Can Brazil repeat the economic miracle?

Fernando de Holanda Barbosa () and Fernando de Holanda Barbosa Filho ()
Authors registered in the RePEc Author Service: Fernando de Holanda Barbosa

Brazilian Journal of Political Economy, 2014, vol. 34, issue 4, 608-627

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.

Keywords: duplicating income per capita; growth accounting; Brazilian “miracle”; Asian model (search for similar items in EconPapers)
Date: 2014
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