O padrão dos ciclos de crescimento da economia brasileira: 1947-2003

Marcos Flávio da Cunha Rezende

Revista Economia e Sociedade, 2005, vol. 24, 31

Abstract: By using the Minskyan approach of financial instability and the neo-schumpeterian approach to the relationship between the National System of Innovation (NSI) and economic competitiveness, a standard was obtained for growth cycles of economies with deficient financial system and whose NSI shows deficiencies when compared with the NSI of the developed countries. According to this standard, growth cycles begin with the structuring of financial arrangements and end with exchange crises and collapse of those arrangements. It was concluded that growth cycles in the Brazilian economy between 1947 and 2003 closely followed the above-mentioned standard.

Keywords: External vulnerability; Financial arrangements; Brazilian economic growth. (search for similar items in EconPapers)
JEL-codes: E12 F37 F43 O11 O3 (search for similar items in EconPapers)
Date: 2005
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