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Os efeitos do câmbio no crescimento da economia brasileira

Author

Listed:
  • Luciano Nakabashi

    () (Department of Economics, Universidade Federal do Paraná)

  • Marcelo Luiz Curado

    () (Department of Economics, Universidade Federal do Paraná)

  • João Basílio Pereima Neto

    () (Department of Economics, Universidade Federal do Paraná)

Abstract

Although the improvement accomplished in the external accounts and the Brazilian economic growth in recent years, it would be incorrect to conclude that the external restriction is not important to determine the economic growth rate in longer periods of time. The maintenance of the Brazilian exchange rate overvaluation for a considerable period of time is leading to a weakening of other external indicators in a way that it is going to damage its own economic growth. That is, the policy makers need to be aware of the fact that the economic growth current path is not sustainable in the medium term. Therefore, the present article explores the consequences of this process on some important variables that can affect the Brazilian economic dynamism in longer periods of time.

Suggested Citation

  • Luciano Nakabashi & Marcelo Luiz Curado & João Basílio Pereima Neto, 2008. "Os efeitos do câmbio no crescimento da economia brasileira," Working Papers 0074, Universidade Federal do Paraná, Department of Economics.
  • Handle: RePEc:fup:wpaper:0074
    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

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    More about this item

    Keywords

    external restriction; economic growth; exchange rate;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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