Brazil’s Long-Term Growth Performance—Trying to Explain the Puzzle / / Ricardo Adrogué, Martin Cerisola, Gaston Gelos

• Autore: Adrogué Ricardo
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Descrizione fisica: 1 online resource (21 pages)
• Soggetto topico: 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
• Soggetto geografico: Brazil
• Altri autori: CerisolaMartin GelosGaston
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Sommario/riassunto: 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.
• Titolo autorizzato: Brazil’s Long-Term Growth Performance—Trying to Explain the Puzzle
• ISBN: 1-4623-5988-4; 1-4527-8544-9; 1-283-51781-7; 9786613830265; 1-4519-0995-0
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788692703321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/282