Os efeitos do câmbio no crescimento da economia brasileira

Luciano Nakabashi (), Marcelo Curado () and João Basílio Pereima Neto ()
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Marcelo Curado: Department of Economics, Universidade Federal do Paraná
João Basílio Pereima Neto: Department of Economics, Universidade Federal do Paraná

No 74, Working Papers from Universidade Federal do Paraná, Department of Economics

Abstract: Although the improvement accomplished in the external accounts and the Brazilian economic growth in recent years, it would be incorrect to conclude that the external restriction is not important to determine the economic growth rate in longer periods of time. The maintenance of the Brazilian exchange rate overvaluation for a considerable period of time is leading to a weakening of other external indicators in a way that it is going to damage its own economic growth. That is, the policy makers need to be aware of the fact that the economic growth current path is not sustainable in the medium term. Therefore, the present article explores the consequences of this process on some important variables that can affect the Brazilian economic dynamism in longer periods of time.

Keywords: external restriction; economic growth; exchange rate (search for similar items in EconPapers)
JEL-codes: E58 E65 F43 O24 O54 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec and nep-lab
Date: 2008
Note: Creation Date corresponds to the year in which the paper was published on the Department of Economics website. The paper may have been written a small number of months before its publication date.
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