dc.creator | Nabakashi, Luciano | |
dc.creator | Costa da Silva, Guilherme Jonas | |
dc.creator | Oreiro, José Luis | |
dc.creator | Guimarães e Souza, Gustavo José | |
dc.date.accessioned | 2014-01-02T18:46:02Z | |
dc.date.available | 2014-01-02T18:46:02Z | |
dc.date.created | 2014-01-02T18:46:02Z | |
dc.date.issued | 2012-04 | |
dc.identifier | https://hdl.handle.net/11362/11588 | |
dc.identifier | LC/G.2518-P | |
dc.description.abstract | This article describes the theory of demand-led growth and provides evidence that a demand-led growth regime exists in the Brazilian economy. Based on the methodology developed by Atesoglu (2002), econometric tests of this hypothesis show that almost 85% of the growth rate of real GDP in the period 1990-2005 is explained by demand-side variables, mainly exports and government consumption. As the current fiscal crisis rules out fiscal expansion, Brazil's only option is to adopt an export-led growth model. The article also shows that the maintenance of undervalued real exchange rate is a major determinant of export growth in developing countries such as Brazil. | |
dc.language | en | |
dc.relation | CEPAL Review | |
dc.relation | CEPAL Review | |
dc.relation | 106 | |
dc.title | The economics of demand-led growth: theory and evidence for Brazil | |
dc.type | Texto | |