IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Acumulação de capital, restrição externa, hiato tecnológico e mudança estrutural: teoria e experiência Brasileira

  • Marcos Tostes Lamônica

    ()

    (Department of Economics, Universidade Federal Fluminense)

  • José Luís Oreiro

    ()

    (Department of Economics, Universidade Federal do Paraná)

  • Carmem Feijó

    ()

    (Department of Economics, Universidade Federal Fluminense)

The periods of fast growth in the Brazilian economy from the post-war until the end of the 1970s have been constrained by imbalances in the foreign sector. We propose in this paper a model, based on Kaldor, where capital accumulation, technological gap and long run external constrain are connected. Our hypothesis is that capital accumulation, under certain circumstances, can overcome external constrain if the accumulation effort promotes structural change increasing the importance of sectors technological-intensive. It is expected that the structural change in this direction will contribute to an increase in the income-elasticity of exports and to a decrease in income-elasticity of imports, resulting in the increase in the growth rate of real product compatible with the balance of payments equilibrium in the long run. The last part of the paper shows that the high investment rate observed in the Brazilian economy from the post-war period until the end of the 1970s resulted in the deepening of the import substitution process, what, in our interpretation, contributed to partially increase the long run growth rate of the Brazilian economy compatible with the balance of payment equilibrium.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.economiaetecnologia.ufpr.br/textos_discussao/texto_para_discussao_ano_2009_texto_10.pdf
Download Restriction: no

Paper provided by Universidade Federal do Paraná, Department of Economics in its series Working Papers with number 0092.

as
in new window

Length: 20 pages
Date of creation: 2009
Date of revision:
Handle: RePEc:fup:wpaper:0092
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.
Contact details of provider: Postal: Av. Prefeito Lothário Meissner, 632 - térreo, Bairro Jardim Botânico, 80210-170 Curitiba - PR
Phone: (041)360-4350
Fax: (041)360-4471
Web page: http://www.economiaetecnologia.ufpr.br/Email:


More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:fup:wpaper:0092. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Luciano Nakabashi)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.