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Long-term perspectives of Brazilian economy: an exploratory analysis

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  • Pedro C. Ferreira

Abstract

This article uses Endogenous Growth Theory framework to examine long termprospects of Brazilian economy. We study the behavior of those variables identified by theoryas central for development. The article argues that Brazil’s educational system performanceis poor even by Latin America standards. There are still too many market restrictions andother barriers to trade and technology adoption. Infrastructure services and investmentsare deficient and the tax system too concentrated and distorcive. Hence, while these factorspersist, it is not likely that the country will grow at sustainable rates comparable to thoseexperienced two decades ago. However, privatization of infrastructure sectors may spur atemporary boom as investment increases to satisfy repressed demand. JEL Classification: O41; E22.

Suggested Citation

  • Pedro C. Ferreira, 1998. "Long-term perspectives of Brazilian economy: an exploratory analysis," Brazilian Journal of Political Economy, Center of Political Economy, vol. 18(4), pages 533-560.
    • Handle: RePEc:ekm:repojs:v:18:y:1998:i:4:p:533-560:id:1150
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    File URL: https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/1150/1135
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    More about this item

    Keywords

    Endogenous growth mode; human capital; economic development; investment;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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