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Structural adjustment and agricultural growth in the 1980s: additional notes

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  • Joaquim Bento de Souza Ferreira Filho

Abstract

This paper deals with some aspects of the Brazilian agriculture development inthe near past. The growth rate differential between agriculture and industry in the 80’s wasfirst analysed. The conclusion is that the kind of structural adjustment the Brazilian economyhas faced at that time has favored agriculture to grow faster than the industrial sector. Thefall in the national income caused by the external savings interruption has mainly affectedinvestment, made out integrally of industrial products. In this way, industrial growth wasmuch more severally affected than agriculture. But this would not suffice to explain the realagriculture growth then. So, it was found that there was also an important supply side stimulusto agriculture, due to a huge reduction in the agricultural production costs. This hascertainly been an important factor related to agriculture growth in the 80’s. JEL Classification: Q11; O47.

Suggested Citation

  • Joaquim Bento de Souza Ferreira Filho, 1998. "Structural adjustment and agricultural growth in the 1980s: additional notes," Brazilian Journal of Political Economy, Center of Political Economy, vol. 18(4), pages 581-594.
    • Handle: RePEc:ekm:repojs:v:18:y:1998:i:4:p:581-594:id:1152
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    Keywords

    Economic growth; agriculture;

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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