Luciano Nakabashi () (Department of Economics, Universidade Federal do Paraná) Marcelo Luiz Curado () (Department of Economics, Universidade Federal do Paraná) João Basílio Pereima Neto () (Department of Economics, Universidade Federal do Paraná)
Abstract
Although the improvement accomplished in the external accounts and the Brazilian economic growth in recent years, it would be incorrect to conclude that the external restriction is not important to determine the economic growth rate in longer periods of time. The maintenance of the Brazilian exchange rate overvaluation for a considerable period of time is leading to a weakening of other external indicators in a way that it is going to damage its own economic growth. That is, the policy makers need to be aware of the fact that the economic growth current path is not sustainable in the medium term. Therefore, the present article explores the consequences of this process on some important variables that can affect the Brazilian economic dynamism in longer periods of time.
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Publisher Info
Paper provided by Universidade Federal do Paraná, Department of Economics in its series Working Papers with number
0074.
Length: 21 pages Date of creation: 2008 Date of revision: Handle: RePEc:fup:wpaper:0074
Note: Creation Date corresponds to the year in which the paper was published on the Department of Economics website. The paper may have been written a small number of months before its publication date. Contact details of provider: Postal: Av. Prefeito Loth�rio Meissner, 632 - t�rreo, Bairro Jardim Bot�nico, 80210-170 Curitiba - PR Phone: (041)360-4350 Fax: (041)360-4471 Email: Web page: http://www.economiaetecnologia.ufpr.br/ More information through EDIRC
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Find related papers by JEL classification: E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies O24 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
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