O Brasil pode repetir o milagre econômico?
By: BARBOSA FILHO, Fernando de Holanda
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Contributor(s): BARBOSA, Fernando de Holanda.
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ArticlePublisher: São Paulo : Editora 34, out./dez. 2014Revista de Economia Política = Brazilian Journal of Political Economy 34, 4, p. 608-627Abstract: Can Brazil repeat the economic miracle? This article analyze the necessary conditions for Brazilian income per capita to duplicate in a time span of fifteen years, as it happened in the 1970s. Growth accounting is used to identify the sources of growth of Asian countries (China, Hon Kong, Japan, Singapore, South Korea and Taiwan) and Brazil during periods where income per capita has doubled in the past. The main restriction for the Brazilian economy to get back the growth performance of the 1970s is the low rate of investment. To increase this rate requires a substantial increase of the domestic savings rate.
Can Brazil repeat the economic miracle? This article analyze the necessary conditions for Brazilian income per capita to duplicate in a time span of fifteen years, as it happened in the 1970s. Growth accounting is used to identify the sources of growth of Asian countries (China, Hon Kong, Japan, Singapore, South Korea and Taiwan) and Brazil during periods where income per capita has doubled in the past. The main restriction for the Brazilian economy to get back the growth performance of the 1970s is the low rate of investment. To increase this rate requires a substantial increase of the domestic savings rate.
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