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100 1 _aJAYME JR, Frederico Gonzaga
_933218
245 1 0 _aBalance-of-payments-constrained economic Growth in Brazil
260 _aSão Paulo :
_bEditora 34,
_cjan./mar. 2003
520 3 _aThis paper applies the Thirlwall’s balance-of-payments constraint model to Brazilian economic growth in the period 1955-98, using cointegration technique. According to Thirlwall (1979) and MacCombie and Thirlwall (1994) differences in long-term economic growth among countries can be explained by a demand induced theory of economic growth. The model is tested on the Brazilian economy after industrial take-off in 1955 until 1998 using the cointegration technique and a vector error correction (VEC) representation to find the dynamic responses of exports to GDP. The results show that there is a positive cointegration between growth in exports and long-term economic growth in Brazil, which support the fact external factors constraint Brazilian economic growth
590 _aRevista de Economia Política
590 _aJaneiro-Março 2003
590 _av. 23, n. 1(89)
773 0 8 _tRevista de Economia Política = Brazilian Journal of Political Economy
_g23, 1 , p. 62-84
_dSão Paulo : Editora 34, jan./mar. 2003
_xISSN 01013157
_w
942 _cS
998 _a20071205
_b1654^b
_cMariana
998 _a20140204
_b1557^b
_ckarina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c25202
_d25202
041 _aeng