Conditioning Factors of Economic Growth in Brazil: An Empirical Study

Author(s)

Caio Marcos Mortatti

• Document type: Master's Dissertation
• Press: Ribeirão Preto.
• Institution: Universidade de São Paulo (USP). Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto (PCARP/BC)
• Defense date: 2011-11-30

Examining board members

Eliezer Martins Diniz; Alex Luiz Ferreira; Silvia Helena Galvao de Miranda

• Advisor: Eliezer Martins Diniz

Abstract

This research aims to empirically analyze the main conditioning factors of the Brazilian economic growth for the period 1970-2010 using a structural vector autoregression model following a neoclassical specification for the macroeconomic theory of economic growth. In order to do it, the analysis starts with the theoretic approach of the economic growth models and part to the empirical approach to the Brazilian case, using time series analysis. The mean partial empirical results suggest that: (i) gross fixed capital formation, followed by human capital and trade openness are important instruments of economic growth policy; (ii) there is an J curve e_ect on the dynamics of the exchange rate; and (iii) there are di_erences in the short and long-run elasticities, promoting di_erent approaches to economic planning policies between the variables. (AU)

• FAPESP's process: 10/13731-5 - Conditioning factors of economic growth in Brazil: an empirical study
• Grantee: Caio Marcos Mortatti
• Support Opportunities: Scholarships in Brazil - Master