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Inserção internacional, arranjos financeiros e crescimento da economia brasileira: 1947-2003


  • Marco Flávio da Cunha Resende



By using the Minskyan approach of financial instability and the neo-schumpeterian approach to the relationship between the National System of Innovation (NSI) and economic competitiveness, a standard was obtained for growth cycles of economies whose NSI shows deficiencies when compared with the NSI of the developed countries. According to this standard, growth cycles begin with the structuring of financial arrangements and end with exchange crises and collapse of those arrangements. It was concluded that growth cycles in the Brazilian economy between 1947 and 2003 closely followed the above-mentioned standard.

Suggested Citation

  • Marco Flávio da Cunha Resende, 2004. "Inserção internacional, arranjos financeiros e crescimento da economia brasileira: 1947-2003," Textos para Discussão Cedeplar-UFMG td244, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td244

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    external vulnerability; financial arrangements; Brazilian economic growth;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights


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