Connecting financialisation and structural change: a critical appraisal regarding Brazil

Mariana Finello Corrêa and Carmem Feijo

Cambridge Journal of Economics, 2022, vol. 46, issue 5, 1005-1024

Abstract: The contribution of this paper is to discuss the particularities of financialisation in peripheral economies, emphasising the channels through which financialisation contributes to redefining their trajectory of structural change. This paper has, as a reference, the structural regression of the Brazilian case, which is characterised by the deindustrialisation and trade specialisation marked by export reprimarisation. The aspects covered are the financialisation of non-financial corporations, of the exchange rate and of the determination of the commodity prices, which are associated with the Dutch disease.

Keywords: Peripheral financialisation; Structural change; Brazilian economy (search for similar items in EconPapers)
Date: 2022
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