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Macroeconomic Policy, Growth and Income Distribution in the Brazilian Economy in the 2000s

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  • Franklin Serrano
  • Ricardo Summa

Abstract

The Brazilian economy grew by 4.2 percent annually from 2004-2010, more than double its annual growth from 1999-2003 or indeed its growth rate over the prior quarter century. This growth was accompanied by a significant reduction in poverty and extreme poverty, especially after 2005, as well as reduced inequality. This paper looks at the combination of external changes and changes in macroeconomic policy that contributed to these results.

Suggested Citation

  • Franklin Serrano & Ricardo Summa, 2011. "Macroeconomic Policy, Growth and Income Distribution in the Brazilian Economy in the 2000s," CEPR Reports and Issue Briefs 2011-13, Center for Economic and Policy Research (CEPR).
    • Handle: RePEc:epo:papers:2011-13
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    File URL: http://www.cepr.net/documents/publications/brazil-2011-06.pdf
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    References listed on IDEAS

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    1. Frenkel, Roberto, 2012. "Lecciones de politica macroeconómica para el desarrollo, a la luz de la experiencia del pasado decenio," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(313), pages 5-49, enero-mar.
    2. Nelson H. Barbosa Filho, 2005. "Estimating Potential Output : a Survey of the Alternative Methods and their Applications to Brazil," Discussion Papers 1092, Instituto de Pesquisa Econômica Aplicada - IPEA.
    3. Alcino F. Câmara Neto & Matías Vernengo, 2006. "Monetary Integration and Dollarization: What Are the Lessons?," Chapters, in: Matías Vernengo (ed.), Monetary Integration and Dollarization, chapter 15, Edward Elgar Publishing.
    4. Bresser Pereira,Luiz Carlos, 2010. "Globalization and Competition," Cambridge Books, Cambridge University Press, number 9780521144537.
    5. Matías Vernengo (ed.), 2006. "Monetary Integration and Dollarization," Books, Edward Elgar Publishing, number 3483.
    6. Nelson H. Barbosa-Filho, 2009. "Inflation Targeting in Brazil: 1999–2006," Chapters, in: Gerald A. Epstein & A. Erinc Yeldan (ed.), Beyond Inflation Targeting, chapter 7, Edward Elgar Publishing.
    7. Bresser Pereira,Luiz Carlos, 2010. "Globalization and Competition," Cambridge Books, Cambridge University Press, number 9780521196352.
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    Citations

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    Cited by:

    1. Franklin Serrano & Ricardo Summa, 2015. "Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014 [Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 25(spe), pages 803-833, December.
    2. Nicoli Nattrass, 2014. "Meeting the Challenge of Unemployment?," The ANNALS of the American Academy of Political and Social Science, , vol. 652(1), pages 87-105, March.
    3. Carmem Aparecida Feij� & Marcos Tostes Lamonica & Julio Cesar Albuquerque Bastos, 2015. "Accumulation pattern of the Brazilian economy in the 1990s and 2000s," International Review of Applied Economics, Taylor & Francis Journals, vol. 29(1), pages 15-31, January.

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    More about this item

    Keywords

    brazil; economy;

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • I - Health, Education, and Welfare
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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