IDEAS home Printed from https://ideas.repec.org/p/unu/wpaper/rp2006-81.html
   My bibliography  Save this paper

The Rise and Halt of Economic Development in Brazil, 1945-2004: Industrial Catching-up, Institutional Innovation and Financial Fragility

Author

Listed:
  • Leonardo Burlamaqui
  • Jose A. P. De Souza
  • Nelson H. Barbosa-Filho

Abstract

This paper seeks to explain the dynamics of Brazilian industrial catch-up in the last 60 years by discussing its background institutional conditions as well as its main macroeconomic features. After a brief introduction, the second section describes how after the institutional innovations introduced during the Vargas' and Kubitschek's administrations, a Brazilian version of the Developmental State was created, releasing the growth potential of the economy during the 1950s.

Suggested Citation

  • Leonardo Burlamaqui & Jose A. P. De Souza & Nelson H. Barbosa-Filho, 2006. "The Rise and Halt of Economic Development in Brazil, 1945-2004: Industrial Catching-up, Institutional Innovation and Financial Fragility," WIDER Working Paper Series RP2006-81, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2006-81
    as

    Download full text from publisher

    File URL: https://www.wider.unu.edu/sites/default/files/rp2006-81.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. J.A. Kregel, 1997. "Margins of Safety and Weight of the Argument in Generating Financial Fragility," Journal of Economic Issues, Taylor & Francis Journals, vol. 31(2), pages 543-548, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. João Prates Romero & Elton Freitas & Gustavo Britto & Clara Coelho, 2015. "The Great Divide: The Paths of Industrial Competitiveness in Brazil and South Korea," Textos para Discussão Cedeplar-UFMG 519, Cedeplar, Universidade Federal de Minas Gerais.
    2. Gustavo Britto & João Prates Romero & Elton Freitas & Marcelo Tonne & Clara Coelho, 2015. "Competitividade industrial, complexidade e intensidade tecnológica em Portugal," Textos para Discussão Cedeplar-UFMG 522, Cedeplar, Universidade Federal de Minas Gerais.
    3. Britto, Gustavo & Romero, João Prates & Freitas, Elton & Coelho, Clara, 2019. "The great divide: economic complexity and development paths in Brazil and the Republic of Korea," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Griffith, David A., 2011. "Insights into gaining access to export financing: Understanding export lenders' ideal exporter profile," Journal of World Business, Elsevier, vol. 46(1), pages 84-92, January.
    2. Mario Tonveronachi, 2007. "Implications of Basel II for financial stability. Clouds are darker for developing countries," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 60(241), pages 111-135.
    3. Kenshiro Ninomiya, 2022. "Financial structure, cycle, and instability," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 11(1), pages 1-23, December.
    4. Passarella, Marco, 2012. "A simplified stock-flow consistent dynamic model of the systemic financial fragility in the ‘New Capitalism’," Journal of Economic Behavior & Organization, Elsevier, vol. 83(3), pages 570-582.
    5. Mario Tonveronachi, 2006. "Foreign debt and financial fragility in the perspective of the emerging countries," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 23-48.
    6. Daniele Tori & Eugenio Caverzasi & Mauro Gallegati, 2023. "Financial production and the subprime mortgage crisis," Journal of Evolutionary Economics, Springer, vol. 33(2), pages 573-603, April.
    7. José Antônio P. de Souza & Leonardo Burlamaqui & Nelson H. Barbosa-Filho, 2005. "Institutional Change And Economic Transformation In Brazil, 1945-2004 - From Industrial Catching-Up To Financial Fragility," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting] 064, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    8. Marco Passarella, 2012. "Systemic financial fragility and the monetary circuit: a stock-flow consistent Minskian approach," Working Papers (-2012) 1202, University of Bergamo, Department of Economics.
    9. Chun-Peng Zhang & Rong Kang & Chen Feng, 2016. "Financial Vulnerability, Capital Shocks and Economic Growth: Evidence from China (2005-2014)," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 2(1), pages 23-31.
    10. Mario Tonveronachi, 2009. "Implications of Basel II for financial stability. Clouds are darker for developing countries," PSL Quarterly Review, Economia civile, vol. 62(248-251), pages 117-142.
    11. Mario Tonveronachi, 2006. "Foreign debt and financial fragility in the perspective of the emerging countries," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 23-48.
    12. DemIr, FIrat, 2009. "Capital Market Imperfections and Financialization of Real Sectors in Emerging Markets: Private Investment and Cash Flow Relationship Revisited," World Development, Elsevier, vol. 37(5), pages 953-964, May.
    13. Kenshiro Ninomiya & Masaaki Tokuda, 2021. "Structural change and financial instability in the US economy," Evolutionary and Institutional Economics Review, Springer, vol. 18(1), pages 205-226, April.
    14. Giorgos Argitis, 2013. "Veblenian and Minskian financial markets," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 28-43.
    15. Yannis Dafermos, 2015. "Debt cycles, instability and fiscal rules: a Godley-Minsky model," Working Papers 20151509, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    16. Liudmila Malyshava, 2018. "External Instability in Transition: Applying Minsky's Theory of Financial Fragility to International Markets," Economics Working Paper Archive wp_909, Levy Economics Institute.
    17. Nikolaidi, Maria, 2014. "Margins of safety and instability in a macrodynamic model with Minskyan insights," Structural Change and Economic Dynamics, Elsevier, vol. 31(C), pages 1-16.
    18. Richard Arena & Eric Nasica, 2021. "Keynes's Methodology and the Analysis of Economic Agent Behavior in a Complex World," GREDEG Working Papers 2021-10, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    19. Yannis Dafermos, 2018. "Debt cycles, instability and fiscal rules: a Godley–Minsky synthesis," Cambridge Journal of Economics, Oxford University Press, vol. 42(5), pages 1277-1313.
    20. Hiroshi Nishi, 2019. "An empirical contribution to Minsky’s financial fragility: evidence from non-financial sectors in Japan," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 43(3), pages 585-622.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unu:wpaper:rp2006-81. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Siméon Rapin (email available below). General contact details of provider: https://edirc.repec.org/data/widerfi.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.