Balance-of-payments-constrained economic growth in Brazil

Detalhes bibliográficos
Autor(a) principal: JAYME JR,FREDERICO GONZAGA
Data de Publicação: 2003
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572003000100063
Resumo: ABSTRACT This paper applies the Thirlwall’s balance-of-payments constraint model to Brazilian economic growth in the period 1955-98, using cointegration technique. According to Thirlwall (1979) and MacCombie and Thirlwall (1994) differences in long-term economic growth among countries can be explained by a demand induced theory of economic growth. The model is tested on the Brazilian economy after industrial take- off in 1955 until 1998 using the cointegration technique and a vector error correction (VEC) representation to find the dynamic responses of exports to GDP. The results show that there is a positive cointegration between growth in exports and long-term economic growth in Brazil, which support the fact external factors constraint Brazilian economic growth.
id EDITORA_34-1_d2f307c92bbe103830f149229d85d0dd
oai_identifier_str oai:scielo:S0101-31572003000100063
network_acronym_str EDITORA_34-1
network_name_str Revista de Economia Política
repository_id_str
spelling Balance-of-payments-constrained economic growth in BrazilBalance of payments constraintgrowthpost Keynesian economicsABSTRACT This paper applies the Thirlwall’s balance-of-payments constraint model to Brazilian economic growth in the period 1955-98, using cointegration technique. According to Thirlwall (1979) and MacCombie and Thirlwall (1994) differences in long-term economic growth among countries can be explained by a demand induced theory of economic growth. The model is tested on the Brazilian economy after industrial take- off in 1955 until 1998 using the cointegration technique and a vector error correction (VEC) representation to find the dynamic responses of exports to GDP. The results show that there is a positive cointegration between growth in exports and long-term economic growth in Brazil, which support the fact external factors constraint Brazilian economic growth.Centro de Economia Política2003-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572003000100063Brazilian Journal of Political Economy v.23 n.1 2003reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572004-0708info:eu-repo/semantics/openAccessJAYME JR,FREDERICO GONZAGAeng2020-07-15T00:00:00Zoai:scielo:S0101-31572003000100063Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2020-07-15T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Balance-of-payments-constrained economic growth in Brazil
title Balance-of-payments-constrained economic growth in Brazil
spellingShingle Balance-of-payments-constrained economic growth in Brazil
JAYME JR,FREDERICO GONZAGA
Balance of payments constraint
growth
post Keynesian economics
title_short Balance-of-payments-constrained economic growth in Brazil
title_full Balance-of-payments-constrained economic growth in Brazil
title_fullStr Balance-of-payments-constrained economic growth in Brazil
title_full_unstemmed Balance-of-payments-constrained economic growth in Brazil
title_sort Balance-of-payments-constrained economic growth in Brazil
author JAYME JR,FREDERICO GONZAGA
author_facet JAYME JR,FREDERICO GONZAGA
author_role author
dc.contributor.author.fl_str_mv JAYME JR,FREDERICO GONZAGA
dc.subject.por.fl_str_mv Balance of payments constraint
growth
post Keynesian economics
topic Balance of payments constraint
growth
post Keynesian economics
description ABSTRACT This paper applies the Thirlwall’s balance-of-payments constraint model to Brazilian economic growth in the period 1955-98, using cointegration technique. According to Thirlwall (1979) and MacCombie and Thirlwall (1994) differences in long-term economic growth among countries can be explained by a demand induced theory of economic growth. The model is tested on the Brazilian economy after industrial take- off in 1955 until 1998 using the cointegration technique and a vector error correction (VEC) representation to find the dynamic responses of exports to GDP. The results show that there is a positive cointegration between growth in exports and long-term economic growth in Brazil, which support the fact external factors constraint Brazilian economic growth.
publishDate 2003
dc.date.none.fl_str_mv 2003-03-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572003000100063
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572003000100063
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/0101-31572004-0708
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.23 n.1 2003
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
_version_ 1754122479749562368

Registros relacionados