In the beginning of the eighties the Brazilian growth rate of per capita GDP fell abruptly. In this paper we ask if this fall can be ex-plained by the behavior of technological progress (measured by Total Factor Productivity or TFP). Our main conclusion is that the behavior of TFP can fairly...

In this paper we study the behavior of aggregate investment in the Brazilian economy from 1970-1998. There are two periods when investment has a big increment in Brazil. The second half of the 70s, when investment grew faster than before mainly due to the increment of public investment...

competitiveness.

This article has two objectives. The first is to show the impact of distortionary taxes during a period of the economic cycle in Brazil. The second is to show that an explanation for output to grow slower than productivity is the increase in taxes on productive factors: capital and labor. To...