04387oam 22010934 450 991081490100332120240410162221.01-4623-5988-41-4527-8544-91-283-51781-797866138302651-4519-0995-0(CKB)3360000000443951(SSID)ssj0001473759(PQKBManifestationID)11803100(PQKBTitleCode)TC0001473759(PQKBWorkID)11449403(PQKB)11196731(MiAaPQ)EBC3012529(IMF)WPIEE2006282(EXLCZ)99336000000044395120020129d2006 uf 0engurcnu||||||||txtccrBrazil’s Long-Term Growth Performance—Trying to Explain the Puzzle /Ricardo Adrogué, Martin Cerisola, Gaston Gelos1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (21 pages)IMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4518-6542-2 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.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 Ricardo1624134Cerisola Martin1606031Gelos Gaston1624135DcWaIMFBOOK9910814901003321Brazil’s Long-Term Growth Performance—Trying to Explain the Puzzle3958955UNINA