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Growth and industrialization in Brazil: an interpretation in the light of Kaldor's proposals

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  • Marcos Tostes Lamonica
  • Carmem Aparecida Feijó

Abstract

In this paper, based on the writings of Kaldor and his followers, we compare two phases of Brazilian economic growth, one showing fast growth rate and other with lack of growth. Our aim is to analyze the Brazilian economic behavior in the last 40 years, pointing out economic policy intervention, structural change, foreign trade and capital flows as determinants to account for gross product development path performance. Our aim is to shed some light on which is the potential rate of growth of the Brazilian economy nowadays, considering its historical growth path and recent structural changes in the industrial sector. JEL Classification: F41; O11.

Suggested Citation

  • Marcos Tostes Lamonica & Carmem Aparecida Feijó, 2011. "Growth and industrialization in Brazil: an interpretation in the light of Kaldor's proposals," Brazilian Journal of Political Economy, Center of Political Economy, vol. 31(1), pages 118-138.
    • Handle: RePEc:ekm:repojs:v:31:y:2011:i:1:p:118-138:id:395
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    More about this item

    Keywords

    economic growth; exprots; industrialization; international liquidity;
    All these keywords.

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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