Brazil’s Long-Term Growth Performance—Trying to Explain the Puzzle / Ricardo Adrogué, Martin Cerisola, Gaston Gelos.

Format:

Book

Government document

Author/Creator:

Adrogué, Ricardo.

Contributor:

Cerisola, Martin.

Gelos, Gaston.

Series:

IMF Working Papers; Working Paper ; No. 2006/282

IMF Working Papers

Language:

English

Physical Description:

1 online resource (21 pages)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Language Note:

English

Summary:

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.

Contents:

Intro

Contents

I. INTRODUCTION

II. BRAZIL'S LONG-TERM GROWTH PERFORMANCE IN A CROSS-COUNTRY CONTEXT

III. ASSESSING BRAZIL'S GROWTH PERFORMANCE IN A DYNAMIC PANEL MODEL

IV. DISSECTING BRAZIL'S GROWTH DETERMINANTS

V. CONCLUSIONS

APPENDICES

I. TABLE. SALA-I-MARTIN'S LIST OF 21 VARIABLES

II. DATA DEFINITIONS AND VARIABLES

REFERENCES.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

ISBN:

9786613830265

9781462359882

1462359884

9781452785448

1452785449

9781283517812

1283517817

9781451909951

1451909950