THE HISTORY OF BRAZILIAN ECONOMIC GROWTH AND THE BALANCE OF PAYMENTS CONSTRAINT
The paper studies the effects of economic policies adopted in the period 1930-2007 on the behavior of the income elasticities of demand for imports and exports of the Brazilian economy, under the balance-of-payments-constrained growth model. Based on a model in first differences estimated by least s...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2011 |
| País: | Brasil |
| Institución: | Universidade Federal do Rio Grande do Sul (UFRGS) |
| Repositorio: | Análise Econômica (Online) |
| Idioma: | portugués |
| OAI Identifier: | oai:seer.ufrgs.br:article/13126 |
| Acceso en línea: | https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/13126 |
| Access Level: | acceso abierto |
| Palabra clave: | Economic policy Growth Balance-of-payments constraint Income elasticity. E12 N16 O11. política econômica crescimento restrição externa elasticidade-renda 011 |
| Sumario: | The paper studies the effects of economic policies adopted in the period 1930-2007 on the behavior of the income elasticities of demand for imports and exports of the Brazilian economy, under the balance-of-payments-constrained growth model. Based on a model in first differences estimated by least squares, the study identifies the historical periods when there were breaks in these parameters and related then to policies followed. The results indicate that although the growth of a country is restricted by the structure of its foreign trade, this structure can be modified by governmental policies. |
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