IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v31y2011i5p730-750id382.html
   My bibliography  Save this article

Finance-led growth regime in Brazil

Author

Listed:
  • Miguel Bruno
  • Hawa Diawara
  • Eliane Araujo
  • Ana Carolina Reis
  • Mário Rubens

Abstract

This paper analyzes the Brazilian growth pattern during the post-liberalization period, emphasizing the structural links between finance and productive capital accumulation. The results indicate a finance-led growth regime in the period 2004-2008, under a very specific financialization process. The first part is a survey of the international literature, which defines the financialization concept and its relevance for understanding Brazilian economic problems. The next part provides a historical overview on the structural changes that made possible the development of financial-led regimes. The paper also applies an empirical analysis of some ed Brazilian macroeconomic indicators. JEL Classification: E44; O11; N26.

Suggested Citation

  • Miguel Bruno & Hawa Diawara & Eliane Araujo & Ana Carolina Reis & Mário Rubens, 2011. "Finance-led growth regime in Brazil," Brazilian Journal of Political Economy, Center of Political Economy, vol. 31(5), pages 730-750.
    • Handle: RePEc:ekm:repojs:v:31:y:2011:i:5:p:730-750:id:382
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/382/374
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    financialization; growth regime; Brazilian economy; Brazilian financial system;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean

    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:ekm:repojs:v:31:y:2011:i:5:p:730-750:id:382. 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: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    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.