This paper analyzes export performance in Brazil, discussing the roles played by export diversification, productivity enhancements, policy, and natural resource endowments. First, we provide a brief account of Brazil’s recent export performance and analyze changes in the competitiveness of...

Financial markets help to foster growth and productivity through their role in mobilizing savings to finance investment and production, selecting and monitoring investment projects, diversifying risks, and allowing investment and production to be carried out in the most productive scale and time...

A Comissão Econômica para a América Latina e o Caribe (Cepal) e o Instituto de Pesquisa Econômica Aplicada (Ipea) mantêm atividades conjuntas desde 1971, abrangendo vários aspectos do estudo do desenvolvimento econômico e social do Brasil, da América Latina e do Caribe. A partir de 2010,...

O trabalho contém uma avaliação quantitativa da experiência brasileira decrescimento no longo prazo, cobrindo o período 1940-2002. A análise mostra que odesempenho da poupança, por si só, não explica a redução das taxas de crescimentodepois de 1980. Nossa explicação para esse...

Os últimos 20 anos foram, como se sabe, um período de grandes transformaçõeseconômicas, políticas, institucionais e sociais no Brasil. Desde a primeira metade dosanos 1990 a economia foi progressivamente aberta, tanto ao comércio quanto aoinvestimento estrangeiro, diversas grandes...

This paper addresses a key issue of the link between increased capital inflows through FDI and industrial competitiveness in Brazil. It provides an analysis of the two way relationship which can exist in theory between FDI and competitiveness, as well as some empirical evidence from Brazil in...

The Brazilian economy was characterized in the 1990s by marked changes from previous decades, many of which induced by economic policy: trade and financial liberalization, privatization, other State reform measures and the beginnings of economic stabilization with the implementation of the Real...

The last 20 years were a period of major political, economic, social, and institutional reform in Brazil. In the first half of the 1990s, reformers opened the economy to foreign trade and both direct and portfolio investment, sold off a number of large and traditional state-owned enterprises,...

This paper is devoted to a quantitative assessment of Brazil’s long-term growth experience. The analysis herein shows that savings alone do not explain the growth slump after 1980. Our explanation centers on the evolution of the output-capital ratio and on changes in the relative price of...

As inter-relações entre estado e economia cobrem diversas áreas de interesse e são de uma variedade tal que desafiam os analistas de diversas disciplinas em qualquer país. Com o risco de deixar de lado faces importantes desta questão, este texto destaca temas macroeconômicos, com foco no...