THE HISTORY OF BRAZILIAN ECONOMIC GROWTH AND THE BALANCE OF PAYMENTS CONSTRAINT

Authors

  • Veridiana Ramos Carvalho USP
  • Ana Carolina Giuberti UFES

DOI:

https://doi.org/10.22456/2176-5456.13126

Keywords:

Economic policy, Growth, Balance-of-payments constraint, Income elasticity.

Abstract

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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Author Biographies

Veridiana Ramos Carvalho, USP

Mestre e doutoranda em Economia da FEA-USP

Ana Carolina Giuberti, UFES

Professora do Departamento de Economia da UFES e doutoranda em Economia da FEA-USP

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Published

2011-03-15

How to Cite

Carvalho, V. R., & Giuberti, A. C. (2011). THE HISTORY OF BRAZILIAN ECONOMIC GROWTH AND THE BALANCE OF PAYMENTS CONSTRAINT. Análise Econômica, 28(54). https://doi.org/10.22456/2176-5456.13126

Issue

Vol. 28 No. 54 (2010): setembro de 2010

Section

Artigos

License

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