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Strategy for Economic Growth in Brazil: a Post Keynesian Approach

Author

Listed:
  • José Luís Oreiro

    (Department of Economics, Universidade Federal do Paraná)

  • Luiz Fernando de Paula

    (Universidade Estadual do Rio de Janeiro)

Abstract

The paper proposes a Keynesian strategy for economic policy that aims to achieve higher, stable and sustained economic growth in Brazil. Its main hypothesis is that the current poor growth performance of the Brazilian economy is due to macroeconomic and structural constraints rather than to the lack of microeconomic reforms.

Suggested Citation

  • José Luís Oreiro & Luiz Fernando de Paula, 2005. "Strategy for Economic Growth in Brazil: a Post Keynesian Approach," Working Papers 0027, Universidade Federal do Paraná, Department of Economics.
    • Handle: RePEc:fup:wpaper:0027
    Note: Creation Date corresponds to the year in which the paper was published on the Department of Economics website. The paper may have been written a small number of months before its publication date.
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    References listed on IDEAS

    as
    1. Ms. Agnes A Belaisch, 2003. "Do Brazilian Banks Compete?," IMF Working Papers 2003/113, International Monetary Fund.
    2. Paul Davidson, 1994. "Post Keynesian Macroeconomic Theory," Books, Edward Elgar Publishing, number 124.
    3. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    4. Luiz Fernando R. De Paula & Antonio José Alves, 2000. "External Financial Fragility and the 1998-1999 Brazilian Currency Crisis," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 22(4), pages 589-617, July.
    5. Joseph E. Stiglitz, 1999. "More instruments and broader goals: moving toward the Post-Washington Consensus," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(1), pages 101-128.
    6. Antonio J. Alves, Jr. & Fernando Ferrari, Jr. & Luiz F. R. De Paula, 2000. "The Post Keynesian Critique of Conventional Currency Crisis Models and Davidson's Proposal to Reform the International Monetary System," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 22(2), pages 207-225, January.
    7. Tarsila Segalla Afanasieff & Priscilla Maria Villa Lhacer & Márcio I. Nakane, 2002. "The Determinants of Bank Interest Spread in Brazil," Money Affairs, CEMLA, vol. 0(2), pages 183-207, July-Dece.
    8. Thomas I. Palley, 2004. "Escaping the debt constraint on growth: a suggested monetary policy for Brazil," Brazilian Journal of Political Economy, Center of Political Economy, vol. 24(1), pages 38-52.
    9. Joseph E. Stiglitz, 1999. "More instruments and broader goals: moving toward the post-washington consensus," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(1).
    10. J. A. Kregel, 1994. "The Viability of Economic Policy and the Priorities of Economic Policy," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 17(2), pages 261-277, December.
    11. Arestis, Philip & Sawyer, Malcolm, 1998. "Keynesian Economic Policies for the New Millennium," Economic Journal, Royal Economic Society, vol. 108(446), pages 181-195, January.
    12. Joseph E. Stiglitz, 1999. "More instruments and broader goals: moving toward the post-washington consensus," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(1), pages 94-120.
    13. Antonio J. Alves & Fernando Ferrari & Luiz F.R. De Paula, 1999. "The Post Keynesian Critique of Conventional Currency Crisis Models and Davidson’s Proposal to Reform the International Monetary System," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 22(2), pages 207-225, December.
    14. A. P. Thirlwall, 2002. "The Nature of Economic Growth," Books, Edward Elgar Publishing, number 2579.
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    Citations

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    Cited by:

    1. Fernando Ferrari-Filho & Luiz Fernando De Paula, 2008. "Exchange rate regime proposal for emerging countries: a Keynesian perspective," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 31(2), pages 227-248, December.
    2. Fernando Ferrari Filho & Luiz Fernando de Paula, 2008. "Exchange Rate Policy and Capital Flows in Emerging Economies: a proposal based on Keynes’ ideas and keynesian approach," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200806251450360, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    3. Luiz Fernando de Paula, 2007. "FINANCIAL LIBERALISATION, EXCHANGE RATE REGIME AND ECONOMIC PERFORMANCE IN BRICs COUNTRIES," Anais do XXXV Encontro Nacional de Economia [Proceedings of the 35th Brazilian Economics Meeting] 016, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

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