673Cerisola Martin1558674Gelos Gaston1465377DcWaIMFBOOK9910788692703321Brazil’s Long-Term Growth Performance—Trying to Explain the Puzzle3823256UNINA