Brazil’s Long-Term Growth Performance—Trying to Explain the Puzzle

This paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation techniques, building on the vast empirical literature on growth. The empirical evidence presented in this paper confirms that macroeconomic stability and several reforms have he...

Full description

Bibliographic Details
Main Author: Adrogué, Ricardo
Other Authors: Cerisola, Martin, Gelos, Gaston
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02415nmm a2200553 u 4500
001 EB000928604
003 EBX01000000000000000722200
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451865424 
100 1 |a Adrogué, Ricardo 
245 0 0 |a Brazil’s Long-Term Growth Performance—Trying to Explain the Puzzle  |c Ricardo Adrogué, Martin Cerisola, Gaston Gelos 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2006 
300 |a 21 pages 
651 4 |a Brazil 
653 |a International finance 
653 |a Interest rates 
653 |a Wealth 
653 |a Economics 
653 |a International liquidity 
653 |a Finance 
653 |a Saving 
653 |a Real interest rates 
653 |a Government consumption 
653 |a Fiscal Policy 
653 |a Currency 
653 |a Fiscal policy 
653 |a Foreign Exchange 
653 |a Banks and Banking 
653 |a Consumption 
653 |a Macroeconomics 
653 |a Macroeconomics: Consumption 
653 |a Real exchange rates 
653 |a Interest Rates: Determination, Term Structure, and Effects 
653 |a Public Finance 
653 |a Portfolio Choice 
653 |a Finance: General 
653 |a Investment Decisions 
653 |a Foreign exchange 
700 1 |a Cerisola, Martin 
700 1 |a Gelos, Gaston 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451865424.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2006/282/001.2006.issue-282-en.xml?cid=20139-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation techniques, building on the vast empirical literature on growth. The empirical evidence presented in this paper confirms that macroeconomic stability and several reforms have helped raise per capita growth in Brazil since the mid-1990s. The results also show that some long-standing structural weaknesses continue to weigh negatively on per capita growth. Reducing the high level of government consumption would help lower the overall consumption level in the economy and lower its intertemporal price-the real interest rate-thus helping to foster investment and growth