LEADER 03959oam 22010574 450 001 9910788692703321 005 20230120060919.0 010 $a1-4623-5988-4 010 $a1-4527-8544-9 010 $a1-283-51781-7 010 $a9786613830265 010 $a1-4519-0995-0 035 $a(CKB)3360000000443951 035 $a(SSID)ssj0001473759 035 $a(PQKBManifestationID)11803100 035 $a(PQKBTitleCode)TC0001473759 035 $a(PQKBWorkID)11449403 035 $a(PQKB)11196731 035 $a(MiAaPQ)EBC3012529 035 $a(IMF)WPIEE2006282 035 $a(EXLCZ)993360000000443951 100 $a20020129d2006 uf 0 101 0 $aeng 181 $ctxt 182 $cc 183 $acr 200 10$aBrazil?s Long-Term Growth Performance?Trying to Explain the Puzzle /$fRicardo Adrogué, Martin Cerisola, Gaston Gelos 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (21 pages) 225 1 $aIMF Working Papers 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-4518-6542-2 330 3 $aThis paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation techniques, building on the vast empirical literature on growth. The empirical evidence presented in this paper confirms that macroeconomic stability and several reforms have helped raise per capita growth in Brazil since the mid-1990s. The results also show that some long-standing structural weaknesses continue to weigh negatively on per capita growth. Reducing the high level of government consumption would help lower the overall consumption level in the economy and lower its intertemporal price-the real interest rate-thus helping to foster investment and growth. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/282 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aForeign Exchange$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aMacroeconomics: Consumption$2imf 606 $aSaving$2imf 606 $aWealth$2imf 606 $aFiscal Policy$2imf 606 $aPortfolio Choice$2imf 606 $aInvestment Decisions$2imf 606 $aInterest Rates: Determination, Term Structure, and Effects$2imf 606 $aFinance$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aGovernment consumption$2imf 606 $aFiscal policy$2imf 606 $aInternational liquidity$2imf 606 $aReal interest rates$2imf 606 $aReal exchange rates$2imf 606 $aConsumption$2imf 606 $aEconomics$2imf 606 $aInternational finance$2imf 606 $aInterest rates$2imf 607 $aBrazil$2imf 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aForeign Exchange 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aMacroeconomics: Consumption 615 7$aSaving 615 7$aWealth 615 7$aFiscal Policy 615 7$aPortfolio Choice 615 7$aInvestment Decisions 615 7$aInterest Rates: Determination, Term Structure, and Effects 615 7$aFinance 615 7$aCurrency 615 7$aForeign exchange 615 7$aGovernment consumption 615 7$aFiscal policy 615 7$aInternational liquidity 615 7$aReal interest rates 615 7$aReal exchange rates 615 7$aConsumption 615 7$aEconomics 615 7$aInternational finance 615 7$aInterest rates 700 $aAdrogué$b Ricardo$01558673 701 $aCerisola$b Martin$01558674 701 $aGelos$b Gaston$01465377 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788692703321 996 $aBrazil?s Long-Term Growth Performance?Trying to Explain the Puzzle$93823256 997 $aUNINA