Crescimento econômico e liquidez externa no Brasil após 1970
AbstractThis paper assesses the relationship between the capital account and the Brazilianeconomic growth according to balance-of-payments constraint approach. The Thirlwall(1979)´s simple rule is extended to take into consideration capital account and severalempirical evidence using time series analysis are shown. Conversely to the simple rulewhen fitted rates of balance-of-payment equilibrium economic growth average bellowthe observed ones, fitted rates of growth using the rule extended to internationalliquidity are consistently greater than the observed ones. It is fair to conclude that, first,the Brazilian economy grows better during abundant international liquidity and, second,the economy sub utilizes such advantage growing far less than it could grow.
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Bibliographic InfoPaper provided by Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil) in its series Textos para discussão with number 205.
Date of creation: 01 Jul 2010
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Other versions of this item:
- Fabrício de Assis C. Vieira & Márcio Holland, 2007. "Crescimento Econômico E Liquidez Externa No Brasil Após 1970," Anais do XXXV Encontro Nacional de Economia [Proceedings of the 35th Brazilian Economics Meeting], ANPEC - AssociaÃ§Ã£o Nacional dos Centros de PÃ³sgraduaÃ§Ã£o em Economia [Brazilian Association of Gr 015, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
- NEP-ALL-2010-07-10 (All new papers)
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