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The rapid growth hypothesis. New arguments

Author

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  • Antonio Barros de Castro

Abstract

After the 1981-2003 quasi-stagnation, the Brazilian economy signals that it is back to fast growth. The aborted growth spurts in this period accumulated an expansion potential that is now emerging. The growth frustration was particularly significant in the case of the growth surge beginning in 1999, as an outcome of the large 1999 depreciation of the real and the substantial 1990s increase of productivity. Now this repressed growth is being spontaneously liberated. It may be additionally liberated by adequate economic policies. Improvements in macroeconomic policy and the implementation of mini micro reforms are consistent with this incremental approach. JEL Classification: O54.

Suggested Citation

  • Antonio Barros de Castro, 2012. "The rapid growth hypothesis. New arguments," Brazilian Journal of Political Economy, Center of Political Economy, vol. 32(1), pages 3-20.
  • Handle: RePEc:ekm:repojs:v:32:y:2012:i:1:p:3-20:id:338
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    More about this item

    Keywords

    quasi-stagnation; fast growth; incremental approach;
    All these keywords.

    JEL classification:

    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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