Rise and decline of the seventies

Analysis of the Brazilian economy between 1970 and 1982, focusing on its cyclicalnature. After a short analysis of the economy’s expansion up to 1974, the author discussesalternative theories for the reversion of the cycle. With the subsequent slowdown of economicgrowth, we have inflation and an exp...

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Bibliographic Details
Author: Bresser-Pereira, Luiz Carlos
Format: article
Status:Published version
Publication Date:1983
Country:Brasil
Institution:EDITORA 34
Repository:Revista de Economia Política
Language:Portuguese
OAI Identifier:oai:ojs2.centrodeeconomiapolitica.org:article/1927
Online Access:https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1927
Access Level:Open access
Keyword:Business cycle
external debt
recession
inflation
Ciclo econômico
dívida externa
recessão
inflação
Description
Summary:Analysis of the Brazilian economy between 1970 and 1982, focusing on its cyclicalnature. After a short analysis of the economy’s expansion up to 1974, the author discussesalternative theories for the reversion of the cycle. With the subsequent slowdown of economicgrowth, we have inflation and an explosive increase in the foreign debt. Finally, thearticle analyses the 1981-1982 recession and the underlying distributive crisis. JEL Classification: O40; O11; E31.