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Accumulation pattern of the Brazilian economy in the 1990s and 2000s

Carmem Aparecida Feij�, Marcos Tostes Lamonica and Julio Cesar Albuquerque Bastos
Authors registered in the RePEc Author Service: Carmem Feijo

International Review of Applied Economics, 2015, vol. 29, issue 1, 15-31

Abstract: This paper investigates the dynamic relationships among income distribution, debt ratio and capital accumulation in the Brazilian economy in the 1990s and 2000s. One explanation for the relatively slow growth of the Brazilian economy is the relatively low rate of investment. The paper presents an econometric model, based on Nishi, to investigate the causes of instability in investment in the period. It concludes that the Brazilian economy since the economic opening presents a debt-burdened pattern of capital accumulation.

Date: 2015
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DOI: 10.1080/02692171.2014.933787

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