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Assessing The Impact Of Distributive Policies On The Brazilian Economy Using An Scge Model

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  • Henrique Morrone

Abstract

This study investigates the impact of macroeconomic policies on the Brazilian economy. We present a two-sector, open-economy, Structuralist Computable General Equilibrium model that distinguishes among three economic classes and assumes no financial sector. The Social Accounting Matrix for Brazil in 2006 serves as a benchmark for our model. We compare the medium-run effects of five experiments: an income transfer towards formal workers, a transfer to informal labour, an investment shock, an exchange rate depreciation, and a policy mix that combines (exchange rate) depreciation with income transfer towards modern (sector) workers. The policy measures reinforce each other in terms of their potential to enhance growth. Our findings underscore the importance of redistributive policies to foster economic expansion.

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  • Henrique Morrone, 2015. "Assessing The Impact Of Distributive Policies On The Brazilian Economy Using An Scge Model," Economic Systems Research, Taylor & Francis Journals, vol. 27(1), pages 1-18, March.
    • Handle: RePEc:taf:ecsysr:v:27:y:2015:i:1:p:1-18
    DOI: 10.1080/09535314.2014.971101
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    1. International Labour Office. & International Institute for Labour Studies., 2011. "Brazil : an innovative income-led strategy," Studies on Growth with Equity, International Labour Office, Research Department, number 994634783402676, April.
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    Cited by:

    1. Irfan Ahmed & Claudio Socci & Francesca Severini & Rosita Pretaroli, 2019. "Fiscal policy for households and public budget constraint in Italy," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(1), pages 19-35, April.

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