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Inserção internacional, arranjos financeiros e crescimento da economia brasileira: 1947-2003

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  • Marco Flávio da Cunha Resende

    (Cedeplar-UFMG)

Abstract

By using the Minskyan approach of financial instability and the neo-schumpeterian approach to the relationship between the National System of Innovation (NSI) and economic competitiveness, a standard was obtained for growth cycles of economies whose NSI shows deficiencies when compared with the NSI of the developed countries. According to this standard, growth cycles begin with the structuring of financial arrangements and end with exchange crises and collapse of those arrangements. It was concluded that growth cycles in the Brazilian economy between 1947 and 2003 closely followed the above-mentioned standard.

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Bibliographic Info

Paper provided by Cedeplar, Universidade Federal de Minas Gerais in its series Textos para Discussão Cedeplar-UFMG with number td244.

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Length: 28 pages
Date of creation: Dec 2004
Date of revision:
Handle: RePEc:cdp:texdis:td244

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Keywords: external vulnerability; financial arrangements; Brazilian economic growth;

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