MUDANÇA INSTITUCIONAL E ESTRUTURAL NA ECONOMIA BRASILEIRA DO INÍCIO DOS ANOS NOVENTA

Abstract

This article is aimed at trying to explain the great transformations which have impacted the brazilian economy since the beginning of the nineties. We analyze the historical evolution of the conditions of its economic environment, pointed out by the adoption of the Import Substitution Model. In this context, we consider that the accomplishment of the economic openness, promoted by the Foreign Trade and Industrial Policy (Pice), stood for a great institutional change that modified deeply the brazilian economic environment, originating the structural and technological change. The economic openness have induced the change of technological behavior of the firms. At last, we intend to test some assumptions developed through the article, using labor productivity serie. We achieve outlier analysis, applying a new method called Joint Estimation Procedure, developed by Chen & Liu in the beginning of the nineties.