By exploring the implications of a Multi-Sector Thirlwall’s Law, this paper reports empirical exercises that contribute to an understanding of the relationship between structural change, external constraint and growth in Brazil in the 1962-2006 period. Given the sectoral nature of these...

Productive structure, external constraint and economic growth: the Brazilian experience - We analyze the sharp drop in the growth rate that has been experienced by the Brazilian economy since the 1980s, using the balance-of-payments-constrained growth approach. Empirical results show that growth...

paper develops a post-keynesian dynamic model to analyze the impact of quantitative changes in import tariffs on capacity utilization and growth. It is shown that even in case a tariff reduction leads to a rise in labor produtivity and/or to a fall in markups, it may well have a negative impact...