Balance-of-payments-constrained growth in Brazil: 1951-2008.
The aim of this study is to determine whether Brazil's economic growth has been constrained by the balance of payments in the long run. The question underpinning the analysis can be expressed as follows: Was economic growth in the period 1951-2008 constrained by the balance of payments? To answer th...
| Publicado en: | Journal of Post Keynesian Economics Vol. 36; no. 4; pp. 673 - 699 |
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| Autores principales: | , |
| Formato: | Artículo |
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Taylor & Francis Ltd
Summer2014
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=97227809&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 97227809 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 01603477 PKE jtl: Journal of Post Keynesian Economics issn: 01603477 maglogo: N pubinfo: dt: Summer2014 vid: 36 iid: 4 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 97227809 10.2753/PKE0160-3477360405 ppf: 673 ppct: 26 formats: tig: atl: Balance-of-payments-constrained growth in Brazil: 1951-2008. aug: au: Alencar, Douglas Alcantara Strachman, Eduardo affil: Economics Department, Federal University of Minas Gerais, Brazil UNESP, São Paulo State University su: Brazil Economic development Balance of payments Vector error-correction models Time series analysis Economic conditions in Brazil, 1945- sug: subj: Economic development Brazil Balance of payments Vector error-correction models Time series analysis Economic conditions in Brazil, 1945- keyword: economic growth external constraint time series economic growth external constraint time series ab: The aim of this study is to determine whether Brazil's economic growth has been constrained by the balance of payments in the long run. The question underpinning the analysis can be expressed as follows: Was economic growth in the period 1951-2008 constrained by the balance of payments? To answer this question, the study employs the externally constrained growth methodology developed by Lima and Carvalho (2009), among others. The main statistical method used is vector error correction. The conclusion is that the rate of economic growth in Brazil was restricted by the external sector in the period concerned, validating the theory of balance-of-payments growth constraint with regard to the economic history of Brazil. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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