Finance-led growth regime no Brasil : estatuto teórico, evidências empíricas e consequências macroeconômicas
By: BRUNO, Miguel
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Contributor(s): DIAWARA, Hawa | ARAÚJO, Eliane | REIS, Anna Carolina | RUBENS, Mário.
Material type: 
ArticlePublisher: São Paulo : Editora 34, dez. 2011Subject(s): Sistema Financeiro | Investimento | Brasil | BrasilOnline resources: Acesso | Acesso Revista de Economia Política = Brazilian Journal of Political Economy 31, 5, p. 730-750Abstract: This paper analyzes the Brazilian growth pattern during the post-liberalization period, emphasizing the structural links between finance and productive capital accumulation. The results indicate a finance-led growth regime in the period 2004-2008, under a very specific financialization process. The first part is a survey of the international literature, which defines the financialization concept and its relevance for understanding Brazilian economic problems. The next part provides a historical overview on the structural changes that made possible the development of financial-led regimes. The paper also applies an empirical analysis of some selected Brazilian macroeconomic indicators
This paper analyzes the Brazilian growth pattern during the post-liberalization period, emphasizing the structural links between finance and productive capital accumulation. The results indicate a finance-led growth regime in the period 2004-2008, under a very specific financialization process. The first part is a survey of the international literature, which defines the financialization concept and its relevance for understanding Brazilian economic problems. The next part provides a historical overview on the structural changes that made possible the development of financial-led regimes. The paper also applies an empirical analysis of some selected Brazilian macroeconomic indicators
v. 31, n. 5(125)
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