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From the Miracle to the Lost Decade

Author

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  • Nicolas Grinberg

Abstract

The present paper examines the Brazilian experience from the ‘Economic Miracle’ to the ‘Lost Decade’. Its aim is to advance an alternative measurement of the flows of extraordinary wealth (i.e. ground-rent and net external credit) available for appropriation in the Brazilian economy and to asses their relevance in sustaining the process of accumulation of industrial capital. That is done in order to provide further and more accurate evidence to the claim that the evolution of the Brazilian process of capital accumulation has been extremely dependent on the evolution of those masses of extraordinary wealth. JEL Classification: H60; 011; 013; 054; Q19; N16.

Suggested Citation

  • Nicolas Grinberg, 2008. "From the Miracle to the Lost Decade," Brazilian Journal of Political Economy, Center of Political Economy, vol. 28(2), pages 291-311.
    • Handle: RePEc:ekm:repojs:v:28:y:2008:i:2:p:291-311:id:529
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    More about this item

    Keywords

    Brazil; Intersectoral Transferences; External Debt; Economic Miracle; Lost Decade;
    All these keywords.

    JEL classification:

    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • Q19 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Other
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

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