1. Finance-Led Growth Regime no Brasil: estatuto teórico, evidências empíricas e consequências macroeconômicas.
- Author
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Bruno, Miguel, Diawara, Hawa, Araújo, Eliane, Reis, Ana Carolina, and Rubens, Mário
- Subjects
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FINANCIALIZATION , *ECONOMIC development , *MACROECONOMICS ,ECONOMIC conditions in Brazil, 1985- - Abstract
Finance-led growth regime in Brazil. This paper analyzes the Brazilian growth pattern during the post-liberalization period, emphasizing the structural links between finance and productive capital accumulation. The results indicate a finance-led growth regime in the period 2004-2008, under a very specific financialization process. The first part is a survey of the international literature, which defines the financialization concept and its relevance for understanding Brazilian economic problems. The next part provides a historical overview on the structural changes that made possible the development of financial-led regimes. The paper also applies an empirical analysis of some selected Brazilian macroeconomic indicators. [ABSTRACT FROM AUTHOR]
- Published
- 2011
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