From a Miracle to a Disaster: the Brazilian Economy in the 3 last Decades

Arilton Teixeira (), Mirta N S Bugarin, Roberto Ellery and Victor Gomes

No 20, Fucape Working Papers from Fucape Business School

Abstract: In the beginning of the eighties the Brazilian growth rate of per capita GDP fell abruptly. In this paper we ask if this fall can be ex-plained by the behavior of technological progress (measured by Total Factor Productivity or TFP). Our main conclusion is that the behavior of TFP can fairly describe the dynamics of the Brazilian economy between 1970 and 1998. We divide this period in two sub-periods. In the first, the seventies, per capita GDP grew at 5.05% a year. In contrast with per capita GDP, TFP grew only until 1974, declining in the rest of the decade. After 1974, the growth rate of per capita GDP was sustained by increasing investment sustained by government subsidies that went from 1% to 4% of GDP in the second half of the seventies. In the second sub-period, the eighties and nineties, both TFP and per capita GDP decreased until 1993, increasing thereafter.

Pages: 22
Date: 2009-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Fucape Working Papers Dezembro 2009

Downloads: (external link)
http://www.fucape.br/_public/workingpapers/20-2009.pdf Primeira Versão, 2009 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.fucape.br/_public/workingpapers/20-2009.pdf [301 Moved Permanently]--> https://www.fucape.br/_public/workingpapers/20-2009.pdf [301 Moved Permanently]--> https://fucape.br/_public/workingpapers/20-2009.pdf)

Related works:
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:bbz:fcpwps:20

Access Statistics for this paper

More papers in Fucape Working Papers from Fucape Business School Fucape Business School Brazilian Business Review Av. Fernando Ferrari, 1358, Boa Vista CEP 29075-505 Vitória-ES. Contact information at EDIRC.
Bibliographic data for series maintained by Adriana Gasparino ( this e-mail address is bad, please contact ).