Structural change and productivity growth in Brazil: where do we stand?
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Outros Autores: | , , |
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=S0101-31572020000200243 |
Resumo: | ABSTRACT The aim of this paper is to discuss the evolution of the Brazilian labour productivity in the 1990s and 2000s to shed some light on the resilience of the Brazilian economy to recover growth. Labor productivity growth in Brazil, after showing positive annual rates between 1950 and 1979, became stagnant after 1980. Following McMillan and Rodrik’s (2011) methodology, this paper at first decompose labor productivity growth in the period 1950-2011, according to “structural change” (which is considered growth-enhancing) and “within effect” (which is growth-reducing, if not accompanied by significant structural change while the country is still pursuing its catching-up process). Next, an econometric exercised is presented to explain the determinants of the structural change component of the labour productivity since economic opening in the 1990s. The results show that the stagnation of the Brazilian productivity is explained by the overvaluation trend of the Brazilian currency, the reprimarization of the export basket, the low degree of Brazil’s trade openness and the high real interest rates prevailing in the period. |
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Structural change and productivity growth in Brazil: where do we stand?Economic developmentcatching-uplabor productivity growthstructural changeABSTRACT The aim of this paper is to discuss the evolution of the Brazilian labour productivity in the 1990s and 2000s to shed some light on the resilience of the Brazilian economy to recover growth. Labor productivity growth in Brazil, after showing positive annual rates between 1950 and 1979, became stagnant after 1980. Following McMillan and Rodrik’s (2011) methodology, this paper at first decompose labor productivity growth in the period 1950-2011, according to “structural change” (which is considered growth-enhancing) and “within effect” (which is growth-reducing, if not accompanied by significant structural change while the country is still pursuing its catching-up process). Next, an econometric exercised is presented to explain the determinants of the structural change component of the labour productivity since economic opening in the 1990s. The results show that the stagnation of the Brazilian productivity is explained by the overvaluation trend of the Brazilian currency, the reprimarization of the export basket, the low degree of Brazil’s trade openness and the high real interest rates prevailing in the period.Centro de Economia Política2020-06-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572020000200243Brazilian Journal of Political Economy v.40 n.2 2020reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572020-3089info:eu-repo/semantics/openAccessNASSIF,ANDRÉMORANDI,LUCILENEARAÚJO,ELIANEFEIJÓ,CARMEMeng2020-04-13T00:00:00Zoai:scielo:S0101-31572020000200243Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2020-04-13T00:00Revista de Economia Política - EDITORA 34false |
dc.title.none.fl_str_mv |
Structural change and productivity growth in Brazil: where do we stand? |
title |
Structural change and productivity growth in Brazil: where do we stand? |
spellingShingle |
Structural change and productivity growth in Brazil: where do we stand? NASSIF,ANDRÉ Economic development catching-up labor productivity growth structural change |
title_short |
Structural change and productivity growth in Brazil: where do we stand? |
title_full |
Structural change and productivity growth in Brazil: where do we stand? |
title_fullStr |
Structural change and productivity growth in Brazil: where do we stand? |
title_full_unstemmed |
Structural change and productivity growth in Brazil: where do we stand? |
title_sort |
Structural change and productivity growth in Brazil: where do we stand? |
author |
NASSIF,ANDRÉ |
author_facet |
NASSIF,ANDRÉ MORANDI,LUCILENE ARAÚJO,ELIANE FEIJÓ,CARMEM |
author_role |
author |
author2 |
MORANDI,LUCILENE ARAÚJO,ELIANE FEIJÓ,CARMEM |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
NASSIF,ANDRÉ MORANDI,LUCILENE ARAÚJO,ELIANE FEIJÓ,CARMEM |
dc.subject.por.fl_str_mv |
Economic development catching-up labor productivity growth structural change |
topic |
Economic development catching-up labor productivity growth structural change |
description |
ABSTRACT The aim of this paper is to discuss the evolution of the Brazilian labour productivity in the 1990s and 2000s to shed some light on the resilience of the Brazilian economy to recover growth. Labor productivity growth in Brazil, after showing positive annual rates between 1950 and 1979, became stagnant after 1980. Following McMillan and Rodrik’s (2011) methodology, this paper at first decompose labor productivity growth in the period 1950-2011, according to “structural change” (which is considered growth-enhancing) and “within effect” (which is growth-reducing, if not accompanied by significant structural change while the country is still pursuing its catching-up process). Next, an econometric exercised is presented to explain the determinants of the structural change component of the labour productivity since economic opening in the 1990s. The results show that the stagnation of the Brazilian productivity is explained by the overvaluation trend of the Brazilian currency, the reprimarization of the export basket, the low degree of Brazil’s trade openness and the high real interest rates prevailing in the period. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-06-01 |
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=S0101-31572020000200243 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572020000200243 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/0101-31572020-3089 |
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.40 n.2 2020 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 |
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1754122482480054272 |