Crescimento econômico e liquidez externa no Brasil após 1970
| Autor: | Fabrício Vieira, Márcio Holland |
|---|---|
| Jazyk: | portugalština |
| Rok vydání: | 2010 |
| Předmět: |
Macroeconomics
Sociology and Political Science lcsh:HB71-74 lcsh:Economics as a science Brazilian economy Capital account Thirlwall law economic growth Market liquidity international liquidity Political Science and International Relations Economics Econometrics Time series Empirical evidence General Economics Econometrics and Finance Constraint (mathematics) |
| Zdroj: | Brazilian Journal of Political Economy, Volume: 30, Issue: 2, Pages: 233-253, Published: JUN 2010 Brazilian Journal of Political Economy, Vol 30, Iss 2, Pp 233-253 (2010) Brazilian Journal of Political Economy v.30 n.2 2010 Revista de Economia Política EDITORA 34 instacron:EDITORA_34 |
| Popis: | Economic growth and foreign liquidity in Brazil after 1970. This paper assesses the relationship between the capital account and the Brazilian economic growth according to balance-of-payments constraint approach. The Thirlwall (1979)'s simple rule is extended to take into consideration capital account and several empirical evidence using time series analysis are shown. Conversely to the simple rule when fitted rates of balance-of-payment equilibrium economic growth average bellow the observed ones, fitted rates of growth using the rule extended to international liquidity are consistently greater than the observed ones. It is fair to conclude that, first, the Brazilian economy grows better during abundant international liquidity and, second, the economy sub utilizes such advantage growing far less than it could grow. |
| Databáze: | OpenAIRE |
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