Crescimento econômico e liquidez externa no Brasil após 1970

Revista de Economia Política

Fabrício De Assis C. Vieira²  Márcio Holland¹ 

[1] ,Universidade Federal de Minas Gerais Centro de Desenvolvimento e Planejamento Regional

关键词: economic growth;    international liquidity;    Thirlwall law;    Brazilian economy;   

DOI  :  10.1590/S0101-31572010000200004

来源: SciELO

【 摘 要 】

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.

【 授权许可】

CC BY   
 All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License