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The Pattern of Economic Growth of the Brazilian Economy 1970–2005: A Demand-Led Growth Perspective

In: Sraffa and the Reconstruction of Economic Theory: Volume Two

Author

Listed:
  • Fabio N. P. Freitas
  • Esther Dweck

Abstract

The present work analyses the pattern of economic growth prevailing in Brazil from 1970 to 2005. The analytical framework for this investigation is based on the classical supermultiplier demand-led growth model combined with the hypothesis that the balance of payments was the main potential (and often the most effective) constraint for the expansion of the Brazilian economy during the period in focus. We adopt a demand- led growth accounting methodology to analyse the Brazilian economy, based on a multi-source database compiled for this investigation.

Suggested Citation

  • Fabio N. P. Freitas & Esther Dweck, 2013. "The Pattern of Economic Growth of the Brazilian Economy 1970–2005: A Demand-Led Growth Perspective," Palgrave Macmillan Books, in: Enrico Sergio Levrero & Antonella Palumbo & Antonella Stirati (ed.), Sraffa and the Reconstruction of Economic Theory: Volume Two, chapter 7, pages 158-191, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-31916-6_8
    DOI: 10.1057/9781137319166_8
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    Cited by:

    1. Dejuán, Óscar, 2014. "The Supermultiplier as a Vertically Hyper-integrated Sector," Centro Sraffa Working Papers CSWP4, Centro di Ricerche e Documentazione "Piero Sraffa".
    2. Morlin, Guilherme Spinato, 2022. "Growth led by government expenditure and exports: Public and external debt stability in a supermultiplier model," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 586-598.

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