A economia brasileira puxada pela demanda agregada
Autor(a) principal: | |
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Data de Publicação: | 2010 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Repositório Institucional da UnB |
Texto Completo: | http://repositorio.unb.br/handle/10482/27675 https://dx.doi.org/10.1590/S0101-31572010000400003 |
Resumo: | The Brazilian economy pulled by the aggregate demand. This article aims to present the demand-led growth theory and some empirical evidences for a demand-led growth regime in Brazil. First of all, we will do a brief review of the theory of demand led-growth, based in the seminal work of Kaldor (1988), for whom long-run growth is determined by the growth rate of consumption expenditures and the growth rate of exports. Based in the empirical methodology developed by Atesoglu (2002), we run some econometric tests for the hypothesis of demand-led growth for Brazilian economy. The results of such tests shown that near of 85% of GDP growth in Brazil in the period 1991-2005 is explained by variables at the demand side of the economy. Besides that, based in the methodology developed by Ledesma and Thirwall (2002), we shown that natural rate of growth for Brazilian economy is endogenous, increasing during boom times. This means that appears to be no restrictions in the supply side of the economy for a faster growth of Brazilian economy. Finally, we argue that a necessary condition for a sustained growth of Brazilian economy is the adoption of a export-led growth model. For such it is necessary to put an end on the actual over-valuation of real exchange rate. |
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Oreiro, José Luís da CostaNakabashi, LucianoSouza, Gustavo José de Guimarães e2017-12-07T04:53:20Z2017-12-07T04:53:20Z2010Rev. Econ. Polit.,v.30,n.4,p.581-603,2010http://repositorio.unb.br/handle/10482/27675https://dx.doi.org/10.1590/S0101-31572010000400003The Brazilian economy pulled by the aggregate demand. This article aims to present the demand-led growth theory and some empirical evidences for a demand-led growth regime in Brazil. First of all, we will do a brief review of the theory of demand led-growth, based in the seminal work of Kaldor (1988), for whom long-run growth is determined by the growth rate of consumption expenditures and the growth rate of exports. Based in the empirical methodology developed by Atesoglu (2002), we run some econometric tests for the hypothesis of demand-led growth for Brazilian economy. The results of such tests shown that near of 85% of GDP growth in Brazil in the period 1991-2005 is explained by variables at the demand side of the economy. Besides that, based in the methodology developed by Ledesma and Thirwall (2002), we shown that natural rate of growth for Brazilian economy is endogenous, increasing during boom times. This means that appears to be no restrictions in the supply side of the economy for a faster growth of Brazilian economy. Finally, we argue that a necessary condition for a sustained growth of Brazilian economy is the adoption of a export-led growth model. For such it is necessary to put an end on the actual over-valuation of real exchange rate.Em processamentoEditora 34A economia brasileira puxada pela demanda agregadainfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleDesenvolvimento econômicoaggregate demandreal exchange rateinfo:eu-repo/semantics/openAccessporreponame:Repositório Institucional da UnBinstname:Universidade de Brasília (UnB)instacron:UNBORIGINALv30n4a03.pdfapplication/pdf150364http://repositorio2.unb.br/jspui/bitstream/10482/27675/1/v30n4a03.pdfe5511b5c832bb3dc8e19fd25e35f2455MD51open access10482/276752023-10-06 15:20:06.563open accessoai:repositorio2.unb.br:10482/27675Biblioteca Digital de Teses e DissertaçõesPUBhttps://repositorio.unb.br/oai/requestopendoar:2023-10-06T18:20:06Repositório Institucional da UnB - Universidade de Brasília (UnB)false |
dc.title.pt_BR.fl_str_mv |
A economia brasileira puxada pela demanda agregada |
title |
A economia brasileira puxada pela demanda agregada |
spellingShingle |
A economia brasileira puxada pela demanda agregada Oreiro, José Luís da Costa Desenvolvimento econômico aggregate demand real exchange rate |
title_short |
A economia brasileira puxada pela demanda agregada |
title_full |
A economia brasileira puxada pela demanda agregada |
title_fullStr |
A economia brasileira puxada pela demanda agregada |
title_full_unstemmed |
A economia brasileira puxada pela demanda agregada |
title_sort |
A economia brasileira puxada pela demanda agregada |
author |
Oreiro, José Luís da Costa |
author_facet |
Oreiro, José Luís da Costa Nakabashi, Luciano Souza, Gustavo José de Guimarães e |
author_role |
author |
author2 |
Nakabashi, Luciano Souza, Gustavo José de Guimarães e |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Oreiro, José Luís da Costa Nakabashi, Luciano Souza, Gustavo José de Guimarães e |
dc.subject.keyword.pt_BR.fl_str_mv |
Desenvolvimento econômico aggregate demand real exchange rate |
topic |
Desenvolvimento econômico aggregate demand real exchange rate |
description |
The Brazilian economy pulled by the aggregate demand. This article aims to present the demand-led growth theory and some empirical evidences for a demand-led growth regime in Brazil. First of all, we will do a brief review of the theory of demand led-growth, based in the seminal work of Kaldor (1988), for whom long-run growth is determined by the growth rate of consumption expenditures and the growth rate of exports. Based in the empirical methodology developed by Atesoglu (2002), we run some econometric tests for the hypothesis of demand-led growth for Brazilian economy. The results of such tests shown that near of 85% of GDP growth in Brazil in the period 1991-2005 is explained by variables at the demand side of the economy. Besides that, based in the methodology developed by Ledesma and Thirwall (2002), we shown that natural rate of growth for Brazilian economy is endogenous, increasing during boom times. This means that appears to be no restrictions in the supply side of the economy for a faster growth of Brazilian economy. Finally, we argue that a necessary condition for a sustained growth of Brazilian economy is the adoption of a export-led growth model. For such it is necessary to put an end on the actual over-valuation of real exchange rate. |
publishDate |
2010 |
dc.date.issued.fl_str_mv |
2010 |
dc.date.accessioned.fl_str_mv |
2017-12-07T04:53:20Z |
dc.date.available.fl_str_mv |
2017-12-07T04:53:20Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.citation.fl_str_mv |
Rev. Econ. Polit.,v.30,n.4,p.581-603,2010 |
dc.identifier.uri.fl_str_mv |
http://repositorio.unb.br/handle/10482/27675 |
dc.identifier.doi.pt_BR.fl_str_mv |
https://dx.doi.org/10.1590/S0101-31572010000400003 |
identifier_str_mv |
Rev. Econ. Polit.,v.30,n.4,p.581-603,2010 |
url |
http://repositorio.unb.br/handle/10482/27675 https://dx.doi.org/10.1590/S0101-31572010000400003 |
dc.language.iso.fl_str_mv |
por |
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por |
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info:eu-repo/semantics/openAccess |
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openAccess |
dc.publisher.none.fl_str_mv |
Editora 34 |
publisher.none.fl_str_mv |
Editora 34 |
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Universidade de Brasília (UnB) |
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Repositório Institucional da UnB |
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Repositório Institucional da UnB - Universidade de Brasília (UnB) |
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1803573659108900864 |