Educação, Investimentos Externos e Crescimento Econômico: Evidências Empíricas

João Issler, Gustavo Gonzaga and Guilherme C. Marone

Brazilian Review of Econometrics, 1996, vol. 16, issue 2

Abstract: Using a sensible permanent/transitory decomposition of private output, consumption, and gross investment, we calculate potential output for the Brazilian economy and show that permanent shocks explain almost 100% of the variation of private GDP. We then investigate if potential output has a long-run relationship with the number of years of schooling of the Brazilian labor force, the illiteracy rate of Brazilian labor force, and with direct foreign investment in Brazil. In all three cases we found non-trivial long-run elasticities. Examining the exogeneity status of these variables, jointly with potential output, shows that the latter is strongly exogenous in the sense of Engle, Hendry, and Richard (1983). Policy issues are then discussed.

Date: 1996
References: Add references at CitEc
Citations:

Downloads: (external link)
https://periodicos.fgv.br/bre/article/view/2877 (text/html)

Related works:
Working Paper: Educação, investimentos externos e crescimento econômico: evidências empiricas (1995)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sbe:breart:v:16:y:1996:i:2:a:2877

Access Statistics for this article

Brazilian Review of Econometrics is currently edited by Daniel Monte

More articles in Brazilian Review of Econometrics from Sociedade Brasileira de Econometria - SBE Contact information at EDIRC.
Bibliographic data for series maintained by Núcleo de Computação da FGV EPGE ().