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Uma interpretação sobre a evolução da produtividade industrial no Brasil nos anos noventa e as "leis" de Kaldor [An interpretation of industrial productivity evolution in Brazil in the nineties and the Kaldor 'laws']


  • Carmem Aparecida Feijo

    () (Universidade Federal Fluminense)

  • Paulo Gonzaga M. de Carvalho

    () (Instituto Brasileiro de Geografia e Estatística)


The aim of this paper is to recover Kaldor´s propositions to shed some light on the recent debate about industrial productivity in Brazil. Nowadays, it is a well-disseminated idea that the opening of the economy has contributed to the increased industrial productivity in the nineties. However, theoretical arguments have emphasized supply sources as the main cause of such an increased productivity. Following the Keynesian tradition, Kaldor emphasizes the importance of the aggregate demand components to explain productivity growth. In conclusion, we call attention to the fact that sustainability of productivity growth depends basically on the factors working on the aggregate demand side.

Suggested Citation

  • Carmem Aparecida Feijo & Paulo Gonzaga M. de Carvalho, 2002. "Uma interpretação sobre a evolução da produtividade industrial no Brasil nos anos noventa e as "leis" de Kaldor [An interpretation of industrial productivity evolution in Brazil in the ninet," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 12(2), pages 57-78, July-Dece.
  • Handle: RePEc:nov:artigo:v:12:y:2002:i:2:p:57-78

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    References listed on IDEAS

    1. Paul Davidson, 1983. "Rational Expectations: A Fallacious Foundation for Studying Crucial Decision-Making Processes," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(2), pages 182-198, January.
    2. Lawson, Tony, 1985. "Uncertainty and Economic Analysis," Economic Journal, Royal Economic Society, vol. 95(380), pages 909-927, December.
    3. Lawson, Tony, 1987. "The Relative/Absolute Nature of Knowledge and Economic Analysis," Economic Journal, Royal Economic Society, vol. 97(388), pages 951-970, December.
    4. Dosi, Giovanni, 1993. "Technological paradigms and technological trajectories : A suggested interpretation of the determinants and directions of technical change," Research Policy, Elsevier, vol. 22(2), pages 102-103, April.
    5. Runde, Jochen, 1990. "Keynesian Uncertainty and the Weight of Arguments," Economics and Philosophy, Cambridge University Press, vol. 6(02), pages 275-292, October.
    6. Paul Davidson, 1987. "Sensible Expectations and the Long-Run Non-Neutrality of Money," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(1), pages 146-153, September.
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    Cited by:

    1. André Nassif & Carmem Feijó & Eliane Araújo, 2015. "Structural change and economic development: is Brazil catching up or falling behind?," Cambridge Journal of Economics, Oxford University Press, vol. 39(5), pages 1307-1332.

    More about this item


    industrial productivity; industrial growth; structural change;

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure


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