Accumulation pattern of the Brazilian economy in the 1990s and 2000s |
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| Authors: | Carmem Aparecida Feijó Marcos Tostes Lamonica Julio Cesar Albuquerque Bastos |
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| Institution: | 1. Economics Department, Fluminense Federal University (UFF) Researcher at the Brazilian National Council for Scientific and Technological Development (CNPq);2. Economics Department, Fluminense Federal University (UFF) |
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| 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. |
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| Keywords: | Brazilian economy growth regimes structural VAR |
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