Perspectivas de longo prazo da economia brasileira : uma análise exploratória
By: FERREIRA, Pedro C
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Material type: 
ArticlePublisher: São Paulo : Editora 34, out./dez. 1998Revista de Economia Política = Brazilian Journal of Political Economy 18, 4 , p. 39-64Abstract: This article uses Endogenous Growth Theory framework to examine long term prospects of Brazilian economy. We study the behavior of those variables identified by theory as central for development. The article argues that Brazils educational system performance is poor even by Latin America standards. There are still too many market restrictions and others barriers to trade and technology adoption. Infrastructure services and investments are deficient and the tax system too concentrated and distorcive. Hence, while these factors persist, it is not likely that the country will grow at sustainable rates comparable to those experienced two decades ago. However, privatization of infrastructure sectors may spur a temporary boom as investment increases to satisfy repressed demand
This article uses Endogenous Growth Theory framework to examine long term prospects of Brazilian economy. We study the behavior of those variables identified by theory as central for development. The article argues that Brazils educational system performance is poor even by Latin America standards. There are still too many market restrictions and others barriers to trade and technology adoption. Infrastructure services and investments are deficient and the tax system too concentrated and distorcive. Hence, while these factors persist, it is not likely that the country will grow at sustainable rates comparable to those experienced two decades ago. However, privatization of infrastructure sectors may spur a temporary boom as investment increases to satisfy repressed demand
Revista de Economia Política 1998
v. 18, n. 4(72)
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