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Brazil's long-term growth performance : trying to explain the puzzle

Author: Ricardo Adrogué; Martin Cerisola; Gaston Gelos; International Monetary Fund. Western Hemisphere Department.
Publisher: Washington, D.C. : International Monetary Fund, 2006.
Series: IMF working paper, WP/06/282.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
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  Read more...
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Genre/Form: Electronic books
Computer network resources
Additional Physical Format: Print version:
Adrogué, Ricardo, 1969-
Brazil's long-term growth performance.
Washington, D.C. : International Monetary Fund, Western Hemisphere Dept., 2006
(OCoLC)144512715
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Ricardo Adrogué; Martin Cerisola; Gaston Gelos; International Monetary Fund. Western Hemisphere Department.
ISBN: 1283517817 9781283517812
OCLC Number: 568151250
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (21 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/06/282.
Responsibility: prepared by Ricardo Adrogué, Martin Cerisola, and Gaston Gelos.

Abstract:

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.

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