IDEAS home Printed from https://ideas.repec.org/a/nov/artigo/v24y2014i2p243-264.html
   My bibliography  Save this article

As características da estrutura financeira brasileira e a trajetória de industrialização [Characteristics of the Brazilian financial structure and the industrialization trajectory]

Author

Listed:
  • Elson Rodrigo de Souza-Santos

    (USP)

  • Armando Dalla Costa

    (UFPR)

Abstract

The objectives of this paper is to identify the main characteristics of the Brazilian financial structure. The theoretical approach used is historical-institutional with statistics about financial structure; legal transformation and Brazilian economic metamorphose. The conclusions indicate the highlight of public credit for long maturation to productive investment and consumption. On the other side, the self-financing remains high for retaining profits. In the decade of 2000, the international financial crisis (2007-…) strengthened the public credit and institutions for encouraging demand and help companies in difficulties. The Brazilian economic growth between 2007 and 2008 was identified in the increased participation of large companies in the capital markets and using financial products for investments. However, these enterprises remained for public credit but assumed high risk for speculation. Their operations of high risk were revealed by financial crisis.

Suggested Citation

  • Elson Rodrigo de Souza-Santos & Armando Dalla Costa, 2014. "As características da estrutura financeira brasileira e a trajetória de industrialização [Characteristics of the Brazilian financial structure and the industrialization trajectory]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 24(2), pages 243-264, May-Augus.
    • Handle: RePEc:nov:artigo:v:24:y:2014:i:2:p:243-264
    as

    Download full text from publisher

    File URL: http://www.scielo.br/scielo.php?script=sci_pdf&pid=S0103-63512014000200243&lng=pt&nrm=iso&tlng=pt
    Download Restriction: no
    File URL: http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0103-63512014000200243&lng=pt&nrm=iso&tlng=pt
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    financial structure; industrialization; firms;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nov:artigo:v:24:y:2014:i:2:p:243-264. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lucas Resende de Carvalho (email available below). General contact details of provider: https://edirc.repec.org/data/fufmgbr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.