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Can Brazil repeat the economic miracle?

Author

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  • Fernando de Holanda Barbosa
  • Fernando de Holanda Barbosa Filho

Abstract

This article analyze the necessary conditions for Brazilian income per capita to duplicate in a time span of fifteen years, as it happened in the 70s. Growth accounting is used to identify the sources of growth of Asian countries (China, Hon Kong, Japan, Singapore, South Koreaand Taiwan) and Brazil during periods where income per capita has doubled in the past. The main restriction for the Brazilian economy to get back the growth performance of the 70s is the low rate of investment. To increase this rate requires a substantial increase of the domestic savings rate. JEL Classification: O40; O47.

Suggested Citation

  • Fernando de Holanda Barbosa & Fernando de Holanda Barbosa Filho, 2014. "Can Brazil repeat the economic miracle?," Brazilian Journal of Political Economy, Center of Political Economy, vol. 34(4), pages 608-627.
    • Handle: RePEc:ekm:repojs:v:34:y:2014:i:4:p:608-627:id:291
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    More about this item

    Keywords

    duplicating income per capita; growth accounting; Brazilian “miracle”; Asian model;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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