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Macroeconomics and DevelopmentRoberto Frenkel and the Economics of Latin America$
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Mario Damill, Martín Rapetti, and Guillermo Rozenwurcel

Print publication date: 2016

Print ISBN-13: 9780231175081

Published to Columbia Scholarship Online: September 2016

DOI: 10.7312/columbia/9780231175081.001.0001

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Accounting for the Rise and Fall of Brazil’s Growth After World War II

Accounting for the Rise and Fall of Brazil’s Growth After World War II

(p.188) Chapter 9 Accounting for the Rise and Fall of Brazil’s Growth After World War II
Macroeconomics and Development

Edmar Bacha

Regis Bonelli

Columbia University Press

the long-term evolution of the Brazilian economy is examined in this chapter. The authors use models that emphasize the determinants of aggregate supply to help decipher the puzzle of Brazil’s growth collapse after 1980. The corollary of their analysis is that Brazil’s slow growth is a result of low rates of investment and domestic savings: if they do not increase, the country will be doomed to grow at the modest rates observed in recent years.

Keywords:   long term growth, investment rate, domestic savings, output-capital ratio, productivity, macroeconomic regime, Brazilian economy

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