Now showing items 1-10 of 305
What accounts for the Chilean saving 'miracle'?
(Oxford University Press, 2001)
This paper examines the recent saving performance of the Chilean economy in the light of its long-run (1940-96) trends. The first conclusion that can be derived from the data is that most of the increase in private saving ...
Why the ‘Rest’ doesn’t need foreign finance
The Rest will be able to catch up and grow faster than the West only if it goes against a 'received truth', namely that capital-rich countries should transfer their capital to capital-poor countries. This intuitive truth ...
Foreign savings, insufficiency of demand, and low growth
There is a problem of insufficiency of demand for countries that accept to grow with foreign savings. Although medium-income countries are capital-poor countries, current account deficits (foreign savings) will increase ...
Por que a poupança externa não promove crescimento
(Editora 34, 2007)
Why foreign saving fail to cause growth. The present paper is a formalization of the critique of the growth with foreign savings strategy. Although medium income countries are capital poor, current account deficits (foreign ...
Neutralizing the tendency to the overvaluation of the exchange rate or assuming a foreign constraint and asking for foreign savings
The objectives of these notes are two. The first objective is to analyze whether the strategy of growth with absorption of foreign savings leads to a trajectory of the economy that is sustainable in the long run. The second ...
A importância da taxa de câmbio e da substituição entre as poupanças interna e externa sobre o crescimento econômico do Brasil - 1995 a 2012
(Universidade Federal de Santa MariaBREconomiaUFSMPrograma de Pós-Graduação em Economia e Desenvolvimento, 2013-11-16)
This study investigated how the replacement of domestic savings by foreign savings for appreciation of exchange rates influenced the Brazilian economic growth from 1995 to 2012. After implementing the Real Plan, Brazil ...
The second Washington consensus and Latin America's quasi-stagnation
(M E Sharpe Inc, 2004)
It took more than ten years for Latin America to overcome the debt crisis, which turned into a fiscal crisis of the state. Yet in the early 1990s, most of Latin America had undergone deep reforms (particularly trade ...
Crítica do crescimento com poupança externa
The present paper is a formalization of the critique of the growth with foreign savings strategy. Although medium income countries are capital poor, current account deficits (foreign savings), financed either by loans or ...
Economic growth in Latin America and the Caribbean: growth transitions rather than steady states
Recent evidence on economic growth indicates that growth fluctuations at frequencies of a decade or so are at the centre of the Latin American countries'growth story. In this context, investment has played an important ...
Absorbing foreign savings successfully
(The Brazilian EconomyThe Brazilian Economy, 2010)