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



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Autore: Adrogué Ricardo Visualizza persona
Titolo: Brazil’s Long-Term Growth Performance—Trying to Explain the Puzzle / / Ricardo Adrogué, Martin Cerisola, Gaston Gelos Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
Edizione: 1st ed.
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
Nota di contenuto: 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.
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  Visualizza cluster
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.: 9910814901003321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2006/282