Methodological influence on Brazilian deindustrialization

Paulo César Morceiro ()

Brazilian Journal of Political Economy, 2021, vol. 41, issue 4, 700-722

Abstract: Users of Brazilian National Accounts often use the overestimated sectoral sharedue to the financial dummy not being eliminated from sectoral GDP. This affects the level,peak, and shape of the deindustrialization series. Changes in the National Accounts systemhave also caused structural breaks in time series, making it difficult to assess the effect oftrade opening on deindustrialization. This study created series of sectoral shares in GDPfrom 1947 to 2019 to circumvent the financial dummy and discontinuities in the longtermseries. The new series is more adherent to economic cycles, captures the effect of tradeopening, and contests the over-industrialization thesis, allowing a better understanding ofthe deindustrialization process. JEL Classification: E23; L16; O14.

Keywords: Structural change; deindustrialization; trade opening; methodological changes; financial dummy (search for similar items in EconPapers)
Date: 2021
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