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Infrastructure and productivity in Brazil. This article analyses the relationship between infrastructure and total … factor productivity (TFP) in Brazil during the second half of the twenty century. Public capital is used as a proxy for … capital stock- has a positive effect on productivity on the long run. In that sense, it was used the Johansen methodology for …
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The Brazilian economy pulled by the aggregate demand. This article aims to present the demand-led growth theory and some empirical evidences for a demand-led growth regime in Brazil. First of all, we will do a brief review of the theory of demand led-growth, based in the seminal work of Kaldor...
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