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Which developmentalism? A Keynesian–Institutionalist proposal

Author

Listed:
  • Fernando Ferrari Filho

    (Federal University of Rio Grande do Sul, Porto Alegre and National Council for Scientific and Technological Development, Brasilia, Brazil)

  • Pedro Cezar Dutra Fonseca

    (Federal University of Rio Grande do Sul, Porto Alegre and National Council for Scientific and Technological Development, Brasilia, Brazil)

Abstract

Academic discussion of Brazil's economic growth is currently framed in terms of export-led growth and wage-led growth, identified, respectively, with the new- developmentalism and the social-developmentalism approaches. This article presents a Keynesian–Institutionalist proposal to the Brazilian economy based on a wage-led regime without neglecting the long-run balance of payment current account requirement to ensure macroeconomic stability in the Brazilian economy.

Suggested Citation

  • Fernando Ferrari Filho & Pedro Cezar Dutra Fonseca, 2015. "Which developmentalism? A Keynesian–Institutionalist proposal," Review of Keynesian Economics, Edward Elgar Publishing, vol. 3(1), pages 90-107, January.
    • Handle: RePEc:elg:rokejn:v:3:y:2015:i:1:p90-107
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    Citations

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    Cited by:

    1. Luiz Carlos Bresser-Pereira, 2016. "Reflecting on new developmentalism and classical developmentalism," Review of Keynesian Economics, Edward Elgar Publishing, vol. 4(3), pages 331-352, July.
    2. Carmem Feijo & Marcos Tostes Lamonica & Sergiany da Silva Lima, 2022. "Growth and stagnation in a dual economy: The case of Brazil," PSL Quarterly Review, Economia civile, vol. 75(301), pages 119-138.

    More about this item

    Keywords

    new-developmentalism; social-developmentalism; Keynesian–Institutionalist; wage-led; profit-led; export-led growths;
    All these keywords.

    JEL classification:

    • B - Schools of Economic Thought and Methodology
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches

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